Canadian mine conglomerates Cameco Corp. and Centerra Gold have watched their stock values slip following news that they will extract less gold than expected in Mongolia and Kyrgyzstan in 2007. 

Indeed, company officials have said they now anticipate mining one-third less gold than previously announced. Centerra had earlier said they expected to extract up to 720,000 ounces of gold from the two mines in 2007. 

However, up-to-date estimates have been reduced to mining a maximum of 560,000 ounces of gold this year. 

Centerra operates the Boroo mine in Mongolia and Kumtor site in Kyrgyzstan. 

Company officials explain the cause of the shortfall is due to additional work to extend mine areas which requires the removal of more waste than previously expected.

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