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Centerra Gold Inc T.CG

Alternate Symbol(s):  CGAU

Centerra Gold Inc. is a Canada-based gold mining company focused on operating, developing, exploring and acquiring gold and copper properties in North America, Turkiye, and other markets worldwide. The Company operates two mines: the Mount Milligan Mine in British Columbia, Canada, and the Oksut Mine in Turkiye. The Company also owns the Goldfield District Project in Nevada, United States; the Kemess Project in British Columbia, Canada, and owns and operates the Molybdenum Business Unit in the United States and Canada. The Mount Milligan Mine is an open pit mine located in north central British Columbia, Canada producing a gold and copper concentrate. The Oksut Mine is located in Turkiye approximately 300 kilometers southeast of Ankara and 48 kilometers south of Kayseri, the provincial capital. The Molybdenum BU includes the Langeloth Facility in Pennsylvania and two North American molybdenum mines: the Thompson Creek Mine in Idaho and the 75%-owned Endako Mine in British Columbia.


TSX:CG - Post by User

Post by templetooth2on May 16, 2023 12:27am
299 Views
Post# 35449597

Moly unit consumes $76 million? What???

Moly unit consumes $76 million? What???Forget Mt Milligan, forget Turkey, the biggest (by far) contributor to the company's loss was the Moly business. I have quickly read thru the mgmt. discussion a time or two and I still don't understand how they could lose  that much money.

If in Q1 they roasted some 3 million pounds of moly, did Centerra somehow manage to lose ballpark $25 per pound roasted??? What is going on here???
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