Centerra Gold
Centerra Gold is a Toronto-based, mid-tier mining company (TSX/NYSE) producing gold and copper at its Mount Milligan (Canada) and Öksüt (Türkiye) mines plus molybdenum, selling to refiners and commodity buyers while offering equity investors commodity exposure and dividends.
- Company typePublic
- Founded2004
- HeadquartersToronto, Canada
- Headcount1,001–5,000
- GTM typeB2B
- OfferingHardware or Manufacturing
What Centerra Gold does
Centerra Gold Inc. is a Toronto-based, mid-tier precious and base metals mining company (TSX: CG; NYSE: CGAU) incorporated in 2004. It operates two producing mines — the Mount Milligan open-pit copper-gold mine in British Columbia (in production since 2014, with mine life extended to 2045) and the Öksüt open-pit heap-leach gold mine in Türkiye (in production since 2020). It also runs a Molybdenum Business Unit comprising the Thompson Creek mine in Idaho (restart targeted mid-2027), the Langeloth Metallurgical Facility in Pennsylvania (which buys third-party concentrate and refines finished moly products), and the 75%-owned Endako mine in BC (on care and maintenance). In 2025 it produced over 275 koz of gold and 50 Mlb of copper at an all-in sustaining cost of $1,614/oz.
Revenue is generated through the direct sale of physical commodities — gold and copper from its mines, plus refined molybdenum products — to refiners, commodity traders, and industrial buyers under offtake agreements; Öksüt doré is refined at the Istanbul Gold Refinery, and Langeloth supplies North American steel and specialty-alloy markets. Net realization on Mount Milligan gold and copper is affected by a long-term streaming agreement with Royal Gold, which provides upfront cash and ongoing royalties. The company's go-to-market is effectively a capital-markets function: it sells equity exposure to institutional and retail investors via investor relations, earnings calls, and mining conferences, returning capital through a C$0.07/share quarterly dividend (~US$10M/quarter) and an NCIB buyback program.
Centerra is positioned as a self-funded organic growth story with a strong balance sheet — $529M cash at end-2025, growing to $543M (and $943.5M total liquidity including a $400M facility) by Q1 2026 — and no debt. It is advancing a multi-asset development pipeline: the Goldfield gold project in Nevada (first production expected end-2028), the Kemess gold-copper project in BC (PEA published January 2026, PFS expected 2027), and the Thompson Creek moly restart. Alongside organic development, it has built a portfolio of ~9.9% minority equity stakes in junior explorers (Thesis Gold, Nevada King, Liberty Gold, Kenorland, Dryden, Midland, Metal Energy) and an earn-in on Headwater Gold's Crane Creek project, functioning as an early-stage pipeline-sourcing strategy.
Centerra Gold firmographics
Firmographics- Name
- Centerra Gold
- Legal name
- Centerra Gold Inc.
- Website
- http://centerragold.com/
- Company type
- Public
- Founded year
- 2004
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Centerra Gold is a Toronto-based, mid-tier mining company (TSX/NYSE) producing gold and copper at its Mount Milligan (Canada) and Öksüt (Türkiye) mines plus molybdenum, selling to refiners and commodity buyers while offering equity investors commodity exposure and dividends.
- Ownership category
- akta.pro rank
Centerra Gold industry classification
Industry- Product category
- Gold Mining
- NAICS
- Gold Ore and Silver Ore Mining (212220), Copper, Nickel, Lead, and Zinc Mining (212230)
- SIC
- Gold And Silver Ores (1040), Metal Mining (1000)
- akta.pro primary industry
- Gold Mining (IMAKAEAA)
- akta.pro secondary industries
- Copper Ore Mining (Open-Pit & Underground) (IMAKADAB), Copper By-Products Recovery (Molybdenum, Gold/Silver, Sulfuric Acid) (IMAKADAH)
Keywords
Where Centerra Gold is headquartered
LocationHeadquarters
- HQ city
- Toronto
- HQ country
- Canada
- HQ region
- North America
Offices7 records
Markets served
Centerra Gold business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Personnel, Supply Chain, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- Gold Production: Primary revenue stream from gold production at Mount Milligan Mine (British Columbia) and Öksüt Mine (Türkiye). 2025 production of 275 koz gold. Gold sales at realized prices.
- Copper Production: Secondary revenue stream from copper production as by-product at Mount Milligan. 2025 production of 50 Mlbs copper. Copper sales at realized prices.
- Molybdenum Operations: Molybdenum concentrate production at Thompson Creek Mine and processing at Langeloth Metallurgical Facility. Purchases third-party concentrate, refines into finished molybdenum products for metallurgical and specialty markets.
- Streaming Agreement Revenue: Royalty payments to Royal Gold from Mount Milligan streaming agreement affect net revenue realization on gold and copper sales
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Quarterly | Quarterly dividend to shareholders |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels6 records
Centerra Gold product offering
Product offeringCore offering
Centerra Gold is a mid-tier gold mining company that produces and sells gold, copper, and molybdenum from its operating mines and metallurgical facilities in Canada, the United States, and Türkiye. Its core revenue is generated from gold production at the Mount Milligan copper-gold mine (British Columbia) and the Öksüt gold mine (Türkiye), supplemented by copper by-product sales and a molybdenum business unit that processes concentrate for industrial buyers.
Product overview
Centerra Gold is a Canadian-based mid-tier gold mining company operating two producing mines: the Mount Milligan Mine (copper-gold) in British Columbia and the Öksüt Mine (gold) in Türkiye. The company is advancing a pipeline of organic growth projects including the Kemess gold-copper project in British Columbia, the Goldfield gold project in Nevada, and the Thompson Creek molybdenum mine restart in Idaho. Centerra also operates the Langeloth Metallurgical Facility in Pennsylvania and holds a 75% interest in the Endako molybdenum mine in British Columbia (on care and maintenance). The company also maintains an active exploration program across its properties in Canada, the United States, and Türkiye.
Differentiator
Problem solved
Functional benefit
Products and services
- Mount Milligan Mine A conventional truck-shovel open-pit copper and gold mine located 155 km northwest of Prince George in British Columbia, Canada, with a 60 ktpd copper-gold flotation plant producing gold and copper as co-products. Commercial production achieved February 18, 2014, with mine life extending to 2045.
- Öksüt Mine An open-pit heap leach gold mining operation located 295 km southeast of Ankara in Kayseri, Türkiye, producing gold doré bars that are shipped to the Istanbul Gold Refinery. Achieved commercial production May 31, 2020, with mine life to 2029.
- Kemess Project A past-producing gold-copper mine in the highly prospective Toodoggone District in northern interior British Columbia that Centerra is advancing through technical studies for a potential gold-copper mine with an initial 15-year mine life. A Pre-Feasibility Study is expected to be completed in 2027.
- Goldfield Project A development project located on the Walker Lane trend in Esmeralda County, Nevada, USA, 30 miles south of Tonopah, with four mineralized zones outlined: Gemfield, Goldfield Main, Jupiter, and McMahon Ridge. Technical study completed August 2025; expected first production by end of 2028 with approximately 7-year mine life.
- Thompson Creek Mine A primary molybdenum mine located approximately 48 kilometres southwest of Challis in Idaho's Custer County, and one of three primary molybdenum mines in the world outside China. Restart in progress with first production expected mid-2027.
- Langeloth Metallurgical Facility A metallurgical facility located 40 kilometres west of Pittsburgh, Pennsylvania, that purchases molybdenum concentrate from third parties, refines it into finished molybdenum products, and sells to metallurgical and specialty markets. Operations were suspended following a January 30, 2026 explosion.
- Endako Mine A primary molybdenum mine located near Fraser Lake, 161 kilometres northwest of Prince George, British Columbia, in which Centerra holds a 75% interest (Moon River Capital Ltd. holds 25%). Currently on care and maintenance since July 2015.
Quantifiable outcome
- 2025 gold production of 275 koz exceeded guidance
- +5 more outcomes
Companies that use Centerra Gold
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles3 records
Centerra Gold technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Centerra Gold partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- Headwater Gold Inc.coreUS$25 million earn-in agreement where Centerra can earn up to 70% interest in the Crane Creek gold project in Idaho through staged exploration expenditures and completing a preliminary economic assessment. Centerra committed minimum US$2.5 million in first three years.
- First Nations Partners (British Columbia)coreCenterra has established relationships with First Nations partners through existing impact benefit and other agreements at Mount Milligan and Kemess. 25 collaborations with Indigenous-owned businesses in BC, up from 21 in 2024.
- World Gold CouncilcoreCenterra is a member of the World Gold Council and maintains independently assured conformance with the Responsible Gold Mining Principles (RGMPs).
Scale indicators20 records
Recent moves2 records
Centerra Gold competitors and assessment
Company assessmentBroad incumbents
- Newmont Corporation: World's largest gold miner with diversified global portfolio including copper and silver exposure. Larger and broader than Centerra but operates in the same commodities and serves as a benchmark for gold-sector valuation.
- Barrick Gold Corporation: Major diversified gold and copper producer with operations across multiple continents. Larger incumbent in the same commodity set as Centerra, providing upper-band sector benchmarks.
Direct peers
- IAMGOLD Corporation: Canadian mid-tier gold producer with West African and Canadian operations. Comparable mid-cap scale with mixed jurisdictional profile and a development/construction pipeline similar to Centerra's Kemess/Goldfield stage.
- Eldorado Gold Corporation: Canadian mid-tier gold producer operating mines in Türkiye, Canada, and Greece. Closely comparable on the Türkiye operational footprint (Öksüt vs. Eldorado's Efemçukuru and Lamaque operations) and mid-cap scale.
- Alamos Gold: Canadian intermediate gold producer with operations in Canada, Mexico, and Türkiye. Highly comparable on the Türkiye operating footprint (Centerra's Öksüt vs. Alamos' Çöpler) and mid-tier scale.
- Kinross Gold Corporation: Canadian-based mid-tier gold producer with multi-mine portfolio and copper exposure. Highly comparable to Centerra on geography, scale, and commodity mix, and shares management lineage (multiple Centerra executives previously held senior roles at Kinross).
- SSR Mining: Intermediate precious metals producer with gold, silver, and copper exposure across multiple jurisdictions. Comparable diversified commodity and mid-cap production profile to Centerra's gold-copper-molybdenum mix.
- Equinox Gold: Canadian mid-tier gold producer operating in the Americas. Comparable mid-cap production profile, with several operating mines and active development/construction projects.
- Agnico Eagle Mines: Senior Canadian gold producer with diversified operating mines across Canada, Australia, and Finland. Comparable to Centerra on jurisdictional quality focus and multi-asset production profile.
Regional players
- Pan American Silver: Mid-tier precious metals producer with diversified silver and gold mining operations primarily in the Americas. Comparable in commodity diversity but more silver-weighted, complementing Centerra's gold-copper-molybdenum mix.
Market position
Strengths5 records
Weaknesses5 records
Key risks6 records
Key highlights7 records
Customer concentration
Centerra Gold social profiles
Digital presenceCenterra Gold compliance and trust
Trust signalCompliance5 records
Centerra Gold financial estimates
Financial estimateRevenue estimate
Valuation estimate
Centerra Gold leadership team
Management profileNumber of profiles
Profiles8 records
Centerra Gold subsidiaries and ownership
Company hierarchySubsidiaries1 record
Centerra Gold funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Centerra Gold M&A and investment
M&A and investmentM&A2 records
Investments17 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Centerra Gold
What does Centerra Gold do?
Centerra Gold is a mid-tier gold mining company that produces and sells gold, copper, and molybdenum from its operating mines and metallurgical facilities in Canada, the United States, and Türkiye. Its core revenue is generated from gold production at the Mount Milligan copper-gold mine (British Columbia) and the Öksüt gold mine (Türkiye), supplemented by copper by-product sales and a molybdenum business unit that processes concentrate for industrial buyers.
Is Centerra Gold a public or private company?
Centerra Gold is a public company. It is classified as public and is currently operating.
When was Centerra Gold founded?
Centerra Gold was founded in 2004. It employs 1,001 to 5,000 people.
Where is Centerra Gold based?
Centerra Gold is headquartered in Toronto, Canada, in the North America region.
How does Centerra Gold make money?
Four revenue lines are on record. Gold Production is the primary driver. The others are copper Production, molybdenum Operations and streaming Agreement Revenue.
Who are Centerra Gold's main competitors?
Broad incumbents on record are Newmont Corporation and Barrick Gold Corporation. Direct peers are IAMGOLD Corporation, Eldorado Gold Corporation, Alamos Gold, Kinross Gold Corporation, SSR Mining, Equinox Gold and Agnico Eagle Mines. Pan American Silver is listed as a regional player.
Does Centerra Gold have an API?
No public API is recorded for Centerra Gold.
What industry is Centerra Gold in?
Centerra Gold's product category is Gold Mining. Its primary akta.pro industry code is IMAKAEAA, Gold Mining, with a secondary code of IMAKADAB, Copper Ore Mining (Open-Pit & Underground). Its NAICS code is 212220 and its SIC code is 1040.