Centerra Gold swings to profit

Thu, 20 Feb - 1:49pm

Feb 19 (Reuters) - Canadian miner Centerra Gold Inc CG.TO swung to a quarterly profit, helped by higher gold production and increased sales.

The company reported a net income of $106.6 million, or 45 cents per share, in the quarter ended Dec. 31, compared with a loss of $70.7 million, or 30 cents per share, a year earlier.

Consolidated gold production in 2013 nearly doubled to 690,720 ounces from 387,076 ounces a year earlier.

(Reporting by Varun Aggarwal in Bangalore and Nicole Mordant in Vancouver; Editing by Supriya Kurane)

((anannya.pramanick@thomsonreuters.com)(within U.S. +1 646 223 8780, outside U.S. +91 80 6749 3143)(Reuters Messaging: anannya.pramanick.thomsonreuters.com@reuters.net))

Keywords: CENTERRAGOLD RESULTS/

URN: 
urn:newsml:reuters.com:20140220:nL3N0LP1EK:2
Topics: 
RES CMPNY CA COM PREC MINE METL BLR LEN RTRS PREMTL BACT MIN GDM RESF BMAT STL GOL MTAL AMERS STEE

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