Edition:
United States

Centerra Gold Reports Q4 Earnings Per Share Of $0.45


Friday, 23 Feb 2018 07:00am EST 

Feb 23 (Reuters) - Centerra Gold Inc ::CENTERRA GOLD ACHIEVES 2017 CONSOLIDATED GOLD PRODUCTION GUIDANCE, BEATS COST GUIDANCE, RECORDS $210 MILLION NET EARNINGS AND GENERATES $234 MILLION FREE CASH FLOW(NG) AND PROVIDES 2018 OUTLOOK.Q4 EARNINGS PER SHARE $0.45.Q4 REVENUE $358.2 MILLION.CENTERRA GOLD - CAPEX FOR 2018 IS ESTIMATED TO BE $242 MILLION WHICH INCLUDES $100 MILLION OF SUSTAINING CAPITAL(NG) AND $142 MILLION OF GROWTH CAPITAL(NG) SPENDING​.‍Q4 2017 RESULT INCLUDES A TAX BENEFIT OF $21.3 MILLION AS A RESULT OF A CHANGE IN TAX LEGISLATION ENACTED IN U.S.​.CO EXPECTS TO BE IN A POSITION TO DRAW ON OMAS FACILITY IN Q2 OF 2018.‍EXCLUDING U.S. TAX LEGISLATION BENEFIT ADJUSTED EARNINGS IN Q4 OF 2017 WERE $0.37 PER BASIC​ COMMON SHARE.‍FOR 2018, ESTIMATING CONSOLIDATED GOLD PRODUCTION TO BE IN RANGE OF 645,000 TO 715,000 OUNCES​.CENTERRA GOLD - ‍PROJECTED CONSOLIDATED AISC PER OUNCE SOLD (NG) ON A BY-PRODUCT BASIS FOR 2018 EXPECTED TO BE $799 TO $885 PER OUNCE​.Q4 EARNINGS PER SHARE VIEW $0.32 -- THOMSON REUTERS I/B/E/S.QTRLY DILUTED EARNINGS PER COMMON SHARE $0.43.