Chaarat Gold Holdings Ltd Resolution of Kumtor Mine Dispute (2327H)
05 April 2022 - 4:01PM
UK Regulatory
TIDMCGH
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
+44 (0)20 7499
Chaarat Gold Holdings Limited 2612
Patrick Henze (VP Corp Dev & IR) IR@chaarat.com
Canaccord Genuity Limited (NOMAD and + 44 (0)20 7523
Joint Broker) 8000
Henry Fitzgerald-O'Connor
James Asensio
+44 (0)20 7220
finnCap Limited (Joint Broker) 0500
Christopher Raggett
+44 (0)20 7886
Panmure Gordon (UK) Limited (Joint Broker) 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
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