trending Market Intelligence /marketintelligence/en/news-insights/trending/WTqUhvY7j20ZTg6FUIOBBQ2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Centerra raises FY'17 gold production guidance on bumper Q2 output

Essential Metals & Mining Insights - August 2020

State of the Market: Mining Q2-2020

Report Outlooks of Lithium and Cobalt

Essential Metals & Mining Insights July 2020


Centerra raises FY'17 gold production guidance on bumper Q2 output

Centerra Gold Inc. is now expecting higher production for the full year after boosting output in the second quarter due to higher grades from its Kumtor mine in Kyrgyzstan.

The Toronto-based producer said July 31 that it has lifted its full-year guidance to between 785,000 and 845,000 ounces from between 715,000 and 795,000 ounces previously.

Second-quarter gold production from the Kumtor mine was 42% higher year over year at 138,623 ounces, which took total gold production for the quarter to 195,719 ounces from 97,724 ounces in the second quarter of 2016.

Total gold sales climbed 47% during the quarter to 188,225 ounces compared to a year earlier.

Meanwhile, second-quarter copper production and sales from the Mount Milligan mine in British Columbia totaled 15.1 million pounds and 14.4 million pounds, respectively.

Net earnings jumped 715% to US$23.4 million, or 8 cents per share, after earnings from operations spiked to US$24.2 million from US$1.3 million in the second quarter of 2016.

Revenue rose 74% year over year to US$279.2 million during the quarter.

Centerra has also revised its all-in sustaining cost guidance down to between US$693 and US$747 per ounce sold due to forecast lower costs at the Kumtor operation.