BUZZ-Centerra Gold Inc: Kyrgyzstan actions threaten Kumtor rights

Mon Jun 6, 2016 11:21am EDT
 
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** Gold producer's shares fall as much as 4.3 pct at C$6.94 in morning trading - biggest intra-day percentage loss in a week

** Centerra says Kyrgyzstan's legal proceedings against the company over the Kumtor gold mine is continuing

** Centerra says government actions threaten its rights over its main asset

** RBC Capital Markets analyst Stephen Walker writes the recent developments again raise uncertainty

** Company, which has escalated the dispute to international arbitration, says also evaluating other options for responding to Kyrgyzstan courts and authorities

** Kyrgyzstan had long sought to renegotiate its agreement with Centerra and secure a bigger share of income, but said in December that talks had been halted

** Up to Friday's close, stock had risen about 10 pct this year