Centerra Gold
Toronto symbol CG, operates the Kumtor mine in Kyrgyzstan.
CENTERRA GOLD $5.30 (Toronto symbol CG; SI Rating: Speculative) (416-204-1953; www.centerragold.com; Shares outstanding: 216.3 million; Market cap: $1.1 billion) owns 100% of the large Kumtor gold mine in Kyrgyzstan and 100% of the Boroo gold mine in Mongolia.
Centerra also holds joint-venture exploration prospects in Nevada, Turkey and Russia, and 100% of the Gatsuurt property in Mongolia. Cameco Corp. owns 53% …read more »
Gold is now at $978 U.S. an ounce, up 36% since November 2008. That’s mainly because investors fear that low interest rates and government stimulus spending will spur inflation. Gold should also continue to gain as the credit crisis makes it harder for gold companies to fund new projects and increase production.
We still think the best way to participate in …read more »
CENTERRA GOLD $4.02 (Toronto symbol CG; SI Rating: Speculative) (416-204-1953; www.centerragold.com; Shares outstanding: 216.3 million; Market cap: $869.6 million), continues to negotiate with the government of Kyrgyzstan over the size of the government’s proposed stake in Centerra’s Kumtor mine, as well as the mine’s tax regime.
Centerra and Cameco (which owns 53% of Centerra) and the Kyrgyz government were scheduled to …read more »
CENTERRA GOLD $13.85 (Toronto symbol CG; SI Rating: Speculative) (416-204-1953; www.centerragold.com; Shares outstanding: 216.3 million; Market cap: $3.0 billion) owns 100% of the large Kumtor gold mine in Central Asia and 95% of the Boroo gold mine in Mongolia. The two mines have proven reserves of over 7 million ounces. Centerra expects to report production from the two mines for …read more »
Gold hit a record high of $850 an ounce in 1980, then worked its way downward for 25 years. It began rising again in 2002, and it has now broken past $850 and moved higher. It’s now trading at $882.
We’re not convinced that gold prices will move significantly higher, or even hold the recent gains. However, some of the conditions …read more »
CENTERRA GOLD $5.93 (Toronto symbol CG; SI Rating: Speculative) (416-204-1953; www.centerragold.com; Shares outstanding: 216.2 million; Market cap: $2.5 billion) dropped recently after it said it now expects 2007 gold production at its Kumtor mine in Kyrgyzstan to fall about a third below previous forecasts.
The pit wall at Kumtor has developed structural problems. That means Centerra will have to remove more …read more »
CENTERRA GOLD $11.78 (Toronto symbol CG; SI Rating: Speculative) (416-204-1953; www.centerragold.com; Shares outstanding: 216.2 million; Market cap: $2.5 billion) dropped from around $12.50 to as low as $10.25 in late March in response to reports that the parliament of the Kyrgyz Republic was discussing a bill that challenges the legality of the 2004 restructuring agreement that covers Centerra’s Kumtor gold …read more »
CENTERRA GOLD $14.50 (Toronto symbol CG; SI Rating: Speculative) (416-204-1953; www.centerragold.com; Shares outstanding: 216.2 million; Market cap: $3.1 billion) owns 100% of the large Kumtor gold mine in Central Asia and 95% of the Boroo gold mine in Mongolia. Cameco Corp. owns 53% of Centerra. The two mines have proven reserves of over 6.2 million ounces of gold.
Centerra’s share of …read more »
TD CANADIAN SMALL-CAP EQUITY FUND $30.48 (CWA Rating: Aggressive) (TD Asset Management, P.O. Box 7500, Station A, Toronto, Ontario. M5W 1P9. 1-800-463-3863; Web site: www.tdcanadatrust.ca. No load — deal directly with the bank) invests in small to medium-sized companies located in Canada and other countries, that the managers feel offer either superior earnings growth or appear undervalued. It looks for …read more »
