| Centerra Gold posts fourth-quarter loss on impairment charge | |
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Feb 19 (Reuters) - Centerra Gold Inc reported a loss for the fourth quarter as the miner took a goodwill impairment charge due to a fall in reserves and resources at its Kumtor mine. The Toronto-based company reported a net loss of $11.3 million, or 5 cents per share, compared with a profit of $106.6 million, or 44 cents, a year earlier. The loss includes a non-cash impairment charge of $111 million, or 47 cents per share, for goodwill related to its Kyrgyz cash generating unit (CGU), Centerra said. (Reporting by Nicole Mordant in Vancouver and Supriya Kurane in Bengaluru; Editing by Gopakumar Warrier)
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VanEck Vectors Global Alternative Energy ETF
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PRODUCER |
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CODE : CG.TO |
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ISIN : CA1520061021 |
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Centerra Gold is a gold and copper producing company based in Canada. Centerra Gold holds various exploration projects in Russia. Its main assets in production are KUMTOR in Kyrgyzstan and BOROO in Mongolia, its main asset in development is GATSUURT in Mongolia and its main exploration properties are AKARCA in Turkey and REN and KARA BELDYR in Russia. Centerra Gold is listed in Canada and in Germany. Its market capitalisation is 392.3 millions as of today (US$ 281.2 millions, € 264.9 millions). Its stock quote reached its lowest recent point on October 24, 2008 at 0.79, and its highest recent level on April 21, 2023 at 9.99. Centerra Gold has 47 442 200 shares outstanding. |