Sector: Basic Materials | Industry: Gold |
Company Contact | |
Address: | 1 University Ave Suite 1500 TORONTO ON M5J 2P1 |
Tel: | N/A |
Website: | https://www.centerragold.com |
IR: | See website |
Key People | ||
Paul B. Tomory President, Chief Executive Officer | Darren J. Millman Chief Financial Officer, Executive Vice President | Paul Chawrun Chief Operating Officer |
Claudia D' Orazio Chief Human Resource Officer, Executive Vice President, Chief Technology Officer | Yousef Rehman Executive Vice President, General Counsel | Dennis C. Kwong Executive Vice President - Business Development |
Business Overview |
Centerra Gold Inc. is a Canada-based gold mining company. The Company is focused on operating, developing, exploring, and acquiring gold and copper properties in North America, Turkiye, and other markets around the world. 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 Underground Project in British Columbia, Canada, and owns and operates the Molybdenum Business Unit in the United States and Canada. Mount Milligan is located approximately 155 kilometers (km) northwest of Prince George in central British Columbia, Canada. The Oksut Mine is located in the Kayseri province of south-central Turkiye, approximately 295 km to the southeast of the capital city of Ankara. The Goldfield project is a conventional open-pit, heap leach project in late-stage development, with three known deposits: Gemfield, Goldfield Main, and McMahon Ridge. |
Financial Overview |
For the fiscal year ended 31 December 2023, Centerra Gold Inc. revenues increased 29% to $1.09B. Net loss increased 5% to $81.3M. Revenues reflect Öksüt segment increase from $101.6M to $380.9M, Molybdenum segment increase of 11% to $306.7M, Turkey segment increase from $101.6M to $380.9M, United States segment increase of 11% to $306.7M. Higher net loss reflects Molybdenum segment loss totaling $65M vs. income of $60.1M. |
Employees: | 1,150 as of Dec 31, 2022 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $896.20M as of Dec 31, 2023 |
Annual revenue (TTM): | $1,485M as of Dec 31, 2023 |
EBITDA (TTM): | $246.43M as of Dec 31, 2023 |
Net annual income (TTM): | -$110.27M as of Dec 31, 2023 |
Free cash flow (TTM): | $156.54M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 215,546,414 as of Feb 22, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |