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Centerra Gold reports $13.8 million second quarter earnings

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Centerra Gold reports $13.8 million second quarter earnings

Friday, 01 August 2008

Centerra Gold Inc. (TSX: CG) reported second quarter earnings on Thursday of $13.8 million, or $0.06 per common shares.

Centerra's consolidated gold production for the second quarter of 2008 totaled 158,303 ounces, at a total cash cost of $553 per ounce compared to 153,414 ounces at a total cash cost of $349 per ounce in the corresponding quarter of 2007.

Cash provided by operations was $10.6 million compared to $7.4 million in the second quarter of 2007, according to reports filed by the company.

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