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Centerra Gold Inc. (T:CG)

Business Focus: Gold Mining

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