Centerra Gold Inc.'s fourth-quarter 2018 gold production totaled 288,367 ounces, with the Kumtor mine in Kyrgyzstan contributing 228,096 ounces and the Mount Milligan mine in British Columbia adding 60,271 ounces in the period.
The company achieved gold production of 729,556 ounces in 2018, exceeding its full-year production forecast of between 665,000 and 705,000 ounces.
In comparison, Centerra produced 216,752 ounces of gold in the fourth quarter of 2017 and 785,316 gold ounces for the full year.
The company's copper production at Mount Milligan reached 11.8 million pounds in the fourth quarter and 47.1 million pounds in 2018, achieving the upper end of its full-year guidance of between 40 million and 47 million pounds of copper.
Centerra booked copper production of 12.3 million pounds in the fourth quarter and 53.6 million pounds in full-year 2017.
Centerra said Jan. 15 that it expects to produce between 690,000 to 740,000 ounces of gold and between 65 million and 75 million pounds of payable copper in 2019.
The gold production forecast includes 535,000 to 565,000 ounces from Kumtor, with around 28% of the production expected to be in the fourth quarter of 2019, and 155,000 to 175,000 ounces from Mount Milligan.
The company estimated its consolidated all-in sustaining costs at between US$858/oz and US$ 920/oz of gold for 2019 on a byproduct basis, including taxes.
Capex for 2019, excluding capitalized stripping, are estimated at around US$275 million.