November 1, 2017 / 5:19 PM / a year ago

BUZZ-Centerra Gold Inc: Down on lower production forecasts

** Canadian gold miner’s shares fall 9.1 pct to hit a near 5-month low of $7.96

** Posts EPS of 18 cents vs. est. 22 cents

** Throughput from Mt. Milligan mine in Canada falls to 48.6 kilo tons per day (ktpd), widely missing brokerage’s estimate of 56 ktpd -Credit Suisse

** Centerra also cuts total 2017 production outlook to a range of 775,000-815,000 ounces from 785,000-845,000 ounces.

** Mt. Milligan production est trimmed to a range of 235,000-255,000 ounces from 260,000-290,000 ounces for the year

** Mt. Milligan continues to disappoint as throughput declines from quarter to quarter -Canaccord Genuity

** Up to Tuesday’s close, stock had risen 39 pct YTD (Reporting by Akshara P in Bengaluru)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below