Insight
Centerra acquires Thompson Creek
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
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.
Table of contents
- Executive summary
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Company overview
- Centerra
- Thompson Creek
- Deal summary
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Mount Milligan
- Operation
- Reserves and resources
- Cost curve position and stream effect
- Strategic rationale
Tables and charts
This report includes the following images and tables:
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Key factsLocation map2016 copper C1 cash cost curve
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Stream contract analysisCenterra's assetsThompson Creek assetsMineral reserves at 1 January 2016Mineral resources at 1 January 2016
What's included
This report contains:
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