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Centerra Gold Inc T.CG

Alternate Symbol(s):  CGAU

Centerra Gold Inc. is a Canada-based gold mining company focused on operating, developing, exploring and acquiring gold and copper properties in North America, Turkiye, and other markets worldwide. 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 Project in British Columbia, Canada, and owns and operates the Molybdenum Business Unit in the United States and Canada. The Mount Milligan Mine is an open pit mine located in north central British Columbia, Canada producing a gold and copper concentrate. The Oksut Mine is located in Turkiye approximately 300 kilometers southeast of Ankara and 48 kilometers south of Kayseri, the provincial capital. The Molybdenum BU includes the Langeloth Facility in Pennsylvania and two North American molybdenum mines: the Thompson Creek Mine in Idaho and the 75%-owned Endako Mine in British Columbia.


TSX:CG - Post by User

Bullboard Posts
Post by Schmobyon Aug 24, 2016 3:20pm
317 Views
Post# 25173163

Risky Jurisdictions

Risky JurisdictionsThe problem I see with CG is where their assets lie, Kyrgyz Republic Mongolia, and Turkey etc. Some very serious risk attached to those countries.

I really like the TCM acquisition, great assets for a very reasonable price and more importantly safer diversification. 

But to address yesterday’s share drop, something is up I think and apparently not good IMO. This stock is grossly undervalued if its assets were anywhere else in the world. 

The main concern here for me is the ongoing dispute with the Kyrgyz government, never good when a company has to resort to international arbitration to protect its interests.
Bullboard Posts