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6 Pages

Centerra acquires Thompson Creek

Centerra acquires Thompson Creek

Report summary

On July 5th 2016, Thompson Creek Metals Company Inc. (Thompson Creek) and Centerra Gold Inc. (Centerra) announced that they have entered into an arrangement agreement where Centerra will purchase all issued and outstanding common shares of Thompson Creek. The value placed on this deal by the two companies is US$1.1 billion including capital leasing obligation. This transaction will allow Centerra to increase its exposure to gold and to diversify into copper. Thompson Creek’s flagship gold asset is a low cost Canadian copper-gold asset called Mount Milligan. Its location will decrease Centerra’s geopolitical risk. This deal also provides significant financial strength to Thompson Creek's current shareholders. 

What's included?

This report includes 1 file(s)

  • Centerra acquires Thompson Creek PDF - 858.99 KB 6 Pages, 6 Tables, 2 Figures


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  • Executive summary
  • Company overview
    • Centerra
    • Thompson Creek
  • Deal summary
  • Mount Milligan
    • Operation
    • Reserves and resources
  • Cost curve position and stream effect
  • Strategic rationale

In this report there are 8 tables or charts, including:

  • Executive summary
    • Key facts
  • Company overview
    • Centerra's assets
    • Thompson Creek assets
  • Deal summary
  • Mount Milligan
    • Location map
    • Mineral reserves at 1 January 2016
    • Mineral resources at 1 January 2016
  • Cost curve position and stream effect
    • 2016 copper C1 cash cost curve
    • Stream contract analysis
  • Strategic rationale
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