UPDATE 1-Centerra Mongolia mine still shut, but strike ends

* Strike ends at Boroo mine in Mongolia

* Mine still shut after license suspension by government

* Shares down 3.6 percent at C$5.94

TORONTO, June 17 (Reuters) - Centerra Gold (CG.TO) said on Wednesday that a strike at its Boroo gold mine in Mongolia has ended, although the operation will remain silent following last week's suspension of the mine's license by the Mongolian government.

The Toronto-based company, which is part-owned by Canadian uranium producer Cameco Corp, (CCO.TO), said that it settled the dispute on Tuesday after agreeing to provide permanent employees with enhanced future redundancy benefits.

"The company believes the settlement will not have a material impact on future cash costs," it said in a statement. The two sides have officially signed a settlement agreement as well as amendments to a collective agreement that was already in place.

Workers at the operation went on strike late last month demanding higher wages.

On June 12, authorities in the central Asian country suspended the operating license of the mine, citing issues related to record-keeping, incorrect land use, and improper operating procedures.

Centerra said it is working with the relevant government agencies to remove the suspension as soon as possible.

The mine had been expected to produce between 160,000 and 170,000 ounces of gold this year. Centerra's shares were down 22 Canadian cents at C$5.94 on the Toronto Stock Exchange on Wednesday morning.

($1=$1.14 Canadian) (Reporting by Cameron French; editing by Peter Galloway)