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Shareholders in Centerra Gold (TSX:CG) have expressed dismay that the company – owner of the flagship Kumtor mine in the Kyrgyz Republic - dismissed a C$2 billion (US$1.5 billion) takeover bid by UK predator Chaarat Gold Holdings (AIM:CGH).
Kumtor mine in Kazakhstan
"They didn't engage or seek contact with us after they received our offer-letter dated September 18," Artem Volynets, CEO of London-quoted Chaarat told Mining Journal.
Gold Royalty has extended offer to May 12
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