{"id":1165001,"date":"2020-02-11T13:44:10","date_gmt":"2020-02-11T19:44:10","guid":{"rendered":"https:\/\/www.mining.com\/?p=1013654"},"modified":"2020-02-11T13:44:10","modified_gmt":"2020-02-11T19:44:10","slug":"centerra-exceeds-production-guidance-expects-up-to-820000-oz-this-year","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1165001","title":{"rendered":"Centerra exceeds production guidance, expects up to 820,000 oz this year"},"content":{"rendered":"<p>Centerra Gold produced 783,308 oz. of gold last year, beating its prior guidance for 730,000 oz. to 765,000 oz. with both the Kumtor and Mount Milligan mines exceeding targets.<\/p>\n<div class='d-flex justify-content-center d-xs-block d-sm-block d-md-none'>\n<div id='div-gpt-ad-1561499308230-0'><script>googletag.cmd.push(function() {googletag.display('div-gpt-ad-1561499308230-0');});<\/script><\/div>\n<\/div>\n<p>All-in sustaining costs, to be released at the end of March, are expected below the guidance range of $713 to $743 per oz.<\/p>\n<p>This year, as it <strong><a href=\"http:\/\/www.canadianminingjournal.com\/news\/gold-first-gold-pour-at-centerras-oksut\/\">ramps up the Oksut mine in Turkey<\/a><\/strong>, Centerra expects to churn out 740,000 oz. to 820,000 oz. of gold at AISCs of $820 to $870 per oz.<\/p>\n<p>This higher cost forecast for this year is largely due to lower grades processed at both Kumtor and Mount Milligan. Oksut is expected to be a lower-cost asset, with AISC guidance of $650 to $700 per oz. for the year and contributing up to 100,000 oz. in 2020.<\/p>\n<p>Last year, Kumtor was the cornerstone of the company\u2019s production, contributing 600,201 oz., despite a mining suspension due to a <strong><a href=\"http:\/\/www.canadianminingjournal.com\/news\/gold-centerra-receives-permits-to-re-start-mining-at-kumtor\/\">waste rock dump movement in December<\/a><\/strong>. Centerra received approvals to re-start mining in January and processed stockpiled ore while mining was suspended.<\/p>\n<p>A total of $50 million allocated for exploration this year is largely for brownfield work at operating sites.<\/p>\n<p>The company is preparing an updated technical report for the Mount Milligan mine in western Canada, expected in late March. Based on the work completed to date, Centerra expects a material reduction to the project\u2019s reserves, resources and resulting mine life.<\/p>\n<p><em>(This article first appeared in the <\/em><a href=\"http:\/\/www.canadianminingjournal.com\/\"  rel=\"noreferrer noopener\"><em>Canadian Mining Journal<\/em><\/a><em>)<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A total of $50 million allocated for exploration this year is largely for brownfield work at operating sites.<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[369,4],"tags":[],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1165001"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1165001"}],"version-history":[{"count":3,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1165001\/revisions"}],"predecessor-version":[{"id":1165045,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1165001\/revisions\/1165045"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1165001"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1165001"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1165001"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}