February 7, 2011 / 10:57 PM / 7 years ago

UPDATE 1-Centerra Gold resources rise in 2010

* Says proven, probable reserves up 24 percent

* Extends Kumtor mine life by 2-yrs

* Says measured and indicated resources up 18 pct

Feb 7 (Reuters) - Centerra Gold CG.TO said proven and probable gold reserves rose 24 percent in 2010 and extended the life of its Kumtor mine in Kyrgyzstan by two years.

Centerra’s proven and probable reserves increased 1.7 million ounces to about 9.1 million ounces of gold.

The company said measured and indicated resources rose 18 percent to 4.9 million ounces of contained gold.

The Toronto-based firm, which expects open-pit production at Kumtor to increase by about 500,000 ounces of gold in the next five years, said the mine life for the open pit was extended to 2021 from 2019.

Shares of the company closed at C$16.86 on Monday on the Toronto Stock Exchange. (Reporting by Aftab Ahmed in Bangalore; Editing by Joyjeet Das) (aftab.ahmed@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: aftab.ahmed.reuters.com@reuters.net))

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below