Centerra Gold first quarter results, net earnings of $137 million or 58 cents per share

Centerra Gold Inc. (TSX:CG) today reported net earnings of $136.6 million or $0.58 per share on revenues of $250.2 million compared to earnings of $123.9 million or $0.53 per common share based on revenues of $255.5 million in the same quarter last year.

Consolidated gold production for the first quarter of 2011 totaled 180,716 ounces at a total cash cost of $370 per ounce produced compared to 211,039 ounces at a total cash cost of $340 per ounce produced in the corresponding quarter of 2010. Cash provided by operations, net of working capital changes increased to $142.6 million compared to $82.4 million in the first quarter of 2010.