July 28 (Reuters) - Canadian gold miner Centerra Gold Inc’s quarterly profit more than doubled driven by higher gold prices.
The company, which owns gold properties in Kyrgyz Republic and Mongolia, reported a second-quarter net income of $71.1 million, or 30 cents a share, compared with $30.7 million, or 13 cents a share, a year ago.
Revenue rose 60 percent to $243.8 million.
Spot gold prices averaged about $1507.8 an ounce during April-June, up 26 percent since last year as looming debt problems in major economies boosted the interest in precious metal as a haven from risk.
The Toronto-based miner’s shares, which have risen 16 percent in value over the last six months, closed at C$18.63 on Thursday on the Toronto Stock Exchange. (Reporting by Maneesha Tiwari in Bangalore; Editing by Don Sebastian)