Centerra Gold meldet Ergebnisse für Q3/18
2018 third quarter highlights:
- Increased company-wide gold production guidance range for 2018 to 665,000 to 705,000 ounces (from 625,000 to 695,000) reflecting increased gold production guidance at Kumtor of 490,000 to 510,000 ounces (from 450,000 to 500,000);
- Lowered all-in sustaining costs on a byproduct basis per ounce sold company-wide range to $782 to $829 (from $812 to $903) which reflects lower cost guidance at both Kumtor and Mount Milligan; capital spending lowered to $217-million (from $237-million), reflecting lower spending at the Oksut project and at Kumtor;
- Produced a total of 181,243 ounces of gold, including 122,445 ounces at Kumtor and 58,798 ounces at Mount Milligan; Kumtor accessed and processed high-grade ore ahead of plan;
- Sold a total of 166,716 ounces of gold in the quarter, including 119,521 ounces at Kumtor and 47,195 ounces at Mount Milligan;
- Produced 12.7 million pounds of copper during the period and sold 13.6 million pounds of copper at Mount Milligan;
- Company-wide all-in sustaining costs on a byproduct basis per ounce sold of $698, excluding revenue-based tax in the Kyrgyz Republic and income tax;
- Progressed construction of the Oksut project, substantially completing main road access and site preparation and advancing site infrastructure preparation; Oksut project remains on budget and on schedule;
- Completed the sale of the company's Mongolian business unit on Oct. 11, 2018, for net proceeds of $35-million;
- Extended long-stop date in connection with the strategic agreement with the government of the Kyrgyz Republic to Jan. 31, 2019;
- Gold and copper mineralization identified at depth and to the west of Mount Milligan's existing pit design;
- Cash provided by operating activities before changes in working capital of $67.1-million;
- Cash, cash equivalents, restricted cash and short-term investments at Sept. 30, 2018, of $222-million.
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