NEW YORK, May 28, 2023 (GLOBE NEWSWIRE) — Pomerantz LLP is investigating claims on behalf of investors of Centerra Gold Inc. (“Centerra” or the “Company”) CGAU. Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, extension 7980.
The investigation addresses whether Centerra and certain of its officers and/or directors have engaged in securities fraud or other illegal business practices.
[Click here for information about joining the class action]
On May 15, 2023, Centerra issued a press release reporting its financial and operating results for the first quarter of 2023. Among other things, Centerra reported a larger-than-expected loss for the quarter and revised its full-year gold production forecast to near the low ends of its guidance. Centerra also announced that the Company continues to work with the authorities to obtain the necessary permits to resume operations at its Oksut Mine in Turkey following the discovery of mercury in the gold room at the recovery plant during the quarter. As a result of this news, Centerra’s share price fell sharply during intraday trading on May 15, 2023.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris and Tel Aviv, is recognized as one of the leading law firms specializing in corporate, securities and antitrust litigation. Pomerantz was founded by the late Abraham L. Pomerantz, Dean of the Class Bar Association, and pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues the tradition he founded and fights for the rights of victims of securities fraud, fiduciary breaches and corporate wrongdoing. The company has filed numerous multimillion-dollar claims on behalf of class members. See www.pomlaw.com.
CONTACT:
Robert S Willoughby
Pomerantz LLP
888-476-6529 ext. 7980
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