Gold took a big hit mid-week when the US Federal Reserve suggested an end to quantitative easing, but the precious metal rallied on Thursday to regain some of the lost ground.
Articles Tagged "TSX:CG"
Centerra Gold Inc. (TSX:CG) released its year-end and fourth-quarter results for 2012, commenting that it recorded a net loss of $68 million, or $0.29 per share, during Q4. That's compared to net earnings of $79.4 million for the year-ago quarter.
Centerra Gold Inc. (TSX:CG) has responded to media reports regarding their Kumtor Project, which among other things, said that there were recommendations for the Government of the Kyrgyz Republic to open negotiations for terms surrounding the governance of the Kumtor Project is governed, with the end goal of applying a new tax regime, and levying higher environmental charges.
Aurizon has recommended that shareholders reject a $4.6-per-share hostile bid as "inadequate and opportunistic."
Centerra Gold Inc. (TSX:CG) announced that it has purchased the remaining 30 percent interest in the Öksüt Gold Project in Turkey.
The approaching fiscal cliff and promising jobs data out of the United States conspired to pull down gold this week. A report from PwC, however, is bullish on the precious metal in 2013.
The gold price failed to catch fire this week even though the US Federal Reserve announced news that was bullion-supportive.
Centerra Gold Inc. (TSX:CG) announced that it has acquired the remaining 30-percent interest in the Öksüt gold project in Turkey from Stratex International plc (LSE:STI).
Reuters reported that Zhantoro Satybaldiyev, Kyrgyzstan's new president, will not nationalize Centerra Gold Inc.'s (TSX:CG) Kumtor gold mine although he has been urged to do so.
Centerra Gold Inc. (TSX:CG) announced that its second quarter results for 2012 include a net loss of $54.6 million.