For thousands of other reports visit RSC's Mineral Intellingence Map
Centerra Gold Inc.
Summary
| Project: | Kumtor | |
|---|---|---|
| Deposit: | Kumtor | |
| Location: | Kyrgyzstan | |
| Commodities: | Gold | |
| Date: | 7/30/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 30-7-2019: Centerra Gold Inc. announces an Exploration/Drilling Update report for its Kumtor deposit at the Kumtor project. Drilling results incl. 67.5m @ 8.32g/t Au from 322.5m. Toronto, Canada, July 30, 2019: Centerra Gold Inc. (“Centerra”) (TSX: CG) to | |
| Resources: | ||
| CP/QP: | [Overall Report]: Boris Kotlyar (Internal) | |
| ABSTRACT: | Toronto, Canada, July 30, 2019: Centerra Gold Inc. (“Centerra”) (TSX: CG) today reported second quarter 2019 net earnings and adjusted earningsNG of $33.4 million ($0.11 per common share (basic)), compared to net earnings of $43.5 million ($0.15 per common share (basic)) and adjusted earningsNG of $1.0 million (nil per common share (basic)) in the same period of 2018, after adjusting for gains recognized on the sale the Company’s Mongolian operations and sale of a royalty portfolio in 2018. The Company generated cash from operations of $91.0 million and $30.7 million of free cash flowNG compared to cash from operations of $68.1 million and free cash flowNG of $(4.7) million in the second quarter of 2018. Exploration activities in the second quarter of 2019 included drilling, surface sampling, geological mapping and geophysical surveying at the Company’s various projects targeting gold and copper mineralization in Turkey, Canada, Mexico, Sweden, Finland and Burkina Faso. Exploration expenditures totaled $6.3 million in the second quarter of 2019 compared to $4.8 million in the same quarter of 2018. The Company’s 2019 exploration program is primarily focused on brownfield exploration at Kumtor, Mount Milligan, Öksüt and Kemess. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report