Sept 11 (Reuters) - Centerra Gold Inc CG.TO said on Monday it reached an agreement with Kyrgyzstan over the Kumtor gold mine, ending a dispute with the Central Asian country on profit sharing at the Canadian company's biggest mine.
The agreement terminates a court order which, among other things, restricted the ability of Centerra's Kyrgyz unit to transfer cash to Centerra, the company said.
Under the deal, the Canadian miner will make a onetime payment of $50 million to a new, government-run nature development, alongside annual payments of $2.7 million.
Centerra will also pay $7 million to a cancer care support fund and a further $3 million one year after the deal closes.
The agreement comes less than a week after Centerra reached a proposed settlement with the Kyrgyz Republic on similar terms. Centerra is the biggest foreign investor and taxpayer in Kyrgyzstan, contributing up to 10 percent of the impoverished nation's gross domestic product. The state owns a 26.6 percent stake in Centerra.