Source: miningweekly.com                      Date: 10 November, 2010

Centerra Gold reported net income of USD17.7 million for the third quarter, down from USD20.2 million a year ago, after gold production declined year-on-year. The net earnings figure also included a USD34.9 million gain on the sale of an asset. Revenue declined to USD115.5 million, compared with USD158.8 million in the third quarter of 2009.

Centerra, which produces gold from the Kumtor mine in Kyrgyzstan and the Boroo operation in Mongolia, said that gold production of 96,308 oz was in line with guidance, and the firm has maintained its annual production forecast of 640,000 oz to 700,000 oz in 2010.