Mineweb: Centerra Gold achieves $1 billion revenue milestone in 2011

Centerra Gold Thursday reported 2011 gold production was within the company’s guidance at 642,380 ounces, but dropped 5% from the 678,941 ounces mined in 2010. The decrease was attributed to lower production at Boroo, which plunged 47% “as a result of lower head grades and recoveries processed through the mill. Mining ceased at Boroo last year, but resumed in January 2012. Consolidated gold production for the fourth-quarter of 2011 totaled 151,562 ounces at a total cash cost of $603/oz, down from 249,866 ounces at a total cash cost of $308 per ounce in the same quarter of 2010. To read the full article, click hereCenterra Gold achieves $1 billion revenue milestone in 2011

This entry was posted in Mongolia News. Bookmark the permalink.

Comments are closed.