- Centerra Gold released its preliminary Q4 results last week, reporting quarterly gold production of 172,400~ ounces and copper production of 20.4 million pounds.
- While production was down sequentially from a robust Q3, the company trounced its annual guidance, driven by a smooth ramp-up at its newest Oksut Mine.
- At current metals prices, Centerra Gold is a cash-flow machine, but I find it hard to invest given that two of its three mines are in less favorable jurisdictions.
- Therefore, while the stock can be a great trading vehicle, I continue to prefer other producers trading for reasonable valuations but in safe jurisdictions.
For further details see:
Centerra Gold: Newest Oksut Mine Delivers A Massive Beat