Centerra Gold

Centerra Gold shares slump on weak earnings

Centerra Gold Inc. (CG.TO) shares fell 6% today after the company reported a net loss of US$14 million or six cents per share compared with a profit of US$136 million or 58 cents per share a year ago.

Centerra Gold Updates Reserves and Resources Total Gold Reserves 8.1 million Contained Ounces

Centerra Gold Inc. (TSX:CG) today issued updated estimates for the Company's reserves and resources based on its successful 2011 exploration program.

TORONTO, ONTARIO–(Marketwire – Feb. 9, 2012) –

Centerra Gold Reports 2011 Gold Production of 642,380 Ounces and Provides 2012 Guidance

Centerra Gold Inc. CA:CG -2.62% announced today that its 2011 consolidated gold production totalled 642,380 ounces, which includes 583,156 ounces of gold from the Kumtor mine and 59,224 ounces of gold from the Boroo mine.

Centerra Gold projects $5 billion in revenue from Kumtor open pit mine

Using a gold price of $1,000 per ounce, the Kumtor open-pit LOM plan has been used to project the net cash flow for the open pit operations for the period of January 1, 2011 to 2021.

Total gross revenue from the sale of gold and minor silver credits are estimated to be nearly $5.0 billion while direct operating costs are estimated to be $1.9 billion or $385 per recovered ounce of gold produced.

Centerra reports 7.3mn ozs of gold reserves, Kumtor mine life extended

But, the group says its Boroo mine in Mongolia is nearing the end of its mine life and is expected to cease mining by year-end

Kumtor Gold Operate VDV Leaky Feeder Mine Radio in Kyrgyzstan

Centerra Gold’s have been operating a VDV leaky feeder radio system, at their fast expanding Kumtor Gold Mine in Kyrgyzstan, and are now extending it as the mine grows…more at Mine Site Technologies