Monday, October 26, 2015

Centerra Gold Inc - CG.t

Centerra Gold Inc - CG.t operates 2 producing mines, Kumtor in the Kyrgyz Republic and the Boroo mine in Mongolia.

In 2014 Centerra produced 620,821 ounces of gold. The Kumtor mine in the Kyrgyz Republic produced more than 9.9 million ounces of gold between 1997 and the end of 2014, and the Boroo mine, which began commercial production in March 2004 and produced approximately 1.8 million ounces of gold by the end of 2014.

On October 13, 2015 the company released News

"Centerra Gold Inc. (TSX: CG) announced today that Scott Perry will be appointed as Chief Executive Officer (CEO), effective November 1, 2015, replacing Ian Atkinson.

Centerra had announced in March 2015 that Mr. Atkinson would retire by year-end. Mr. Perry has more than 20 years of experience in the gold industry. His previous work experience included assignments as CEO at AuRico Gold Incorporated, as Chief Financial Officer (CFO) at AuRico Gold Incorporated, as CFO at Highland Gold, and as CFO at Barrick Gold’s Russian and Central Asia Business Unit. At AuRico, Mr. Perry worked to enhance the project portfolio to longlived, low-cost assets, oversee successful construction and development at the Young Davidson Mine, and deliver three years of annual improvements in productivity and costs. Mr. Perry has a Bachelor of Commerce degree from Curtin University in Perth, Western Australia.

Additionally, Centerra announced the appointment of Mr. Frank Herbert as President. Mr. Herbert has been General Counsel and Corporate Secretary of Centerra Gold since 2004. In his new role, Frank’s responsibilities will include oversight of the Company’s legal matters, government relations and negotiations, and working with Mr. Perry in setting the strategic direction for Centerra.