Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Canada
  4. Toronto Stock Exchange
  5. Centerra Gold Inc.
  6. News
  7. Summary
    CG   CA1520061021

CENTERRA GOLD INC.

(CG)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Centerra Gold : Kyrgyzstan court fines Centerra Gold mining venture $3.1 billion

05/08/2021 | 10:56am EDT

BISHKEK, May 8 (Reuters) - A court in Kyrgyzstan on Saturday imposed a $3.1 billion fine on Kumtor Gold Company, which operates the nation's biggest gold mine, after ruling that the Canadian-owned firm had violated environmental laws.

The district court decision came just a day after Kyrgyzstan's parliament passed a law allowing the state to temporarily take over a company if its activities pose a danger to human lives or the environment.

Kumtor, which is owned by Canada's Centerra Gold, was found by the court to have breached environmental laws by placing waste rock on glaciers.

The company, which has called the charges "entirely meritless", was fined 261.7 billion som, equivalent to $3.1 billion.

Centerra Gold shares plunged on Friday after parliament passed the company takeover law, as the mining firm warned that the legislation could affect its ownership of the Kumtor mine.

Kyrgyzstan has a long history of disputes with Centerra Gold over how to share profits from the former Soviet republic's biggest industrial enterprise.

The latest stand-off began shortly after Sadyr Japarov came to power in Bishkek following violent riots last October.

Japarov once campaigned for the nationalisation of the mine and set up a special commission to look into its activities once he became president.

($1 = 84.77 Kyrgyz som) (Reporting by Olga Dzyubenko; Writing by Olzhas Auyezov; Editing by Helen Popper)


© Reuters 2021
All news about CENTERRA GOLD INC.
06/14MARKET CHATTER : Centerra May Hesitate to Return to Kyrgyzstan After Kumtor Seiz..
MT
06/02CENTERRA GOLD  : RBC Says Assuming Coverage of Centerra Gold
MT
06/02CENTERRA GOLD  : RBC Analyst Assumes Coverage of Centerra Gold With Outperform-S..
MT
06/01Materials Up As Gains In Metals Prices Seen Continuing -- Materials Roundup
DJ
06/01Giant gold mine seized by Kyrgyz government
RE
06/01CENTERRA GOLD  : Kumtor subsidiaries file for Chapter 11 bankruptcy protection i..
AQ
06/01CENTERRA GOLD/KYRGYZ REPUBLIC WEBCAS : Centerra May Consider Potential Sale of K..
MT
06/01CENTERRA GOLD/KYRGYZ REPUBLIC WEBCAS : Proceedings Seek to Potentially Strip Kum..
MT
06/01CENTERRA GOLD/KYRGYZ REPUBLIC WEBCAS : Strategic Review Will Include Evaluation ..
MT
06/01CENTERRA GOLD/KYRGYZ REPUBLIC WEBCAS : Centerra is Not Party to, or Affected, by..
MT
More news
Financials (USD)
Sales 2021 1 099 M - -
Net income 2021 208 M - -
Net Debt 2021 - - -
P/E ratio 2021 6,07x
Yield 2021 2,22%
Capitalization 2 276 M 2 276 M -
Capi. / Sales 2021 2,07x
Capi. / Sales 2022 2,08x
Nbr of Employees 3 650
Free-Float 73,8%
Chart CENTERRA GOLD INC.
Duration : Period :
Centerra Gold Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends CENTERRA GOLD INC.
Short TermMid-TermLong Term
TrendsBullishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 10
Average target price 8,69 $
Last Close Price 7,67 $
Spread / Highest target 41,0%
Spread / Average Target 13,3%
Spread / Lowest Target -2,78%
EPS Revisions
Managers and Directors
NameTitle
Scott Graeme Perry President, Chief Executive Officer & Director
Darren J. Millman Chief Financial Officer & Vice President
Michael S. Parrett Chairman
Daniel R. Desjardins Chief Operating Officer & Vice President
Sheryl K. Pressler Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
CENTERRA GOLD INC.-35.07%2 276
NEWMONT CORPORATION4.56%50 263
BARRICK GOLD CORPORATION-11.07%36 765
POLYUS-5.46%26 895
WHEATON PRECIOUS METALS CORP.2.14%19 591
NEWCREST MINING LIMITED0.70%15 849