Centers Gold resolves conflict by giving Kyrgyzstan the Kantor mine.

After nearly a year of litigation over the asset, Canberra Gold (TSX: CG) and the Kyrgyz Republic have achieved an out-of-court settlement in which the Canadian miner consents to give the government of the country sovereignty of its expropriated Kantor operation.

In accordance with the agreement, which was made public on national television by Kyrgyz President Satyr Japura, Centerra would transfer mine ownership to its fully owned company Kantor Gold and an affiliate to the state-owned refiner Kyrgyzstan OJSC.

According to Canberra’s statement, the business is also anticipated to pay Kyrgyzstan about $36 million, subject to the termination of all pending legal actions between the parties in all jurisdictions within 45 days of the deal’s date. Centers plans to retain about $25 million of the cash payout.