TD Fall Investing GuideTD Fall Investing Guide
Updated: Thu, 20 Feb 2014 00:03:45 GMT | By The Canadian Press, thecanadianpress.com

Centerra posts $106.6 million Q4 net earnings

TORONTO - Centerra Gold Inc. (TSX:CG) is reporting net earnings of $106.6 million, or 45 cents per share, in the fourth quarter.


TORONTO - Centerra Gold Inc. (TSX:CG) is reporting net earnings of $106.6 million, or 45 cents per share, in the fourth quarter.

That compares with a net loss of $70.7 million, or 30 cents a share, in the same quarter of 2012.

Revenues came in at $468.9 million, compared with $368.5 million a year ago.

For the year, Centerra posted net earnings of $157.7 million, or 67 cents per share, compared with a net loss of $143.7 million, or 61 cents a share, in 2012.

The company says there was increased production at its two operations, Kumtor and Boroo, but these were partially offset by 20 per cent lower realized gold prices in 2013.

Find the cheapest gas price near you!Find the cheapest gas price near you!
Scroll upScroll down

Recently recommended stories

advertisement