Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

BRIEF-Centerra Gold Reports Q4 Earnings Per Share Of $0.45

Published 2018-02-23, 07:26 a/m
Updated 2018-02-23, 07:30 a/m
© Reuters.  BRIEF-Centerra Gold Reports Q4 Earnings Per Share Of $0.45

Feb 23 (Reuters) - Centerra Gold Inc CG.TO :

* CENTERRA GOLD ACHIEVES 2017 CONSOLIDATED GOLD PRODUCTION GUIDANCE, BEATS COST GUIDANCE, RECORDS $210 MILLION NET EARNINGS AND GENERATES $234 MILLION FREE CASH FLOW(NG) AND PROVIDES 2018 OUTLOOK

* Q4 EARNINGS PER SHARE $0.45

* Q4 REVENUE $358.2 MILLION

* CENTERRA GOLD - CAPEX FOR 2018 IS ESTIMATED TO BE $242 MILLION WHICH INCLUDES $100 MILLION OF SUSTAINING CAPITAL(NG) AND $142 MILLION OF GROWTH CAPITAL(NG) SPENDING

* Q4 2017 RESULT INCLUDES A TAX BENEFIT OF $21.3 MILLION AS A RESULT OF A CHANGE IN TAX LEGISLATION ENACTED IN U.S.

* CO EXPECTS TO BE IN A POSITION TO DRAW ON OMAS FACILITY IN Q2 OF 2018

* EXCLUDING U.S. TAX LEGISLATION BENEFIT ADJUSTED EARNINGS IN Q4 OF 2017 WERE $0.37 PER BASIC COMMON SHARE

* FOR 2018, ESTIMATING CONSOLIDATED GOLD PRODUCTION TO BE IN RANGE OF 645,000 TO 715,000 OUNCES

* CENTERRA GOLD - PROJECTED CONSOLIDATED AISC PER OUNCE SOLD (NG) ON A BY-PRODUCT BASIS FOR 2018 EXPECTED TO BE $799 TO $885 PER OUNCE

* Q4 EARNINGS PER SHARE VIEW $0.32 -- THOMSON REUTERS I/B/E/S

* QTRLY DILUTED EARNINGS PER COMMON SHARE $0.43

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.