Brief: Centerra Gold reports Q2 results

Centerra Gold

10/08/2022 11:09

Aug 10 (Reuters) - Centerra Gold Inc  CG.TO :
    * CENTERRA GOLD REPORTS SECOND QUARTER RESULTS
    * Q2 ADJUSTED LOSS PER SHARE $0.12
    * Q2 LOSS PER SHARE $0.01 INCLUDING ITEMS
    * GOLD PRODUCTION FOR QUARTER OF 42,728 OUNCES, SOLELY FROM
MOUNT
MILLIGAN MINE
    * COPPER PRODUCTION FOR QUARTER OF 17.4 MILLION POUNDS
    * GOLD ROOM OPERATIONS AT ADR PLANT AT ÖKSÜT MINE REMAIN
SUSPENDED
SINCE EARLY MARCH DUE TO MERCURY DETECTED IN GOLD ROOM
    * INITIATING SUSPENSION OF ÖKSÜT MINE'S STACKING AND
LEACHING
OPERATIONS ON AUGUST 10, 2022
    * ALL OF COMPANY'S PREVIOUSLY ISSUED 2023 GUIDANCE HAS BEEN
WITHDRAWN AND SHOULD NOT BE RELIED UPON
    * MOUNT MILLIGAN MINE 2022 GOLD AND COPPER PRODUCTION
REMAINS ON
TRACK
    * CENTERRA GOLD - ON MARCH 18, ANNOUNCED THAT IT HAD
SUSPENDED
GOLD DORÉ BAR PRODUCTION AT ÖKSÜT MINE DUE TO MERCURY DETECTED
IN GOLD ROOM AT ADR PLANT
    * AT THAT POINT, MINING, STOCKPILING, CRUSHING, STACKING AND
LEACHING ACTIVITIES CONTINUED AT ÖKSÜT MINE
    * CAPITAL COST OF MERCURY ABATEMENT RETROFIT IS EXPECTED TO
BE $5
MILLION
    * REVISED ITS CONSOLIDATED 2022 GOLD PRODUCTION TO BE
BETWEEN
245,000 AND 265,000 GOLD OUNCES
    * EXPECTS THAT REFINERY RETROFIT WILL BE COMPLETED IN LATE
2022
    * CONTINUES TO CONSIDER ALTERNATIVES TO MONETIZE
GOLD-IN-CARBON
INVENTORY PRIOR TO FULL RESTART OF GOLD ROOM AT ADR PLANT
    * CENTERRA GOLD - ON AUG 9, MET WITH MINISTRY OF ENVIRONMENT
WHICH
DID NOT APPROVE  REQUEST TO USE MORE ACTIVATED CARBON THAN
PERMITTED IN ÖKSÜT MINE'S EIA
    * EXPECTS TO SUBMIT NEW PROPOSED EIA APPLICATION FOR ÖKSÜT
MINE BY
END OF AUGUST

Source text for Eikon:  ID:nGNX8ytq4x 
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