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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

Post by Doozeron Jan 21, 2021 10:00am
313 Views
Post# 32343824

Good summary

Good summary I think this is a good artcile that summarizes CG well at this point.  Despite their excellent performance, balance sheet and increasing mountain of cash, unless they further increase and diversify their mines in more friendly jurisidictions many investors will stay away and share price will continue to have a relatively low ceiling.  Movement on JV opporrunities like a schedule for the exploration of Cherry Creek and more M&A must happen.   If management doesn't instill confidence that this is on the horizon on the Feb.24th call then I'll have to consdier selling my holdings as the opportunity cost on other stocks is increasingly harder to pass up whilst having patience with this one.  

https://seekingalpha.com/article/4400132-centerra-gold-newest-oksut-mine-delivers-massive-beat

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