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Chaarat Gold outlines terms of its offer for the Kumtor mine in Kyrgyzstan

Published: 09:33 01 May 2018 BST

Chaarat Gold Holdings Ltd's (AIM: CGH) Dusty Nicol and Artem Volynets discuss with Proactive Investors the recent proposal they've made in relation to the potential acquisition of the Kumtor mine from Centerra Gold Inc (TSE:CG)

The mine currently produces around half a million ounces of gold a year, and is one of Kyrgyzstan’s biggest.

Since recording Chaarat's confirmed the proposal values Kumtor at US$800 million.

Separately, the company has also started drilling on its Tulkubash gold project, also in Kyrgyzstan, and a visual inspection of the core produced so far has indicated that mineralisation has already been intersected.

Chaarat Gold makes strong progress with Tulkubash open-pit project in the...

Chaarat Gold Holdings Ltd (AIM:CGH) chief financial officer David Mackenzie joined Proactive's Stephen Gunnion with an overview of the company's operations in the Kyrgyz Republic, where it is advancing two significant projects on the same license: Tulkubash and Kyzyltash. Tulkubash, an...

on 23/1/24