Business
Centerra Gold Reports First Quarter Results; Net Earnings of $89.4 Million
Net Earnings of $89.4 million ($0.30 per common share) and Adjusted Net EarningsNG of $56.4 million ($0.19 per common share) All figures are in United States do
About this update from Centerra Gold Inc.
[{"type":"text","content":" Net Earnings of $89.4 million ($0.30 per common share) and Adjusted Net EarningsNG of $56.4 million ($0.19 per common share) All figures are in United States dollars and all production figures are on a 100%-basis and continuing operations basis, unless otherwise stated. This news release contains forward-looking information regarding Centerra Gold’s business and operations. See “Caution Regarding Forward-Looking Information” in Centerra Gold’s Management’s Discussion & Analysis for the three months ended March 31, 2022 (“MD&A”) included in this press release. All references in this document denoted with NG indicate a “specified financial measure” within the meaning of National Instrument 52-112 Non-GAAP and Other Financial Measures Disclosure of the Canadian Securities Administrators. None of these specified measures is a standardized financial measure under International Financial Reporting Standards (“IFRS”) and these measures might not be comparable to similar financial measures disclosed by other issuers. See “Non-GAAP and Other Financial Measures” in the MD&A included in this press release for a discussion of the specified financial measures used in this document and a reconciliation to the most directly comparable IFRS measure. TORONTO, May 04, 2022 (GLOBE NEWSWIRE) -- Centerra Gold Inc. (“Centerra” or the “Company”) (TSX: CG and NYSE: CGAU) today reported its first quarter of 2022 results. Significant financial and operating results of the first quarter ended March 31, 2022 included: Net earnings for the quarter of $89.4 million or $0.30 per common share (basic). Adjusted net earningsNG for the quarter of $56.4 million or $0.19 per common share (basic). Cash provided by operating activities for the quarter of $28.3 million. Free cash flowNG for the quarter of $9.1 million. Gold production for the quarter of 93,784 ounces. Copper production for the quarter of 20.6 million pounds. Gold production costs for the quarter of $497 per ounce. Copper production costs for the quarter of $1.68 per pound. All-in sustaining costs on a by-product basisNG for the quarter of $395 per ounce. All-in costs on a by-product basisNG for the quarter of $516 per ounce. Strong balance sheet with cash position at the quarter-end of $768.4 million. Centerra completed the acquisition of the Goldfield Project on February 28. The ADR plan...