Kyrgyzstan Might Back Out of Centerra Gold Agreement in a Bid to Collect More Money

Reuters reported that Kyrgyzstan is considering backing out of its deal with Centerra Gold regarding the Kumtor Mine, in an effort to get more money from the gold miner.

As quoted in the market report:

The Kumtor mine, the largest gold deposit operated in central Asia by a western company, is vital for the politically wobbly and impoverished ex-Soviet state which has seen two presidents deposed by violent coups since 2005.

To view the whole Reuters report, click here. 

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Nexus Gold Corp.

Nexus Gold Corp. (TSXV:NXS) is currently drilling on the Walker Ridge Gold Project in Nevada - a multiple target, Carlin-type gold exploration property. They have recently submitted an expanded Plan to increase the current 8 pad plan to 29 drill pads.

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