# Centerra Gold

Centerra Gold is an Asset Manager based in Toronto, Canada.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Toronto, Canada
- **Region:** North America
- **Address:** Toronto, Ontario, Canada
- **Founded:** 2004
- **Assets under management:** Undisclosed
- **Website:** centerragold.com
- **LinkedIn:** https://www.linkedin.com/company/centerragold

## Regulatory record

- **Reports private funds:** No

## About

Centerra Gold Inc. is a mining-focused investment firm. It has made one investment, deploying $22 million in total capital.

## Sectors

- Mining & Metals

## People

- Paul Tomory — President and Chief Executive Officer

## Questions

### What are Centerra's producing assets now?

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.

### What is Centerra's M&A strategy post-expropriation?

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.

### How does Centerra manage geopolitical risk now?

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.

## Related profiles

- [Seadrill](https://altss.com/profile/seadrill-ltd)
- [Allied Gold Corp](https://altss.com/profile/allied-gold-corp)

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Last updated: 2026-06-03T20:00:00.000Z

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