Toronto-listed Cameco says negotiations are proceeding for the financing of the Kumtor gold deposit in Kyrgyzstan.
The company holds a one-third interest and is project operator; the remainder is held by the Kyrgyzstan government.
The orebody is scheduled to start production by 1997 at an annual rate of 500,000 oz.
Cameco is confident the financing will be completed by the end of the first quarter of 1995, at which time it will disclose details of the arrangement.
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