Post by
Doozer on Jan 14, 2021 7:49am
Q4 and Year End
Annual production (824,059) exceeded guidance and AISC is expected to be lower than guidance range (740). Q4 production was 172,446. Overall, great year of production and net income with increased gold prices. I still anticipate good gold prices ahead to yield continued great results. Just hope Japarov doesn't throw a wrench into things with regards to Kumtor. He needs to facilitate and set the conditions for success for foreign investment, not to scare it off by trying to renegotiate unreasonable terms with CG if that's in his mind. Others will look at CG as a case study to inform whether they should invest in the Kyrgyz Republic or not....and it's not like the KR is starting from a position of being perceived to be a friendly jurisdiction for investment to begin with.
CC/webcast to take place Feb 24th to discuss financial and operating results. I hope they also provide some guidance for 2021 with respect to an exploration program for Cherry Creek and an overall strategy for the deployment of capital.
https://s3.amazonaws.com/centerragold/news/January2021/KJcviY18IW4MGT8grfVu.pdf
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