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Centerra Gold reports $60.6 million profit in Q3

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Centerra Gold,Profit,Q3

Centerra Gold Inc. announces a profit of $60.6 million in the third quarter, compared to a loss of $33.9 million in the previous year. Revenues for the quarter reached $343.9 million, up from $179 million in the same period last year. The company expects to generate significant free cash flow in the fourth quarter.

TORONTO — Centerra Gold Inc. says it earned US$60.6 million in the third quarter, up from a loss of $33.9 million a year earlier.

The Toronto-based company says revenues for the quarter ended Sept. 30 were US$343.9 million, up from US$179 million during the same quarter last year.The company reaffirmed its gold production guidance for the rest of the year. President and CEO Paul Tomory says the company expects to generate significant free cash flow in the fourth quarter.This report by The Canadian Press was first published Oct. 31, 2023.

 

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