Information  X 
Enter a valid email address

Chaarat Gold Hlgs Ld (CGH)

  Print   

Tuesday 05 April, 2022

Chaarat Gold Hlgs Ld

Resolution of Kumtor Mine Dispute

RNS Number : 2327H
Chaarat Gold Holdings Ltd
05 April 2022
 

05 April 2022

Chaarat Gold Holdings Limited

("Chaarat" or the "Company")

Resolution of Dispute between Kyrgyz Republic and Centerra Gold

 

Chaarat Gold (AIM:CGH), the AIM-quoted gold mining Company with an operating mine in Armenia, and assets at various stages of development in the Kyrgyz Republic,is pleased to note that the Government of the Kyrgyz Republic and Centerra Gold Inc.signed an agreement regarding a resolution of the dispute on the Kumtor Mine in the Kyrgyz Republic on 4th  April 2022 . 

 

 

Mike Fraser, Chief Executive Officer of Chaarat , commented:

" The agreement on the Kumtor dispute is a positive development and we are confident that a resolution will be beneficial for overall investor sentiment in the region. As we understand from several financing parties, this was one of the key preconditions for financing, and we are looking forward to reengaging with potential financial partners on our Tulkubash project.

 

Our projects in the Chatkal valley are an important value creation opportunity for the area and its communities. We believe that investments such as ours and the strong commitment by the Kyrgyz Government towards international investors will attract further investment to the country . In addition, this will also allow Chaarat to accelerate development of its Kyzyltash deposit which remains the Company's main strategic objective in Kyrgyzstan. "

 

 

Enquiries

 

 

 

Chaarat Gold Holdings Limited

+44 (0)20 7499 2612

Patrick Henze (VP Corp Dev & IR)

[email protected]

 

 

Canaccord Genuity Limited (NOMAD and Joint Broker)

+ 44 (0)20 7523 8000

Henry Fitzgerald-O'Connor

 

James Asensio

 

 

 

finnCap Limited (Joint Broker)

+44 (0)20 7220 0500

Christopher Raggett

 

 

 

Panmure Gordon (UK) Limited (Joint Broker)

+44 (0)20 7886 2500

John Prior

Hugh Rich

 

 

About Chaarat

Chaarat is a gold mining company which owns the Kapan operating mine in Armenia as well as Tulkubash and Kyzyltash Gold p rojects in the Kyrgyz Republic. The Company has a clear strategy to build a leading emerging markets gold company through organic growth and selective M&A.

 

Chaarat aims to create value for its shareholders, employees and communities from its high-quality gold and mineral deposits by building relationships based on trust and operating to the best environmental, social and employment standards. Further information is available at  www.chaarat.com .

 

 

ENDS

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DRLSSEEFLEESELL

a d v e r t i s e m e n t