Centerra Gold Inc (TSX:CG)Mining
Centerra Gold Inc is a Canadian gold producer with mining operations in North America, Asia and other markets.
The portfolio also includes exploration properties and exploration joint ventures in Canada, Turkey, the United States and Finland.
Centerra Gold Inc claims to be one of the largest Western-based gold and copper producers in Central Asia.
The mining operations include two mines in Turkey and Canada.
Mount Milligan Mine, Canada
It is an open-pit, conventional gold and copper mine located in central British Columbia, approximately 155 kilometers northwest of Prince George. The estimated mine life is nine years.
The Öksüt Mine, Turkey
It is located in the Kayseri province in the south-central region of Turkey. Initially, the Öksüt Gold Project was a joint venture between the company and Stratex International Plc, wherein Centerra held 50 per cent equity interest in the project till 2011. However, by 2013 the Canadian gold producer increased its stake to 100 per cent by purchasing Stratex' remaining interest in the property. In January 2018, Centerra received the final permits and commenced construction activities in March. It recorded the first gold pour in January 2021.
The Thompson Creek Mine
Located in Idaho, the United States, the mine began operations in 1983. It is a molybdenum mine that used conventional open-pit mining methods with electric-powered shovels. The shovels can move up to 100,000 tons of ore and waste rock per day, the company claims. The raw material is processed from the ore by grinding, floatation and crushing methods.
The company also has a significant interest in various development and advanced exploration projects in Canada, including Kemess Underground Project and Berg Development Property.
The gold mining firm claims to undertake various sustainable initiatives and contributes towards community engagement programs.
The stocks trade on the Toronto Stock Exchange with the symbol 'CG'.
1 University Avenue, Suite 1500 Toronto, ON M5J 2P1