Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Centerra Gold Inc.    CG   CA1520061021

CENTERRA GOLD INC. (CG)
My previous session
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsTweets

Centerra Gold : Announces Sale of Mongolian Business Unit

share with twitter share with LinkedIn share with facebook
share via e-mail
0
10/12/2018 | 06:15pm CEST

TORONTO, Oct. 12, 2018 (GLOBE NEWSWIRE) -- Centerra Gold Inc. (“Centerra”) (TSX: CG) announced today that it has completed the sale of its Mongolian business unit, including the Boroo Gold Mine and processing facility and the Gatsuurt Gold Project to OZD ASIA PTE Ltd. (“OZD”), for net proceeds of US$35 million.  OZD has purchased all of the outstanding shares and debt of Centerra Netherlands, BVBA which is the 100% direct shareholder of the Company’s Mongolian subsidiaries, Boroo Gold LLC and Centerra Gold Mongolia LLC (“CGM”).

Under the purchase agreement, OZD will retain the US$5 million payment received in September 2018 and the additional US$5 million to be received by CGM from Steppe Gold LLC in respect of the previous sale of the ATO Project.

Scott Perry, Centerra’s President and Chief Executive Officer stated “the disposition of the Mongolian business unit is another step forward in enhancing the overall quality of Centerra’s portfolio of assets and will allow management to focus on the Company’s development projects in other jurisdictions, including Canada and Turkey”.

OZD is a private, Singapore based company that focuses on emerging markets mining and metal assets by acquiring, financing and operating in order to bring value to its shareholders.

About Centerra
Centerra Gold Inc. is a Canadian-based gold mining company focused on operating, developing, exploring and acquiring gold properties in North America, Asia and other markets worldwide and is the largest Western-based gold producer in Central Asia.  Centerra operates two flagship assets, the Kumtor Mine in the Kyrgyz Republic and the Mount Milligan Mine in British Columbia, Canada and is building its 100% owned Öksüt Gold Mine in Turkey.  Centerra's shares trade on the Toronto Stock Exchange (TSX) under the symbol CG.  The Company is based in Toronto, Ontario, Canada.

For more information:

John W. Pearson
Vice President, Investor Relations
(416) 204-1953
john.pearson@centerragold.com

Additional information on Centerra is available on its web site at www.centerragold.com and at SEDAR at www.sedar.com.

A PDF accompanying this announcement is available at http://resource.globenewswire.com/Resource/Download/3c2d8e12-09a9-4c7d-9960-d22ddc9234a7

centerralogo.png

Source: Centerra Gold Inc.

2018 GlobeNewswire, Inc., source Press Releases

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on CENTERRA GOLD INC.
12:26pSTEPPE GOLD : Draws on Second Upfront Deposit Under Triple Flag Bermuda Gold Str..
AQ
10/12CENTERRA GOLD : Announces Sale of Mongolian Business Unit
AQ
10/10MILLROCK RESOURCES : Reports Drilling Program under Way at El Picacho Gold Proje..
AQ
09/25CENTERRA GOLD : 2018 Third Quarter Results Conference Call and Webcast
AQ
09/21CENTERRA GOLD : 2018 Third Quarter Results Conference Call and Webcast
AQ
09/18CENTERRA GOLD : Provides Mount Milligan Water Permitting Update
AQ
09/14CENTERRA GOLD : Provides Mount Milligan Water Permitting Update
AQ
08/24CENTERRA GOLD : Provides Update on Strategic Agreement with the Kyrgyz Republic
AQ
08/22CENTERRA GOLD : Provides Update on Strategic Agreement with the Kyrgyz Republic
PU
08/22CENTERRA GOLD : Provides Update on Strategic Agreement with the Kyrgyz Republic
AQ
More news
News from SeekingAlpha
09/25RESOURCE SECTOR DIGEST : New Gold Cleaning The Slate, Again 
08/23Centerra Gold, Kyrgyz extend Kumtor settlement deadline for fifth time 
08/05Centerra Gold Inc. (CAGDF) CEO Scott Perry on Q2 2018 Results - Earnings Call.. 
08/01Centerra Gold Inc. 2018 Q2 - Results - Earnings Call Slides 
08/01Centerra Gold reports Q2 results 
Financials ($)
Sales 2018 1 069 M
EBIT 2018 160 M
Net income 2018 126 M
Debt 2018 127 M
Yield 2018 -
P/E ratio 2018 9,64
P/E ratio 2019 8,87
EV / Sales 2018 1,25x
EV / Sales 2019 1,09x
Capitalization 1 208 M
Chart CENTERRA GOLD INC.
Duration : Period :
Centerra Gold Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends CENTERRA GOLD INC.
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 11
Average target price 6,09 $
Spread / Average Target 49%
EPS Revisions
Managers
NameTitle
Scott Graeme Perry President, Chief Executive Officer & Director
Stephen A. Lang Non-Executive Chairman
Gordon D. Reid Chief Operating Officer & Vice President
Darren J. Millman Chief Financial Officer & Vice President
Bruce V. Walter Vice Chairman
Sector and Competitors
1st jan.Capitalization (M$)
CENTERRA GOLD INC.-17.70%1 208
NEWMONT MINING CORPORATION-14.61%17 090
BARRICK GOLD CORP-10.73%14 548
NEWCREST MINING LIMITED-12.84%10 862
AGNICO EAGLE MINES LTD-16.28%8 742
POLYUS PAO--.--%8 555