Gold Mining Stocks – Centerra aims for a deal

Article Excerpt

CENTERRA GOLD $4.02 (Toronto symbol CG; SI Rating: Speculative) (416-204-1953; www.centerragold.com; Shares outstanding: 216.3 million; Market cap: $869.6 million), continues to negotiate with the government of Kyrgyzstan over the size of the government’s proposed stake in Centerra’s Kumtor mine, as well as the mine’s tax regime. Centerra and Cameco (which owns 53% of Centerra) and the Kyrgyz government were scheduled to meet with an international arbitrator, but Centerra and the Kyrgyz government have agreed to postpone international arbitration. This will allow for further negotiations to reach an acceptable investment agreement on the Kumtor concession. Gold production at Kumtor has continued uninterrupted. Centerra is still a hold. hold. …