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Centerra Gold Inc (CG.TO)

CG.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Centerra Gold announces acquisition of AuRico Metals
Tuesday, 7 Nov 2017 

Nov 7 (Reuters) - AuRico Metals Inc. :Centerra gold announces friendly acquisition of aurico metals.AuRico Metals Inc. - deal for ‍an aggregate transaction value of c$310 million.​.AuRico Metals Inc. - deal for ‍C$1.80 in cash consideration per share​.AuRico Metals Inc. - ‍arrangement will require approval by 66 2/3 percent of votes cast at a special meeting of Aurico Metals shareholders​.AuRico Metals Inc. - ‍arrangement agreement includes customary provisions including non-solicitation provisions​.AuRico Metals Inc. - ‍arrangement agreement includes a c$12 million termination fee payable to Centerra under certain customary circumstances​.AuRico Metals - deal acquisition is expected to be financed through a combination of new US$125 million acquisition facility and cash on hand at Centerra​.AuRico Metals Inc - deal‍ expected to be accretive to Centerra shareholders, on a per share basis, to net asset value, reserves and resources​.AuRico Metals Inc. - ‍Centerra plans to restructure its current debt facilities in connection with closing of arrangement​.  Full Article

Centerra Gold reports qtrly ‍adj earnings per share $0.18​
Wednesday, 1 Nov 2017 

Oct 31 (Reuters) - Centerra Gold Inc :Q3 revenue $276.2 million versus I/B/E/S view $291.8 million.Centerra Gold Inc qtrly ‍adj earnings per share $0.18​.Centerra Gold Inc - qtrly earnings per share $0.00‍​.Q3 earnings per share view $0.22 -- Thomson Reuters I/B/E/S.Centerra Gold Inc - sees 2017 gold production of 775,000 ounces to 815,000 ounces​.  Full Article

Centerra Gold announces quarterly dividend of C$0.04 per share
Wednesday, 27 Jul 2016 

Centerra Gold Inc :Centerra Gold announces quarterly dividend of c$0.04 per share.  Full Article

Centerra Gold qtrly EPS $0.01
Wednesday, 27 Jul 2016 

Centerra Gold Inc : Qtrly revenue $161.6 million versus $146.8 million . "lowered our overall expected capital expenditures for year to $140 million a 48% decrease, excluding capitalized stripping" . Says revised its 2016 forecast to reflect lower operating costs, capital expenditures and dd&a expense at kumtor . Centerra gold favourably revises 2016 guidance and reports second quarter results . Q2 earnings per share $0.01 . Q2 earnings per share view $0.05 -- Thomson Reuters I/B/E/S .Narrowing expected gold production to 500,000 - 530,000 ounces for the full year.  Full Article

Centerra Gold announces quarterly dividend of C$0.04 per share
Wednesday, 27 Jul 2016 

Centerra Gold Inc :Centerra Gold announces quarterly dividend of c$0.04 per share.  Full Article

Centerra Gold qtrly EPS $0.01
Wednesday, 27 Jul 2016 

Centerra Gold Inc : Qtrly revenue $161.6 million versus $146.8 million . "lowered our overall expected capital expenditures for year to $140 million a 48% decrease, excluding capitalized stripping" . Says revised its 2016 forecast to reflect lower operating costs, capital expenditures and dd&a expense at kumtor . Centerra gold favourably revises 2016 guidance and reports second quarter results . Q2 earnings per share $0.01 . Q2 earnings per share view $0.05 -- Thomson Reuters I/B/E/S .Narrowing expected gold production to 500,000 - 530,000 ounces for the full year.  Full Article

Riverside Resources says signed option agreement with Centerra Gold
Tuesday, 26 Jul 2016 

Riverside Resources : Signed option agreement with Centerra Gold for Glor Gold project .Centerra to have option to earn 70 pct interest in project by funding US$3.5 million in exploration work over next 4 years.  Full Article

Centerra Gold to buy Thompson Creek Metals for $1.1 bln
Wednesday, 6 Jul 2016 

Centerra Gold Inc : Centerra Gold and Thompson Creek announce transformational business combination . Total transaction value, including assumption of capital lease obligations, is equal to approx. $1.1 billion . Centerra will redeem all of Thompson Creek's secured and unsecured notes at their call price plus accrued and unpaid interest . Arrangement agreement has been approved by board of directors of each of Centerra and Thompson Creek . Endako, Thompson Creek mines will be kept on care and maintenance, Thompson Creek mill will continue to be used as concentrate upgrade facility . Exchange ratio for deal implies consideration of c$0.79 per thompson creek common share . Upon deal closing, Royal Gold's 52.25% gold streaming interest at mount milligan to be amended to 35% gold stream, 18.75% copper stream . Redemption of Thompson Creek's 9.75% secured notes to also be financed with c$170 million bought deal subscription receipt offering . Upon completion, existing Centerra, Creek shareholders expected to own about 92% and 8%, respectively, of pro forma company . Deal expected to be accretive to cash flow, NAV, reserves and production per share . Addition of secondary crushing at Mount Milligan mine by year end 2016, as planned, expected to increase throughput to over 62,500 tpd . All Thompson Creek outstanding shares will be exchanged on basis of 0.0988 of centerra share for each Thompson Creek common share.  Full Article

Royal Gold supports Centerra Gold-Thompson Creek transaction
Wednesday, 6 Jul 2016 

Royal Gold Inc : Supports Centerra Gold/Thompson Creek transaction . Co's security position related to Mount Milligan will remain unchanged with respect to gold and will be amended to include copper . Expects about two-thirds of future net revenue from Mount Milligan will be gold related and one-third copper related over next ten years . After transition to amended stream, expects about 85% of its total net revenue will come from precious metals and 15% from base metals . Royal Gold will continue to pay $435 per ounce of gold delivered and will pay 15% of spot price per metric tonne of copper delivered . Estimates amendment at Mount Milligan interest to be value neutral on a discounted cash flow basis . Co's 52.25% gold streaming interest at Mount Milligan will be amended conditional on closing of Centerra's acquisition of Thompson Creek .Co's 52.25% gold streaming interest at Mount Milligan will be amended to a 35% gold stream and 18.75% copper stream on closing of deal.  Full Article

Centerra Gold announces C$170 mln bought deal financing
Wednesday, 6 Jul 2016 

Centerra Gold Inc : Announces c$170 million bought deal financing . Upon completion of deal, existing Centerra, Thompson Creek shareholders are expected to own approximately 92% and 8% of pro forma company . Bought deal financing of 23.1 million subscription receipts at a price of c$7.35 per subscription receipt . Net proceeds of offering will be used to partially fund redemption of secured and unsecured notes of Thompson Creek Metals Company Inc .Thompson Creek shareholders expected to own approximately 92% and 8% of pro forma co, respectively, on a fully-diluted in--money basis.  Full Article

Centerra Gold to buy AuRico Metals in C$310 million deal

Canadian miner Centerra Gold Inc said on Tuesday it would buy smaller rival AuRico Metals Inc in a deal valued at C$310 million ($243 million).