Two Centerra Gold employees missing at Kumtor Mine
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(Kitco News) - Centerra Gold (TSE:CG) said yesterday that two employees are missing after a significant rock movement at Kumtor Mine's Lysii waste rock dump.
Centerra said mine personnel were evacuated from the area, and the company declared an immediate cessation of mining operations. The mine is located in Kyrgyzstan.
"Two Kumtor employees who were working in the area did not report to the emergency gathering area and remain missing.
Centerra’s first priority at this time is to locate the missing employees through a search and rescue operation which began immediately and is ongoing in cooperation with the Kyrgyz Republic Ministry of Emergencies," said the company.
The company said open-pit mining operations have been temporarily halted and the mine plan is being re-evaluated. Any restart plans will depend upon the outcome of the search-and-rescue efforts.
The Kumtor mill will keep processing stockpiled ore. There is no change to the company's production outlook.
Centerra was down 18.49% today to $9.26 per share as of 11:33 a.m.