Centerra widens Q3 loss on price slide, lower sales

Canadian miner Centerra Gold has widened its third-quarter loss to $18.1-million, or $0.08 a share, compared with a net loss of $3.2-million, or $0.01 a share, for the same period in 2014. The 2015 loss was the result of a $18.7-million, or $0.08 a share, noncash impairment charge of the goodwill impairment on its flagship Kumtor mine, in the Central Asian country of Kyrgyzstan. Lower operating costs and taxes, were also partially offset by fewer ounces sold and a lower average realised gold price, in the quarter ended September.