Centerra first-quarter earnings drop on weaker bullion

Tue May 6, 2014 6:11pm EDT
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May 6 (Reuters) - Centerra Gold Inc reported a decline in first quarter profit on Tuesday as the price of gold dropped and its cost of sales increased.

Net earnings were $2.1 million, or 1 cent a share, in the three months to the end of March compared with earnings of $51.4 million, or 22 cents, a year earlier. (Reporting by Nicole Mordant in Vancouver; Editing by David Gregorio)