Centerra Gold

Centerra Gold

Infobox Company
company_name = Centerra Gold Inc.
company_
company_type = Public
(tsx|CG)
foundation = 2004
location_city = Toronto
location_country = flagicon|CAN Canada
key_people = Patrick M. James, Chairman
Leonard A. Homeniuk, President & CEO
George R. Burns, COO
David M. Petroff,, CFO
industry = Mining
products = Gold
revenue = C$ 365 million (2006)
net_income = C$ 61 million (2006)
num_employees = 2,946 (2008)cite web |url=http://zenobank.com/index.php?symbol=CA;CG&page=quotesearch|title=Company Profile for Centerra Gold Inc (CA;CG) |accessdate=2008-10-07]
homepage = [http://www.centerra.ca www.centerra.ca]

Centerra Gold Inc. (tsx|CG) is a gold mining company headquartered in Toronto, Ontario, Canada.

The company was formed and went public in 2004 when Saskatoon, Saskatchewan-based Cameco Corporation span off its gold mining assets previously held by its 100%-owned subsidiary, Cameco Gold; Cameco still owns 53% of Centerra's shares.

Centerra owns and operates two gold producing mines:

* Kumtor Gold Mine in Kyrgyzstan (100% equity interest)
* Boroo Gold Mine in Mongolia (95% equity interest)

It also has interests in two gold exploration properties:

* Gatsuurt property in Mongolia near Boroo (100% equity interest)
* REN property in Nevada, USA (69% equity interest, joint venture with Barrick Gold)

In 2006, two Centerra's mines produced over 586,000 ounces (18,200 kg) of gold; company's proven and probable reserves stand at 7.0 million ounces (220,000 kg) as of December 31, 2006.

References

External links

* [http://www.centerra.ca Official company website]


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