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Centerra acquires Thompson Creek

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12 July 2016

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. 

Table of contents

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

Tables and charts

This report includes 8 images and tables including:

  • Key facts
  • Location map
  • 2016 copper C1 cash cost curve
  • Stream contract analysis
  • Centerra's assets
  • Thompson Creek assets
  • Mineral reserves at 1 January 2016
  • Mineral resources at 1 January 2016

What's included

This report contains:

  • Document

    Centerra acquires Thompson Creek

    PDF 858.99 KB