Centerra Gold

Centerra operates the Mount Milligan copper-gold mine in British Columbia, Canada, and the Öksüt gold mine in Turkey. Mount Milligan is the core driver, producing over 180,000 ounces of gold and 60 million pounds of copper annually. Öksüt contributes lower-cost oxide gold production, with guidance of roughly 120,000–140,000 ounces for 2024.

Per the firm's public communications, Centerra's board has authorized a strategy focused exclusively on OECD jurisdictions—prioritizing North America—with a mandate to acquire late-stage development or producing gold and copper assets. The company has a net cash position exceeding $600 million and a $400 million undrawn credit facility to fund acquisitions.

The loss of Kumtor resulted in an explicit board and management mandate to avoid operating jurisdictions with unstable governance structures. The current portfolio is limited to Canada and Turkey, with stated acquisition criteria further narrowing to OECD countries. The firm's concession agreement with the Turkish government includes an international arbitration clause.