Centrera Gold (TSX: CG) is a Canada-based gold mining company focused on the exploitation, development, exploration and acquisition of gold properties in North America, Asia and other markets around the world . The company is one of the largest Western-based gold producers in Central Asia. It has three operating properties, including the Kumtor mine in the Kyrgyz Republic, the Mount Milligan mine in British Columbia, Canada, and the ÃksÃ¼t mine in Turkey.
Various mining assets
The ÃksÃ¼t mine completed the first gold pour in January 2020 and declared commercial production in May 2020. The company also has a pre-development project in British Columbia called the Kemess Project. It also owns a molybdenum business, which includes the Thompson Creek Mine in Centerra, Idaho, United States, and the Endako Mine in British Columbia.
In addition, the company also operates the Langeloth metallurgical processing plant in Pennsylvania, United States. It also holds exploration interests in Canada, the United States and Turkey, which belong to Centerra, and properties in Canada, Finland, Turkey and the United States, in which Centerra holds majority or minority interests. under option agreements with owners.
Realistic business goals
Centerra has built a team-based culture of excellence that responsibly delivers sustainable value and growth. The company has attracted a variety of skilled talents and invested in people through continuous learning and development programs, and has created a safe, fair, respectful and inclusive culture.
Continuous improvement of Centerra’s existing operations is a priority for the company. He evaluates development properties with a view to building and diversifying on Centerra’s existing operational platform or divesting them based on financial returns and strategic alignment. The company also focuses on exploration efforts at existing operations with an appropriate risk / reward trade-off and a preference for areas and operations where it has some form of competitive advantage. The company is also evaluating merger and acquisition opportunities, focusing on areas and opportunities where it has demonstrated unique expertise and attributes.
Profitable business operations
The company’s main business activities in gold and copper production span six main stages of the mining cycle, from initial exploration to mine closure and reclamation. Centerra’s exploration programs are focused on increasing the Company’s mineral reserves and resources. These programs include drilling in the immediate vicinity of operating Centerra mines to replace mined mineral reserves, drilling programs on late stage projects where gold mineralization has been identified, and basic exploration on projects where the gold or copper mineralization has not been identified.
A strong pipeline of opportunities
In addition, Centerra’s exploration and business development teams are actively seeking new project opportunities around the world. If the company’s exploration programs are successful in identifying a mineral resource, the prospects for economic extraction of the resource are then analyzed through a series of technical studies. These include metallurgical studies, scoping studies, environmental studies, mine and processing design, preliminary assessment studies, pre-feasibility studies and feasibility studies.
Once feasibility and permits have been obtained, the company arranges project financing, followed by detailed engineering and construction of the mine site and processing facilities. This structured approach is likely to serve shareholders well over the long term.
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