September 6, 2017 / 4:08 PM / 2 months ago

BRIEF-Centerra Gold in advanced settlement talks with Kyrgyz Government

Sept 6 (Reuters) - Centerra Gold Inc

* Says Centerra Gold provides update on discussions with the Kyrgyz Government

* Says confirms that its discussions with Kyrgyz​ Government regarding a settlement have reached an advanced stage

* Says Unit to make payment of $57 million to new government administered Nature Development Fund, Cancer Care Support Fund​ per terms of proposed settlement ​

* Says aware of reports in Kyrgyz Republic describing statements made by Government to parliamentary committee which included terms of proposed settlement

* Says terms of proposed settlement include comprehensive settlement of all outstanding disputes & court & other proceedings affecting Kumtor Project​

* Says ‍inability to resolve all matters could lead to suspension of operations of Kumtor Project​

* Says ‍inability to resolve matters related Kumtor Project would have material adverse impact on future cash flows, earnings, results of operations

* ‍Says KGC would consider, together with government, potential investment options in Kyrgyz Republic & at Kumtor Project​ as per terms of proposed settlement Source text for Eikon: Further company coverage:

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