5 Stocks Getting Hammered on Friday

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1. Centerra Gold Inc. (NYSE:CGAU) is down over 4.4% as of 12:54 PM ET after the company revealed it has temporarily suspended the production of gold bars at its Oksut mine in Turkey. This step was taken after mercury was detected in some parts of the plant. Centerra Gold Inc. (NYSE:CGAU) further added that it is making significant efforts in preventing exposure at the mine by clearing the mercury from the affected areas. The company has also implemented safety protocols and is looking into how mercury can be removed from the gold recovered from the mine. Despite this interference, the mining process of ore is still going on. The company is assessing the impact of the closure on its final guidance for 2022. As of Q4 2021, Centerra Gold Inc. (NYSE:CGAU) was in the portfolio of nine hedge funds.

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