Centerra Gold Inc.
About Centerra Gold Inc.
Overview
Centerra Gold Inc. is a Canadian gold mining company with operations in North America following significant portfolio transformation. After the expropriation of its Kumtor mine in Kyrgyzstan in 2021, Centerra has refocused on its North American assets and is pursuing arbitration for Kumtor. The company is advancing significant development projects to rebuild production.
Operations
Centerra operates the Mount Milligan copper-gold mine in British Columbia and the Öksüt gold mine in Turkey. The company also owns the Kemess Underground project (100% owned following acquisition from AuRico Metals) and the Goldfield project in Nevada. Mount Milligan is a significant copper-gold producer supplying concentrate to global markets.
Strategy
The company's strategy emphasizes optimizing existing operations for cash flow generation, advancing the Kemess Underground project to restore production growth, pursuing the Kumtor international arbitration claim, maintaining financial discipline through the transition period, and evaluating strategic alternatives to maximize shareholder value. Centerra focuses on building a sustainable North American production base.
Key Projects
The Kemess Underground copper-gold project in British Columbia represents Centerra's primary growth opportunity with potential for large-scale, long-life production. Other projects include exploration programs at Mount Milligan targeting mine life extension, evaluation of the Goldfield district in Nevada, and assessing potential expansion opportunities at Öksüt. The company continues to pursue its international arbitration claim for the Kumtor expropriation.
Primary Commodities
Financial Metrics
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Quick Facts
- Ticker Symbol
- CGAU
- Market Cap
- Small Cap
- Category
- Gold
- Commodities
- Gold, Copper
- Headquarters
- Toronto, Canada
- Founded
- 2004
- Employees
- ~2,400
Operating Countries
Producing Assets
- •Mount Milligan (Canada)
- •Öksüt (Turkey)
Development Assets
- •Kemess (Canada)
- •Goldfield (USA)
This information is for educational purposes only and does not constitute investment advice. Always conduct your own research before making investment decisions.