Centerra Gold Inc T.CG

Alternate Symbol(s): CGAU

Metals & Mining Gold

Centerra Gold Inc. is a Canada-based gold mining company. The Company is focused on operating, developing, exploring, and acquiring gold and copper properties in North America, Turkiye, and other markets around the world. The Company operates two mines: the Mount Milligan Mine in British Columbia, Canada, and the Oksut Mine in Turkiye. The Company also owns the Goldfield District Project in Nevada, United States, the Kemess Underground Project in British Columbia, Canada, and owns and operates the Molybdenum Business Unit in the United States and Canada. Mount Milligan is located approximately 155 kilometers (km) northwest of Prince George in central British Columbia, Canada. The Oksut Mine is located in the Kayseri province of south-central Turkiye, approximately 295 km to the southeast of the capital city of Ankara. The Goldfield project is a conventional open-pit, heap leach project in late-stage development, with three known deposits: Gemfield, Goldfield Main, and McMahon Ridge.

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Centerra Gold Inc > Peachy, Just Peachy

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Post by templetooth2on Sep 26, 2023 10:42am

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Post# 35654445

Peachy, Just Peachy

As telemarker has previously referenced, Greenland Resources today announced go-ahead for the Malmberg moly project.
A quick glance at some of their news releases shows initial capex of $US 820 million, a 20 year mine life, producing 32.8 million annual pounds for the first 10 years from a higher grade portion of the ore supply.
First glance shows Greenland (MOLY on NEO) has 115 million shares out, 126.4 million fully diluted. Remarkably little info on where the $820 million comes from.
MOLY's FS used a base case of $18 per pound.
In 2021 the planet produced 576 million pounds.

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