Centerra Gold
Encyclopedia
Centerra Gold Inc. 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
spun off its gold mining assets previously held by its 100%-owned subsidiary, Cameco Gold. On December 30, 2009 Cameco completed the disposition of its remaining interest in Centerra Gold.
Centerra owns and operates two gold producing mines:
It also has interests in gold exploration properties:
In 2009, two Centerra's mines produced over 676,000 ounces (18,200 kg) of gold; company's proven and probable reserves stand at 7.3 million ounces (220,000 kg) as of December 31, 2009.
Gold mining
Gold mining is the removal of gold from the ground. There are several techniques and processes by which gold may be extracted from the earth.-History:...
company headquartered in Toronto
Toronto
Toronto is the provincial capital of Ontario and the largest city in Canada. It is located in Southern Ontario on the northwestern shore of Lake Ontario. A relatively modern city, Toronto's history dates back to the late-18th century, when its land was first purchased by the British monarchy from...
, Ontario
Ontario
Ontario is a province of Canada, located in east-central Canada. It is Canada's most populous province and second largest in total area. It is home to the nation's most populous city, Toronto, and the nation's capital, Ottawa....
, Canada
Canada
Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...
.
The company was formed and went public in 2004 when Saskatoon
Saskatoon
Saskatoon is a city in central Saskatchewan, Canada, on the South Saskatchewan River. Residents of the city of Saskatoon are called Saskatonians. The city is surrounded by the Rural Municipality of Corman Park No. 344....
, Saskatchewan
Saskatchewan
Saskatchewan is a prairie province in Canada, which has an area of . Saskatchewan is bordered on the west by Alberta, on the north by the Northwest Territories, on the east by Manitoba, and on the south by the U.S. states of Montana and North Dakota....
-based Cameco Corporation
Cameco
Cameco Corporation is the world's largest publicly traded uranium company, based in Saskatoon, Saskatchewan. In 2009, it was the world's second largest uranium producer, accounting for 16% of world production.-History:...
spun off its gold mining assets previously held by its 100%-owned subsidiary, Cameco Gold. On December 30, 2009 Cameco completed the disposition of its remaining interest in Centerra Gold.
Centerra owns and operates two gold producing mines:
- Kumtor Gold MineKumtor Gold MineKumtor Gold Mine is an open-pit gold mining site in Issyk Kul Province of Kyrgyzstan located about 350 km southeast of the capital Bishkek and 80 km south of Lake Issyk-Kul near the border with China....
in KyrgyzstanKyrgyzstanKyrgyzstan , officially the Kyrgyz Republic is one of the world's six independent Turkic states . Located in Central Asia, landlocked and mountainous, Kyrgyzstan is bordered by Kazakhstan to the north, Uzbekistan to the west, Tajikistan to the southwest and China to the east...
(100% equity interest) - Boroo Gold MineBoroo Gold MineBoroo Gold Mine is an open-pit gold mining site in Mongolia located about 110 km WNW of the capital Ulaanbaatar in Bayangol and Mandal sums of Selenge Province in northern Mongolia. Gatsuurt Gold Mine is 35 E from Boroo Gold Mine....
in MongoliaMongoliaMongolia is a landlocked country in East and Central Asia. It is bordered by Russia to the north and China to the south, east and west. Although Mongolia does not share a border with Kazakhstan, its western-most point is only from Kazakhstan's eastern tip. Ulan Bator, the capital and largest...
(100% equity interest)
It also has interests in gold exploration properties:
- Gatsuurt property in MongoliaMongoliaMongolia is a landlocked country in East and Central Asia. It is bordered by Russia to the north and China to the south, east and west. Although Mongolia does not share a border with Kazakhstan, its western-most point is only from Kazakhstan's eastern tip. Ulan Bator, the capital and largest...
near Boroo (100% equity interest) - REN property in NevadaNevadaNevada is a state in the western, mountain west, and southwestern regions of the United States. With an area of and a population of about 2.7 million, it is the 7th-largest and 35th-most populous state. Over two-thirds of Nevada's people live in the Las Vegas metropolitan area, which contains its...
, USA (64% equity interest, joint venture with Barrick GoldBarrick GoldBarrick Gold Corporation is the largest pure gold mining company in the world, with its headquarters in Toronto, Ontario, Canada; and four regional business units located in Australia, Africa, North America and South America...
)
In 2009, two Centerra's mines produced over 676,000 ounces (18,200 kg) of gold; company's proven and probable reserves stand at 7.3 million ounces (220,000 kg) as of December 31, 2009.