Creamer Media’s Mining Weekly: Centerra eyes 1Moz/y gold output by 2012

Centerra Gold, which operates the biggest gold mine in Central Asia, plans to boost production by 50% by around 2014 to just under one-million ounces yearly, CEO Steve Lang said in an interview on Friday. The TSX-listed company forecast output of between 640,000 to 660,000 oz this year from its Boroo operation in Mongolia and the Kumtor mine in the Kyrgyz Republic. At Boroo, the company is producing at around 50,000 oz/y using stockpiled ore, but Centerra wants to increase the mill’s output to between 150,000 oz/y and 200,000 oz/y by feeding it with ore from the Gatsuurt deposit 35 km away. To read the full article, click hereCenterra eyes 1Moz/y gold output by 2012

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