Centerra has agreed to paying higher corporate taxes to the Mongolian government in exchange for continuing rights to mine the Boroo gold deposits. 

"We believe that we're now firmly on track," Centerra official Len Homeniuk told the Denver Gold Forum. 

"We have given a little bit up ... nevertheless, to have this stable environment going forward is very gratifying. It's allowed us to sleep at night and to focus on what we should be doing, which is mining and exploring and growing our company," Homeniuk said. 

"We're optimistic that at the end of the year we'll come up with a new revised mine plan and guidance for 2008 that will be better than we expected, making our current estimates somewhat conservative," he said.

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