CAGDF - Centerra Gold: High-Risk High-Reward
- Centerra Gold released its Q3 results last month and had an exceptional performance with all-in sustaining cost margins hitting a new all-time high.
- The company has further bolstered its balance sheet to over $480 million in cash with no debt, and declared a quarterly dividend of C$0.05 per share.
- Unfortunately, the market continues to give the company minimal respect due the majority of its gold ounces coming from Tier-3 jurisdictions.
- Given the jurisdictional risk with Kumtor being Centerra's flagship asset, I see the stock as high-risk, so I believe it's best to focus elsewhere in the sector.
For further details see:
Centerra Gold: High-Risk, High-Reward