Centerra Gold Inc. (Centerra) and Kumtor Operating Company have summed up the operating results of the 3rd quarter of 2012. During the period between July and September 2012 Kumtor produced 23,786 ounces1 or 739.8 kg of gold. During the first nine months of 2012, the Company produced 125,799 ounces or 3,913 kg of gold and contributed 4.3 billion soms in taxes and mandatory payments. Gold Production and Sales At the Kumtor mine, gold production was 23,786 ounces or approximately 740 kg in the third quarter of 2012. The decrease in gold production in the third quarter of 2012 compared to the same period of 2011 is the result of fewer tonnes milled with lower mill head grades (1.78 g/t versus 4.01 g/t) and lower recoveries (75.1% versus 80.2%). Total tonnes milled for the third quarter of 2012 were 0.58 million tonnes, a decrease of 59% compared to the same period of 2011, as very little ore was mined and the majority of the mill feed processed came from stockpiles. The mill was shut down for seven weeks and during the shutdown, planned and unplanned maintenance was performed. During the third quarter, the Company continued mine waste from cut-back 14B and […]