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Protest blocks road to Centerra Gold's Kumtor mine in Kyrgyz Republic

TORONTO – Centerra Gold Inc. (TSX:CG) said Tuesday that a road leading to its Kumtor mine in the Kyrgyz Republic has been blocked by a protest.

The company said the road block was interfering with the movement of supplies and personnel to and from the mine.

Mine operations were not affected and the company said it was working with the local authorities and government to resolve the situation.

Centerra said it expects the problem to be resolved, but warned it could not offer any guarantees.

If the road block takes too long to remove, Centerra’s ability to mine the ice and waste to maintain stable pit conditions, as well as manage the relocation of certain mine infrastructure, could be affected.

The protest could also affect gold production and its financial results.

The Toronto-based gold miner has mines in Asia and the former Soviet Union.

Shares in Centerra were up a penny at $4.02 after being temporarily halted on the Toronto Stock Exchange on Tuesday.