Monday, December 10, 2012

Centerra Ups Reserve Estimate of Major Gold Field | Essentials

Centerra Ups Reserve Estimate of Major Gold Field

Excerpt:

A Canadian-based mining company said Thursday that reserves at the major gold field it is developing in Kyrgyzstan are 58 percent larger than previously believed. The announcement by Centerra Gold comes as a much-needed boost for the Central Asian nation, whose tiny economy has floundered in recent years. Kumtor goldmine accounts for about 12 percent of the economy. Centerra says the end-date for open-pit mining will be extended five years, to 2023. Kumtor's probable mineral reserves are now estimated at a total 9. 7 million ounces of gold. Kyrgyzstan, a country of 5 million people on China's mountainous western border, has come to prominence in recent years because it hosts a U.S. air base used to support military operations in nearby Afghanistan.

People:

Centerra

Overall Sentiment: -0.502986

Relevance: 0.418555

President Askar Akayev

Overall Sentiment: -0.184815

Relevance: 0.241958

President Kurmanbek Bakiyev

Overall Sentiment: -0.815559

Relevance: 0.23794

Ian Atkinson

Overall Sentiment: 0.0526162

Relevance: 0.176603

SentimentQuote
0.0456453"The increase in reserves and mine life will provide significant tax revenue to the Kyrgyz Republic of approximately $1.5 billion based on a gold price of $1,350, along with significant employment, community development and other benefits," Centerra Gold chief executive Ian Atkinson said ...
Sentiment Stats:
  • Number of Quotes: 1
  • Aggregate Sentiment: 0.0456453
  • Mean: 0.0456453
  • Standard Deviation: 1.4142135623731

Key:

  • Aggregate Sentiment is meant to be an indicator of an individual's overall sentiment.
  • The Mean is meant to be an indicator of an individual's average comment sentiment.
  • The Standard Deviation, when there are enough quotes, will indicate an individual's consistency of sentiment (i.e. a Standard Deviation of 0 would mean they were very consistent in their sentiment and 1 would mean they were very inconsistent).

Note that quote stats are likely to be meaningless beyond the aggregate score due to the tiny sample size. However, they are always provided just in case you find something useful there.

Additional Info:

Country: Kyrgyzstan

Overall Sentiment: -0.0766081

Relevance: 0.744869

Company: Centerra Gold

Overall Sentiment: 0.0165727

Relevance: 0.810005

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