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Posted on: May 2, 2018, 9:31 p.m.
Chaarat Gold Holdings (LON:CGH) disclosed Tuesday its unsolicited bid for Centerra Gold’s (TSX:CG) Kumtor mine in Kyrgyzstan valued the operation, the Asian country’s largest gold mine, at $800 million (about Cdn $1.025 billion at today’s exchange rate). The miner, which is developing the Chaarat project in Kyrgyzstan, said the proposed acquisition of Kumtor included $400 million in cash plus the cancellation of the $400 million of Centerra shares currently held by state miner Kyrgyzaltyn in exchange for a 50% direct ... Full investment news article