Centerra Gold is a Canadian-based gold mining company engaged in operating, developing, acquiring and exploring gold properties primarily in Asia, North America and other markets worldwide. Centerra's shares trade on the Toronto Stock Exchange (TSX) under the symbol CG.
Centerra owns 100% of the Kumtor gold mine through its wholly owned subsidiary Kumtor Gold Company. Kumtor is located in the Kyrgyz Republic, about 350 kilometres southeast of the capital Bishkek and about 60 kilometres north of the border with the Peoples Republic of China. It is the largest gold mine operated in Central Asia by a Western-based company, having produced more than 10.4 million ounces of gold between 1997 and the end of 2015.Learn more >
Centerra Gold has a 100% equity interest in Boroo, the first significant foreign investment for industrial development in Mongolia since 1979. Located 110 kilometers west-northwest of Ulaanbaatar, the country's capital, Boroo began commercial production on March 1, 2004 and produced more than 1.5 million ounces of gold (including gold produced during commissioning) as of the end of 2015.Learn more >
Centerra owns 100% of the Öksüt Development Property, located 300 kilometers southeast of Ankara, Turkey. The development decision was made mid-2015 and Öksüt received its EIA approval in November 2015. The Company is targeting first gold production in the third quarter of 2017.Learn more >
Centerra owns 100% of the Gatsuurt development property, located 35 kilometres from the Boroo mine. It is connected to the Boroo mine site by a 55 kilometre road which was completed in 2010. The Gatsuurt site preparation is complete, awaiting approval to commence mining.Learn more >
Centerra acquired a 50% interest in the Greenstone Gold Partnership in 2015 and is completing a feasibility study on the Hardrock Deposit which is expected mid-2016.
The Company is the largest Western-based gold producer in Central Asia and operates two gold mines: the Kumtor mine in the Kyrgyz Republic; and the Boroo mine in Mongolia. We produced 536,921 ounces of gold in 2015 down from 620,821 ounces of gold in 2014, and 690,720 ounces in 2013, since the Boroo mine has been mined out and placed on care and maintenance, awaiting the development of Gatsuurt.
The Company has gold development properties in Turkey, Mongolia and in Canada through it joint venture partnership Greenstone Gold Mines. Centerra has promising exploration properties in Canada, Mexico, Mongolia, Turkey, and Portugal and continues to expand its exploration portfolio through the establishment of joint ventures throughout the globe.
Centerra through it's internal growth pipeline will profitably grow production from 500,000 ounces to close to 1 million ounces over the next five years and build shareholder value by maximizing the potential of its current properties, add additional operating platforms, expand its portfolio of exploration properties and continue to increase its reserves and resources.Learn more >
We're a company of miners and that makes us explorers. That means we go where the gold is, even if it takes us across the world. We’ve followed our entrepreneurial spirit and sense of adventure up some of the highest mountains of Kyrgyzstan and Mongolia. We do it all with the help of some of the industry’s best people who help us expand our horizons. We’re a different kind of gold mining company. Mine something different and come explore what we have to offer.
The Company is the largest Western-based gold producer in Central Asia. We produced 620,821 ounces of gold in 2014, 690,720 ounces in 2013, 387,076 ounces in 2012, over 640,000 ounces of gold in 2011 and 680,000 ounces in 2010 from its two operating mines: the Kumtor mine in the Kyrgyz Republic; and the Boroo mine in Mongolia. Centerra has promising exploration properties in Mongolia, Turkey, Portugal, and western Canada.
Centerra's goal is to establish annual gold production of 1.5 million ounces and build shareholder value by maximizing the potential of its current properties, add additional operating platforms, expand its portfolio of exploration properties and continue to increase its reserves and resources.
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