Centerra Gold Inc - CG.t

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June 23, 2012 - 3:59pm
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Centerra Gold Inc - CG.t

http://pennystockjournal.blogspot.ca/2012/06/centerra-gold-inc-cgt.html

Pages%2Bfrom%2Bvisorcap-june-2012.jpg Centerra Gold Inc - CG.t operates 2 producing mines, Kumtor in the Kyrgyz Republic and the Boroo mine in Mongolia.

The company produced 642,380 ounces in 2011 and 72,555 ounces at a total cash cost of $985 per ounce in Q1. Proven and probable reserves are 8.1 million ounces of contained gold.

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Q1 numbers pointing out major production problems and Co was body slammed by the prospects of losing it's mining license on its flagship Boroo mine for environmental degradation charges.

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