Gold – The chickens are coming home to roost for some major gold companies that are having to take significant hits on asset valuations.
Articles Tagged "Centerra Gold"
Gold – A recalibrated valuation model by GMP Securities shows that some gold companies can weather a gold price drop better than others.
Gold – Centerra Gold Inc. (TSX:CG) said on Saturday that road access was re-established and power restored to its Kumtor mine in Kyrgyzstan, following an operational suspension last week.
Gold – The gold market had some much-needed good news on Thursday, with the price rising $22 after Asian stock markets tanked.
A stronger dollar, helped by a decline in the number of Americans filing jobless claims, rising stocks markets and a breach of key chart levels, triggered heavy selling of US futures this week.
Gold – Nations that were formerly part of the USSR are largely overlooked, but not by everyone.
Gold – Mining Weekly reported that Kyrgyzstan has given Centerra Gold a deadline in three months to amend their deal for the Kumtor mine, accusing them of causing environmental damage and underpayment. As quoted in the market report:
Gold – Gold took a big hit mid-week when the US Federal Reserve suggested an end to quantitative easing, but the precious metal rallied on Thursday to regain some of the lost ground.
Tellurium – Centerra Gold Inc. (TSX:CG) made two announcements in regards to a parliamentary decree issued to its Kumtor mine along with the claim from the State Agency for Environmental Protection and Forestry, in the Kyrgyz Republic.
Gold – Centerra Gold Inc. (TSX:CG) released its year-end and fourth-quarter results for 2012, commenting that it recorded a net loss of $68 million, or $0.29 per share, during Q4. That's compared to net earnings of $79.4 million for the year-ago quarter.