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

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.

Quick facts: Chaarat Gold Holdings Ltd

Price: 34.2 GBX

AIM:CGH
Market: AIM
Market Cap: £155.86 m
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