Centerra 2020 production beats guidance
Canadian gold miner Centerra Gold has exceeded the upper end of its consolidated gold production guidance, with output of 824 059 oz in 2020.
The Kumtor mine, in Kyrgyzstan, produced 56 136 oz, the Mt Milligan mine, in Canada, produced 161 855 oz and the Öksüt mine, in Turkey, produced 106 068 oz.
During the last quarter, the TSX-listed company produced 172 446 oz of gold.
Centerra also reported copper production of 20.4-million pounds in the fourth quarter and 82.8-million pounds for the full year of 2020, each within guidance range.
In terms of production costs, the miner reported gold falling within the yearly guidance range of $410/oz to $460/oz. All-in sustaining costs on a by-product basis sold, however, are expected to be below the lower end of the yearly guidance range of $740/oz to $790/oz.
Centerra president and CEO Scott Perry commented that the company’s operations had strong operating performance and that Centerra’s newest mine – the Öksüt mine – exceeded its yearly gold production guidance.
Öksüt’s first gold pour was January 31, 2020 and it achieved commercial production on May 31, 2020.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation