Centerra Gold Inc. (TSX: T.CG, Stock Forum) said Thursday that the national grid power supply to its Kumtor mine in the Kyrgyz Republic has been disrupted by local protestors.
The mine has begun an orderly shutdown of the milling facility, using back-up diesel-generated power, said Centerra in a press release.
The announcement came after trading in Centerra shares was halted Thursday. When trading resumed, the stock was fell 9% to $4.33, leaving the company with a market cap of $1 billion, based on 236.4 million shares outstanding. The 52-week range is $13.28 and $3.30.