Centerra Gold Inc. is a Canadian mining company that owns and operates the Mount Milligan copper-gold mine in British Columbia, Canada, and the Öksüt gold mine in Turkey. Through its Thompson Creek Metals subsidiary company, it also owns the Endako and Thompson Creek molybdenum mines in British Columbia and Idaho, respectively, though they have been inactive since Centerra's acquisition. The company formerly owned and operated the Kumtor Gold Mine in the Kyrgyz Republic and the Boroo Gold Mine in Mongolia. Headquartered in Toronto, Centerra Gold is a public company with shares traded on the Toronto Stock Exchange and New York Stock Exchange.
History
Centerra Gold is the result of a corporate spin-off the Cameco Corporation's gold mining interests. In 2002 the Canadian uranium mining company Cameco created the Kumtor Mountain Holdings Corporation as a subsidiary which, in December 2003, would be re-named Centerra Gold. As part of a new restructuring and investment agreement the Government of the Kyrgyz Republic, effective June 2004, under which tax and legal rules governing the Kumtor project were finalized, both Cameco (66%) and Kyrgyz Republic-owned Kyrgyzaltyn JSC (33%) transferred their interests in the Kumtor mine to Centerra, with outstanding debts owed to the International Finance Corporation and the European Bank for Reconstruction and Development exchanged for a 4% interest in the new company.