NEW YORK, May 19, 2023 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Centerra Gold Inc. ("Centerra" or the "Company") (NYSE: CGAU). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.
The investigation concerns whether Centerra and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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On May 15, 2023, Centerra issued a press release reporting its financial and operating results for the first quarter of 2023. Among other items, Centerra reported a larger than expected loss for the quarter and revised its forecast for full-year gold production to near the low ends of its guidance. Centerra also advised that the Company was continuing to work with authorities to obtain the approvals necessary to restart operations at its Oksut mine in Turkey after mercury was detected in the gold room at the recovery plant during the quarter. On this news, Centerra's stock price fell sharply during intraday trading on May 15, 2023.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980
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SOURCE Pomerantz LLP
