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Centerra Gold Inc T.CG

Alternate Symbol(s):  CGAU

Metals & Mining Gold
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

Centerra Gold Inc
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Post by TELEMARKERon Aug 07, 2024 9:27am
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Post# 36167281

Q2

Q2
  • Share buybacks: Under Centerra’s normal course issuer bid (“NCIB”) program, the Company repurchased 1,439,700 common shares in the second quarter 2024, for the total consideration of $9.8 million.
  • Thompson Creek Feasibility Study: In the second quarter of 2024, following environmental studies and regulatory reviews, Centerra obtained authorizations for additional lands at Thompson Creek mine, which will enable a proposed pit highwall layback. This approval is subject to a minor update to the reclamation plan and is a key first step in the overall permitting process. Work is progressing on a feasibility study to evaluate the restart of mining operations at the Thompson Creek mine. The Company expects to share results of the study in late summer of 2024, in conjunction with details of an optimized commercial model for Langeloth.
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