TFSA Investors: 1 Long-Term Precious Metals Growth Stock Set to Outperform
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Centerra Gold(TSX:CG) is a Canadian-based gold mining company focused on operating, developing, exploring, and acquiring gold properties in North America, Asia, and other markets worldwide. The company is one of the largest Western-based gold producers in Central Asia. It owns three operating properties including the Kumtor mine in the Kyrgyz Republic, the Mount Milligan mine in British Columbia, Canada, and the Öksüt mine in Turkey.
Diverse mining assets
The Öksüt mine achieved the first gold pour in January 2020 and declared commercial production in May 2020. The company also owns a pre-development project in British Columbia called the Kemess project. It also owns a molybdenum business, which includes Centerra’s Thompson Creek mine in Idaho, the United States, and the Endako mine in British Columbia.
2021 Guidance Highlights
Copper production guidance of 70 to 80 million pounds.
Gold production costs guidance of $475 to $525 per ounce.
All-in sustaining costs on a by-product basis
NG guidance of $850 to $900 per ounce is higher than 2020 primarily due to Kumtor processing lower grade material from its stockpiles on surface.
All-in costs on a by-product basis
NG guidance of $1,175 to $1,230 per ounce.
Total capital spending guidance of $430 to $480 million including capitalized stripping is higher than 2020 due to increased spending at Kumtor and Mount Milligan.
Total capitalized stripping guidance of $230 to $245 million including $220 to $230 million at Kumtor primarily for mining cut-back 20 and $10 to $15 million at Öksüt.