Centerra Gold Inc. (TSX: CG) reports fourth quarter and annual production exceeding the upper end of its consolidated 2020 annual gold production guidance.
2020 Fourth Quarter and Annual Highlights
The Company is planning an earnings conference call and webcast for February 24, 2021 at 9:00 am Eastern Time to discuss 2020 financial and operational results.
Scott Perry, President and Chief Executive Officer of Centerra stated, “In 2020, our operations had strong operating performance and the Company exceeded its consolidated gold production guidance, delivering more than 824,000 ounces of gold for the year. Of note, is the performance at our newest mine, the Öksüt Mine, which exceeded its annual gold production guidance. Öksüt’s first gold pour was January 31, 2020 and achieved commercial production on May 31, 2020. Given our actual gold production, our all-in sustaining costs per ounce soldNG is expected to be below the lower end of our 2020 guidance range.”
Centerra Gold Inc. is a Canadian-based gold mining company focused on operating, developing, exploring, and acquiring gold properties in North America, Asia, and other markets worldwide and is one of the largest Western-based gold producers in Central Asia. Centerra operates three mines, the Kumtor Mine in the Kyrgyz Republic, the Mount Milligan Mine in British Columbia, Canada and the Öksüt Mine in Turkey. Centerra’s shares trade on the Toronto Stock Exchange. The Company is based in Toronto, Ontario, Canada.
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