Centerra Gold Inc. reports that its Kumtor operations received today extensions of its permits for emissions into the atmosphere and waste disposal into the tailings pond until December 31, 2015.
As previously reported, the Kyrgyz Republic State Agency of Environmental Protection and Forestry (SAEPF) continues to review Kumtor's annual mine plan. SAEPF has advised Kumtor that it is not necessary to suspend operations while it continues its review of Kumtor's annual mine plan.
Centerra and Kumtor expect to continue discussions with SAEPF to obtain the approval of the 2015 annual mine plan. However, there can be no assurances that such approval will be received. The absence of such approval could require a suspension of project operations, which would have a material adverse impact on Centerra's future cash flow, earnings, results of operation and financial condition.
Source: http://www.centerragold.com/