CGAU

Centerra Gold Inc. is a gold mining company operating mines and development projects in Turkey, Canada, and other jurisdictions. The company's producing assets include the Mount Milligan gold-copper mine in British Columbia, Canada, and the Öksüt gold mine in Turkey. Centerra also owns the Kemess underground project in Canada and exploration properties. The company was formed through the 2004 privatization of Kyrgyz government-owned Kumtor Gold Company and was headquartered in Toronto, Canada. Centerra experienced major challenges including the 2021 seizure of its Kumtor mine in Kyrgyzstan by the Kyrgyz government, resulting in significant asset write-offs and international arbitration proceedings. The loss of Kumtor transformed Centerra into a smaller, restructured gold producer. The company has refocused on its remaining Canadian and Turkish operations while pursuing arbitration and exploring growth opportunities. Centerra faces operational challenges, political and regulatory risks in Turkey, capital intensity of project development, and commodity price volatility. The company benefits from remaining assets and potential arbitration recoveries. Centerra continues to operate its mines, optimize production, and pursue strategic alternatives to enhance shareholder value.