Why Centerra Gold Stock Crashed 15% Today
Shares of Centerra Gold (NYSE: CGAU) slumped on Monday and were trading 15% lower as of 12:30 p.m. ET. The Canadian-based gold stock, which also pays a dividend, announced its first-quarter numbers Monday morning and gave investors a pretty good reason to worry. Practically everything: lower production, lower average realized prices for gold and copper, and higher production costs.