Centerra Gold (OTCPK:CAGDF) is a diversified mid-tier gold producer that operates their flagship Kumtor mine in Kyrgyzstan, Mount Milligan in Canada and the new Oksut operation in Turkey. The company’s share price was hit hard on Tuesday after reporting on civil unrest in Kyrgyzstan following disputed election results, sending the stock down 15%.

Looking at the share price performance over the past year, it’s clear to see the company has underperformed its peer group and the gold miners index (NYSEARCA:GDX) since a poor Q3 result last October. Since then, the company has reported two positive quarters that led to its share price starting to catch up to the sector, but further uncertainty at Kumtor has now caused it to slump again.

One-year share price performance

(Source: YCharts)

Kumtor: A World-Class Mine In the Wrong Place

Kumtor is by far the company’s most important asset, churning out between 550,000 and 600,000 ounces per year at $750/oz to $800/oz all-in sustaining costs (AISC). This production profile ranks it as the 20th largest gold mine globally, and it has been operating for 23 years, producing over 13 million ounces of gold over that time.

It is an open-pit mine with a total resource of 14 million ounces gold and a current estimated mine life of 6 years in the open pit. An updated technical report will be released this quarter, including an updated life of mine that will likely detail the long-term underground mining potential at Kumtor.

Kumtor made up 77% of the company’s total gold production of 783,308 ounces in 2019, even after a temporary halt of operations in December due to a waste rock slide that killed two employees.

Kumtor mine overview

(Source: Company presentation)

Despite Kumtor being a potential tier-one gold mine, the main issue that has kept many investors

The President stood triumphant on the White House balcony, having persuaded his doctors to submit to his will. He had spent his days at Walter Reed National Military Medical Center pushing them to let him out, medical advice be damned. Donald Trump tore off his mask and seemed to gasp for breath, but he would not be deterred from delivering his message.

“Don’t let it dominate; don’t let it take over your lives,” he said, biting off each word. No one must think the virus had defeated him.

His supporters reveled in his return. A Congressman crowed that Trump had beaten the virus just like he beat the Russia investigation and the Democrats’ impeachment. His press secretary–who announced her own case of COVID-19 earlier that day–hailed his ability to “stand strongly on the balcony!” A Senator tweeted a doctored video showing Trump at a wrestling match, punching a man with a coronavirus sphere for a head. The Republicans understand the way Trump likes to be praised; even facing a crisis with life-or-death stakes, they sensed what he wanted was not words of sympathy or compassion, but to be told he had kicked ass. A $100 “Trump Defeats COVID” souvenir coin was soon available for preorder from an unaffiliated White House gift shop. It wasn’t clear that Trump has weathered the disease as well as he claimed. His doctors have given scant information and sidestepped questions about how long he might have had the virus. Medical experts questioned his hasty discharge, pointing out he’d been administered treatments normally reserved for serious cases. Trump had gone to the hospital grudgingly, then announced on Twitter he would be released in order to force the issue, according to two White House officials. “People look up to the President for answers,” says Chuck Hagel,

  • Ads from politicians and campaigns accounted for at least 3% of Facebook’s estimated third-quarter U.S. revenue, according to data from Facebook’s ad library and the Center for Responsive Politics.
  • Google has dramatically limited targeting for political ads and Twitter banned them altogether, leaving Facebook as the only game in town for many campaigns.
  • “For better or worse — mostly worse — Facebook is the de facto place you go,” said Nick Fitz, CEO of online donations site Momentum, which powers the Defeat by Tweet campaign.

a man in a suit standing in front of a flat screen television: Former Vice President Joe Biden, presumptive Democratic presidential nominee, wears a protective mask during a NowThis economic address seen on a smartphone in Arlington, Virginia, U.S., on Friday, May 8, 2020.

© Provided by CNBC
Former Vice President Joe Biden, presumptive Democratic presidential nominee, wears a protective mask during a NowThis economic address seen on a smartphone in Arlington, Virginia, U.S., on Friday, May 8, 2020.

Anti-Trump super PAC Defeat by Tweet launched in June and has run up an advertising bill of more than $800,000 with an online campaign that encourages people to automatically donate money every time the president tweets.


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Thanks to Trump’s habitual tweeting, the group has parlayed its spending into about $3 million of fundraising. However, none of that ad spending has been on Twitter. Instead, it’s taking place exclusively on rival social media site Facebook.

Defeat by Tweet is far from alone. Scores of political candidates and outside groups have loaded up on Facebook spending ahead of next month’s election. That’s partly because Facebook reaches over a quarter-billion users in North America every month and has a family of popular apps, including Messenger, Instagram and WhatsApp. But it’s also because many other ad-supported sites have retreated from politics, leaving Facebook as the only game in town. 

Google, the largest internet advertising company, limited the ability for campaigns to target users with political ads. Twitter banned political advertising altogether after CEO Jack Dorsey proclaimed last October that “political message reach

Rochelle Fortier Nwadibia has followed Kamala Harris’ political ascent as the now California senator repeatedly made history, from her time as San Francisco’s district attorney to her nomination as vice president.

An attorney based in San Francisco, Fortier Nwadibia, 57, said she is “thrilled” to see Harris reach yet another milestone in her career, as the first Black woman, first Indian American and first Asian American to be on a major party presidential ticket.

“It’s just the magnitude of what she brings to the ticket,” said Fortier Nwadibia, who is Black.

Harris became the first Black person and the first woman to serve as district attorney of San Francisco in 2004. She achieved another set of firsts in 2011, becoming the first Black person, first Asian American and first woman to serve as California attorney general.

Harris is the daughter of a Tamil Indian mother and a Jamaican father who both immigrated to the U.S.

But for Tammy Van, 24, and Kahmali Rose, 33, of Massachusetts, Harris’ race does not factor into their assessment of her vice presidential candidacy. They find her record as a prosecutor and attorney general to be harmful for communities of color.

“It just seemed like, of course that’s who [Biden] would select; someone who checked off the identity boxes but still supports the same sort of ideology that she holds,” said Rose, who supported Vermont Sen. Bernie Sanders in the 2020 presidential primary, and, like Harris, he is half Jamaican.

When Biden announced Harris as his running mate in August, it was amid political and cultural battles over race and racism, identity and representation. Harris’ racial identity quickly became a major part of the conversation around her candidacy. For many women, Biden’s choice of Harris felt like recognition. For many Black women, it was seen


RALEIGH, N.C. (AP) — A race in North Carolina critical to control of the U.S. Senate has been thrown into turmoil over allegations of personal misconduct by Democrat Cal Cunningham, a married man who had an extramarital relationship with a consultant.

Previously undisclosed text messages obtained by The Associated Press and additional interviews show that the relationship extended beyond suggestive texts to an intimate encounter as recently as July.

Republicans hold a 53-47 majority in the Senate, and the contest between Cunningham and Republican Sen. Thom Tillis has been among the most watched in the country, with polls showing a tight race and both parties investing heavily in the outcome.

Cunningham’s personal indiscretion offers a fresh test of whether voters will punish candidates for their private, consensual activity, and the answer they deliver could determine which party wields power in the Senate. The chamber has been a bulwark for Republicans under President Donald Trump, with Democrats in control of the House.

An Army Reserve lieutenant colonel with a wholesome appeal, Cunningham was widely viewed as the kind of recruit Democrats needed to make inroads in conservative-leaning Southern states like North Carolina.

Yet the text messages and interviews offer a glimpse that is at odds with the image of a devoted family man. A week ago, a conservative website,, published text messages between Cunningham and Arlene Guzman Todd, a public relations strategist from California, that suggested a personal relationship.

The newly obtained texts provide both a more specific timeline about their relationship, which shows it was recent, as well as details that describe intimate encounters — not simply a digital exchange.

The text messages were not obtained from Guzman Todd. But the AP contacted her to confirm their authenticity. In a