Centerra Gold slumps on bigger-than-expected Q1 loss

Centerra Gold

15/05/2023 15:34

** Shares of Canada's Centerra Gold Inc  CG.TO  fall 13.9%
to C$7.74, hitting a 10-week low
    ** CG reports Q1 adj. loss of 24 cents/shr vs analysts' avg.
est. of 7 cents/shr loss - Refinitiv
    ** Quarterly revenue falls 23% to $226.5 mln over the year
earlier
    ** Production costs rise 42% year-on-year due to
inflationary pressures and maintenance costs
    ** Stock up 10% YTD, accounting for session's losses

 (Reporting by Arshreet Singh)
 ((Twitter: https://twitter.com/Arshreets))