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Centerra Gold Inc (CG.TO)

CG.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Centerra Gold Provides Operations Update
Wednesday, 27 Dec 2017 07:00am EST 

Dec 27 (Reuters) - Centerra Gold Inc ::CENTERRA GOLD PROVIDES OPERATIONS UPDATE.CENTERRA GOLD - ‍DUE TO LACK OF SUFFICIENT WATER RESOURCES, MILL PROCESSING OPERATIONS AT MOUNT MILLIGAN MINE IN BRITISH COLUMBIA TEMPORARILY SUSPENDED​.CENTERRA-‍MILL PROCESSING OPERATIONS AT MOUNT MILLIGAN MINE​ EXPECTED TO RECOMMENCE AT PARTIAL CAPACITY BY JAN 2018 END,FULL CAPACITY AFTER SPRING MELT.CENTERRA GOLD INC - ‍EXPECTS TO ISSUE 2018 FULL YEAR PRODUCTION GUIDANCE IN MID-JANUARY 2018​.  Full Article

Centerra Gold announces acquisition of AuRico Metals
Tuesday, 7 Nov 2017 07:00am EST 

Nov 7 (Reuters) - AuRico Metals Inc. :Centerra gold announces friendly acquisition of aurico metals.AuRico Metals Inc. - deal for ‍an aggregate transaction value of c$310 million.​.AuRico Metals Inc. - deal for ‍C$1.80 in cash consideration per share​.AuRico Metals Inc. - ‍arrangement will require approval by 66 2/3 percent of votes cast at a special meeting of Aurico Metals shareholders​.AuRico Metals Inc. - ‍arrangement agreement includes customary provisions including non-solicitation provisions​.AuRico Metals Inc. - ‍arrangement agreement includes a c$12 million termination fee payable to Centerra under certain customary circumstances​.AuRico Metals - deal acquisition is expected to be financed through a combination of new US$125 million acquisition facility and cash on hand at Centerra​.AuRico Metals Inc - deal‍ expected to be accretive to Centerra shareholders, on a per share basis, to net asset value, reserves and resources​.AuRico Metals Inc. - ‍Centerra plans to restructure its current debt facilities in connection with closing of arrangement​.  Full Article

Centerra Gold reports qtrly ‍adj earnings per share $0.18​
Tuesday, 31 Oct 2017 06:00pm EDT 

Oct 31 (Reuters) - Centerra Gold Inc :Q3 revenue $276.2 million versus I/B/E/S view $291.8 million.Centerra Gold Inc qtrly ‍adj earnings per share $0.18​.Centerra Gold Inc - qtrly earnings per share $0.00‍​.Q3 earnings per share view $0.22 -- Thomson Reuters I/B/E/S.Centerra Gold Inc - sees 2017 gold production of 775,000 ounces to 815,000 ounces​.  Full Article

Centerra Gold announces quarterly dividend of C$0.04 per share
Tuesday, 26 Jul 2016 08:23pm EDT 

Centerra Gold Inc :Centerra Gold announces quarterly dividend of c$0.04 per share.  Full Article

Centerra Gold qtrly EPS $0.01
Tuesday, 26 Jul 2016 08:22pm EDT 

Centerra Gold Inc : Qtrly revenue $161.6 million versus $146.8 million . "lowered our overall expected capital expenditures for year to $140 million a 48% decrease, excluding capitalized stripping" . Says revised its 2016 forecast to reflect lower operating costs, capital expenditures and dd&a expense at kumtor . Centerra gold favourably revises 2016 guidance and reports second quarter results . Q2 earnings per share $0.01 . Q2 earnings per share view $0.05 -- Thomson Reuters I/B/E/S .Narrowing expected gold production to 500,000 - 530,000 ounces for the full year.  Full Article

Centerra Gold announces quarterly dividend of C$0.04 per share
Tuesday, 26 Jul 2016 07:35pm EDT 

Centerra Gold Inc :Centerra Gold announces quarterly dividend of c$0.04 per share.  Full Article

Centerra Gold qtrly EPS $0.01
Tuesday, 26 Jul 2016 07:27pm EDT 

Centerra Gold Inc : Qtrly revenue $161.6 million versus $146.8 million . "lowered our overall expected capital expenditures for year to $140 million a 48% decrease, excluding capitalized stripping" . Says revised its 2016 forecast to reflect lower operating costs, capital expenditures and dd&a expense at kumtor . Centerra gold favourably revises 2016 guidance and reports second quarter results . Q2 earnings per share $0.01 . Q2 earnings per share view $0.05 -- Thomson Reuters I/B/E/S .Narrowing expected gold production to 500,000 - 530,000 ounces for the full year.  Full Article

Riverside Resources says signed option agreement with Centerra Gold
Tuesday, 26 Jul 2016 09:00am EDT 

Riverside Resources : Signed option agreement with Centerra Gold for Glor Gold project .Centerra to have option to earn 70 pct interest in project by funding US$3.5 million in exploration work over next 4 years.  Full Article

Centerra Gold to buy Thompson Creek Metals for $1.1 bln
Tuesday, 5 Jul 2016 04:08pm EDT 

Centerra Gold Inc : Centerra Gold and Thompson Creek announce transformational business combination . Total transaction value, including assumption of capital lease obligations, is equal to approx. $1.1 billion . Centerra will redeem all of Thompson Creek's secured and unsecured notes at their call price plus accrued and unpaid interest . Arrangement agreement has been approved by board of directors of each of Centerra and Thompson Creek . Endako, Thompson Creek mines will be kept on care and maintenance, Thompson Creek mill will continue to be used as concentrate upgrade facility . Exchange ratio for deal implies consideration of c$0.79 per thompson creek common share . Upon deal closing, Royal Gold's 52.25% gold streaming interest at mount milligan to be amended to 35% gold stream, 18.75% copper stream . Redemption of Thompson Creek's 9.75% secured notes to also be financed with c$170 million bought deal subscription receipt offering . Upon completion, existing Centerra, Creek shareholders expected to own about 92% and 8%, respectively, of pro forma company . Deal expected to be accretive to cash flow, NAV, reserves and production per share . Addition of secondary crushing at Mount Milligan mine by year end 2016, as planned, expected to increase throughput to over 62,500 tpd . All Thompson Creek outstanding shares will be exchanged on basis of 0.0988 of centerra share for each Thompson Creek common share.  Full Article

Royal Gold supports Centerra Gold-Thompson Creek transaction
Tuesday, 5 Jul 2016 03:56pm EDT 

Royal Gold Inc : Supports Centerra Gold/Thompson Creek transaction . Co's security position related to Mount Milligan will remain unchanged with respect to gold and will be amended to include copper . Expects about two-thirds of future net revenue from Mount Milligan will be gold related and one-third copper related over next ten years . After transition to amended stream, expects about 85% of its total net revenue will come from precious metals and 15% from base metals . Royal Gold will continue to pay $435 per ounce of gold delivered and will pay 15% of spot price per metric tonne of copper delivered . Estimates amendment at Mount Milligan interest to be value neutral on a discounted cash flow basis . Co's 52.25% gold streaming interest at Mount Milligan will be amended conditional on closing of Centerra's acquisition of Thompson Creek .Co's 52.25% gold streaming interest at Mount Milligan will be amended to a 35% gold stream and 18.75% copper stream on closing of deal.  Full Article

Kyrgyz state miner has not seen Chaarat's Kumtor takeover offer

BISHKEK Kyrgyz gold miner Kyrgyzaltyn has not yet seen or studied an offer by Chaarat Gold Holdings to take over the Kumtor gold mine, its deputy chief executive, Bektur Sagynov, said on Wednesday.