Centerra Gold
From Wikipedia, the free encyclopedia
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| Type | Public (TSX: CG) |
|---|---|
| Industry | Mining |
| Founded | 2004 |
| Headquarters | Toronto, Canada |
| Key people | Stephen "Big Steve" Lang, Chairman Ian Atkinson, President & CEO Gordon Reid, COO Jeff Parr, CFO |
| Products | Gold |
| Revenue | C$ 685 million (2009) |
| Net income | C$ 60 million (2009) |
| Employees | 3,049 (2009)[1] |
| Website | www.centerra.ca |
Centerra Gold Inc. is a gold mining company headquartered in Toronto, Ontario, Canada.
The company was formed and went public in 2004 when Saskatoon, Saskatchewan-based Cameco Corporation spun off its gold mining assets previously held by its 100%-owned subsidiary, Cameco Gold. On December 30, 2009 Cameco completed the disposition of its remaining interest in Centerra Gold.[2]
Centerra owns and operates two gold producing mines:
- Kumtor Gold Mine in Kyrgyzstan (100% equity interest)
- Boroo Gold Mine in Mongolia (100% equity interest)
It also has interests in gold exploration properties:
- Gatsuurt property in Mongolia near Boroo (100% equity interest)
- REN property in Nevada, USA (64% equity interest, joint venture with Barrick Gold)
In 2009, two Centerra's mines produced over 676,000 ounces (18,200 kg) of gold; company's proven and probable reserves stand at 7.3 million ounces (220,000 kg) as of December 31, 2009.
References[edit]
- ^ "Company Profile for Centerra Gold Inc (CA;CG)". Retrieved 2008-10-07.
- ^ "Cameco Announces Completion of Centerra Common Share Sale". Retrieved 2010-01-21.
