Mining

Centerra’s gold production beats guidance

For the full year, gold production was 824,059 ounces, which exceeded the upper end of guidance. This includes 556,136 ounces produced by the Kumtor mine, 161,855 ounces produced by the Mount Milligan mine and 106,068 ounces produced by the Öksüt mine.

Production costs are expected to fall within the annual guidance range of $410 to $460 per ounce, while all-in sustaining costs (AISC) on a byproduct basis are expected to be below the lower end of the annual guidance range of $740 to $790 per ounce.

Meanwhile, copper production reached 20.4 million pounds in the fourth quarter and 82.8 million pounds for the full year 2020, each within their respective guidance range.

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