PRECIOUS METALS

Centerra's Kumtor to resume as miners remain missing

Search called off

Staff reporter

This article is 6 years old. Images might not display.

Mining was halted in December when two employees were reported missing after a massive rockslide at the Lysii waste rock dump.
 
Centerra said there was no sign of the pair after six weeks and the decision was made to stop the search effort, with the consent of the families and relevant Kyrgyz state agencies.

"Our thoughts, condolences and prayers are with our employees, families and our deepest appreciation is to all those involved in the search efforts," the company said.

It said the relevant state agencies had approved the company's 2020 mine development plan for the Central Pit development, including the revised waste dumping plan and special safety measures to place material in the Central Valley and Sarytor waste rock dumps.

"In addition, Kumtor is continuing its own internal review and cooperating with Kyrgyz authorities' inquiries in relation to the Lysii waste rock dump," Centerra said.

It was expecting openpit operations to be in full production early next week and the mill continued to process stockpiled ore as planned for 2020.

Centerra's share price doubled from C$6.27 a year ago to $13 in October after reaching a long-awaited strategic agreement with Kyrgyz over Kumtor but fell as problems at its Mount Milligan mine in Canada weighed on third-quarter results.  

It gained 3.7% to $9.87 yesterday to capitalise the company about $2.9 billion (US$2.2 billion).

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

editions

Investor Sentiment Insights 2026

Discover what investors have planned for mining in 2026 in our industry-leading survey

editions

World Risk Insights 2025 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 120 jurisdictions globally, assessed across six risk categories and an industrywide survey.

editions

ESG Index 2025: Benchmarking the Future of Sustainable Mining

The ESG Index provides an in-depth evaluation of the ESG performance of 60+ of the world’s largest mining companies. It assesses companies across 10 weighted indicators within 6 essential ESG pillars.

editions

Leadership Insights 2025

Leadership Insights reveals key trends in priority mining issues through interviews with 15+ top mining company executives and an industrywide survey.