Centerra Gold (US:CGAU)2021-11-10 21:24Financial Performance - The company reported Q3 2021 net earnings of $276 million, or $009 per share (basic), and adjusted net earnings of $357 million, or $012 per share (basic)[10] - Q3 2021 cash provided by operating activities was $624 million, or $021 per share, with $433 million from Mount Milligan and $521 million from Öksüt[10] - Free cash flow from continuing operations in Q3 2021 was $410 million, including $259 million from Mount Milligan and $489 million from Öksüt[10] - The company maintains a debt-free balance sheet with a cash balance of $9117 million and total liquidity of $13117 million as of September 30, 2021[10] Production and Costs - Q3 2021 gold production was 76,913 ounces, and copper production was 179 million pounds[8] - Gold production costs in Q3 2021 were $630 per ounce ($774/oz at Mount Milligan and $481/oz at Öksüt), and copper production costs were $150 per pound[8] - All-in sustaining costs (AISC) on a by-product basis in Q3 2021 were $781 per ounce ($727/oz at Mount Milligan and $603/oz at Öksüt)[8] - All-in costs (AIC) on a by-product basis in Q3 2021 were $932 per ounce ($781/oz at Mount Milligan and $644/oz at Öksüt)[8] Guidance and Operations - The company is on track to achieve 2021 gold production guidance at Mount Milligan and Öksüt[8] - Öksüt's all-in sustaining costs guidance on a by-product basis was lowered to a range of $680/oz-$730/oz, and the revised consolidated all-in sustaining costs guidance is $700/oz-$750/oz[8] - Mount Milligan has adequate volumes of stored water to run at full capacity for the year, and the staged flotation reactors installation is on track to improve recoveries[20] ESG Initiatives - The company is focused on safety leadership training and awareness[13] - A new Diversity, Equity, & Inclusion (DE&I) target was established to achieve 30% female representation on Centerra's Board of Directors and Officer Group by 2026[13]