XCSFDHG46767FHJHJF
min2664 A major gold deposit discovery in Mongolia is set to further grow Centerra Gold’s 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 now.
No comments:
Post a Comment