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BRIEF-Centerra Gold Inc Qtrly loss per share of $0.01

Published 2016-02-24, 06:12 p/m
© Reuters.  BRIEF-Centerra Gold Inc Qtrly loss per share of $0.01
CG
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Feb 24 (Reuters) - Centerra Gold Inc CG.TO :
* Qtrly loss per share of $0.01
* Q4 shr loss $0.01
* Q4 shr view $0.04 -- thomson reuters i/b/e/s
* Says q4 revenue $148.3 mln vs. $360.1 mln last
year
* Says gold production for the fourth quarter of 2015 decreased 56% to 133,664 ounces
* 2016 gold production is expected to be between 480,000 to 530,000 ounces
* All of centerra's 2016 production is expected to come from the Kumtor mine
* Centerra's projected capital expenditures for 2016, excluding capitalized stripping, are estimated to be $269 million
* Kumtor will continue to work with the applicable Kyrgyz regulatory authorities to obtain the necessary permits and approvals
* Has been in discussions with government of Mongolia to determine the economic terms of the future development of the gatsuurt project
* Significant number of artisanal (illegal) miners continue to enter the gatsuurt license area and engage in artisanal mining
* Has advised appropriate mongolian federal and aimag governments of the issues relating to the activities of artisanal miners

* Source text for Eikon ID:nMKWZpDJ0a

* Further company coverage CG.TO

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