A major gold deposit discovery in Mongolia is set to further grow Centerra
Golds profits. The company posted a profit of US$71.1 million in the third
quarter, more than double its earnings from the same period last year. Steve
Lang, President and CEO said that initial resource estimate should be released
by end of this year. ""We've proven up just a very narrow corner of the
deposit – we're very pleased with what we see. Obviously the investors like
what they're seeing on the drill results as well… We're just in the early
stages of finding out just how large this district will be," he added.
Centerra Gold has a 100% stake in its Altan Tsagaan Ovoo (ATO) property in
northeast Mongolia, which was acquired in May 2010. It is a large land position
covering 77,000 hectares with multiple long intercepts of high-grade gold,
silver and base metal mineralization. Come hear it all from Mr Ian Atkinson,
Centerra Gold, who will be presenting at the Asia Mining Congress 2012. Download
programme brochure here. Network and connect with our speakers, sponsors and
delegates from mining and financing companies. Join Mining Nuggets on Facebook
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