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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.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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