Last C$6.43 CAD
Change Today +0.17 / 2.72%
Volume 865.9K
CG On Other Exchanges
Symbol
Exchange
Toronto
OTC US
Stuttgart
As of 4:18 PM 08/22/14 All times are local (Market data is delayed by at least 15 minutes).

centerra gold inc (CG) Snapshot

Open
C$6.26
Previous Close
C$6.26
Day High
C$6.52
Day Low
C$6.26
52 Week High
08/27/13 - C$7.20
52 Week Low
11/21/13 - C$2.82
Market Cap
1.5B
Average Volume 10 Days
552.5K
EPS TTM
C$0.30
Shares Outstanding
236.4M
EX-Date
08/12/14
P/E TM
19.6x
Dividend
C$0.16
Dividend Yield
2.49%
Current Stock Chart for CENTERRA GOLD INC (CG)

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centerra gold inc (CG) Details

Centerra Gold Inc., a gold mining and exploration company, engages in the acquisition, exploration, development, and operation of gold properties in Asia, the former Soviet Union, and internationally. It holds 100% interests in two producing gold mines, including the Kumtor mine in the Kyrgyz Republic; and the Boroo mine in Mongolia, as well as a 100% interest in the development property consisting of the Gatsuurt exploration property in Mongolia. The company also has interests in various exploration properties comprising the Öksüt project in Turkey; the ATO and Ulaan Bulag properties in Mongolia; and the Kara Beldyr and Dvoinoy properties in Russia. Centerra Gold Inc. was founded in 1992 and is headquartered in Toronto, Canada.

Founded in 1992

centerra gold inc (CG) Top Compensated Officers

Chief Executive Officer, President and Non-In...
Total Annual Compensation: C$637.5K
Chief Financial Officer and Vice President
Total Annual Compensation: C$442.9K
Chief Operating Officer and Vice President
Total Annual Compensation: C$420.0K
General Counsel and Corporate Secretary
Total Annual Compensation: C$435.2K
Vice President of Business Development
Total Annual Compensation: C$341.8K
Compensation as of Fiscal Year 2013.

centerra gold inc (CG) Key Developments

Centerra Gold Inc. Announces Unaudited Consolidated Earnings and Operating Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Production Guidance for the Year 2014

Centerra Gold Inc. announced unaudited consolidated earnings and operating results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported revenue from gold sales of USD 119,473,000, loss from operations of USD 29,038,000, loss before income taxes of USD 30,968,000 and net loss and comprehensive loss of USD 31,693,000 or USD 0.13 per basic and diluted share as compared to revenue from gold sales of USD 128,229,000, earnings from operations of USD 8,612,000, earnings before income taxes of USD 4,526,000 and net income and comprehensive income of USD 1,552,000 or USD 0.01 per basic and diluted share for the same period prior year. Cash provided by operating activities was USD 71,396,000 as compared to USD 40,899,000 for the same period prior year. Additions to property, plant and equipment amounted to USD 83,331,000 as compared to USD 86,246,000 for the same period prior year. Capital expenditures amounted to USD 111.5 million as compared to USD 105.5 million for the same period prior year. Revenue for the second quarter of 2014 was decreased from the comparative quarter of 2013, primarily from a 7% lower average realized gold price in the second quarter of USD 1,285 per ounce compared to USD 1,376 per ounce in the same quarter of 2013. Cash provided by operations was increases compared to last year same period as a result of a reduction in working capital levels, partially offset by lower earnings in the second quarter of 2014. For the six months, the company reported revenue from gold sales of USD 267,494,000, loss from operations of USD 25,242,000, loss before income taxes of USD 28,355,000 and net loss and comprehensive loss of USD 29,632,000 or USD 0.13 per basic and diluted share as compared to revenue from gold sales of USD 320,480,000, earnings from operations of USD 67,416,000, earnings before income taxes of USD 60,794,000 and net earnings and comprehensive earnings of USD 52,904,000 or USD 0.22 per basic and diluted share for the same period prior year. Cash provided by operating activities was USD 173,362,000 as compared to USD 132,846,000 for the same period prior year. Additions to property, plant and equipment amounted to USD 156,057,000 as compared to USD 159,919,000 for the same period prior year. Capital expenditures amounted to USD 210.4 million as compared to USD 209.4 million for the same period prior year. The decrease in earnings reflects lower realized gold prices, higher share-based compensation and increased DD&A and an inventory impairment charge at Kumtor. For the quarter, the company’s gold production was 92,124 ounces against 99,426 ounces a year ago. The decrease in ounces poured reflects lower production at the Boroo mine due to unscheduled mill downtime, the processing of lower grade ore and lower ounces under primary leach at Boroo. For the six months, the company’s gold production was 208,794 ounces against 214,646 ounces a year ago. For the year 2014, the company’s consolidated gold production is expected to be 595,000 ounces to 645,000 ounces.

Centerra Gold Inc. Announces Quarterly Dividend, Payable on August 28, 2014

Centerra Gold Inc. announced its Board of Directors has authorized a dividend of CAD 0.04 per common share (total dividend approximately USD 8.7 million at the current exchange rate). The dividend of CAD 0.04 per common share is payable on August 28, 2014 to shareholders of record on August 14, 2014. The ex-dividend date will be August 12, 2014.

Centerra Gold Inc. to Report Q2, 2014 Results on Jul 29, 2014

Centerra Gold Inc. announced that they will report Q2, 2014 results After-Market on Jul 29, 2014

 

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CG

Industry Average

Valuation CG Industry Range
Price/Earnings 18.5x
Price/Sales 1.6x
Price/Book 1.0x
Price/Cash Flow 18.5x
TEV/Sales 0.9x
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