Centerra said the drop was due mainly to higher current income tax expense related to the Öksüt Mine and a $72.3 million gain recognized on the sale of the company’s interest in the Greenstone Gold Mines Partnership.
Production for the period stood at 93,784 ounces of gold and 20.6 million pounds of copper. From the figure, Öksüt was responsible for 54,891 ounces, while Mount Milligan, in Canada, delivered 39,093 ounces of gold.
“While the ADR plant at the Öksüt mine remains currently on a shutdown, mining, crushing, stacking, and leaching activities continue according to plan up to the stage of loading gold onto carbon,” chief executive Scott Perry said in a conference call.
He noted the company continues to evaluate options to remediate the issue at the ADR plant and is looking at other ways to monetize gold in carbon material. Such alternative would provide a temporary solution until gold doré bar production at…
