Today we review Centerra Gold for you. What is CenterraGold? How does it work? What do they offer you the investor? Are there better alternatives for you? This is just a few of the questions we help you answer today!
Name of the company: Centerra Gold
Official Website URL: https://www.centerragold.com/
Chairman: Stephen Lang
Products: Gold, Copper, Gold stocks
How far can companies go into ensuring that the value they offer is clearly noticed by potential customers? This is just one of the many significant areas that prominent business attempt to address carefully, in order for them to safeguard their position in the market and ensure continued success. In this review, we shall be looking at one such company, which is known as Centerra Gold. We shall establish whether it is playing a winning game in its niche by addressing the following issues:
– What is Centerra Gold?
– How are its operations run?
– Which are the main products that this company offers?
– Is it a genuine and reliable company?
– Are there any investment opportunities you can take up?
– Which are the best alternatives to this company’s offerings?
– Which are its main pros and cons?
What is Centerra Gold about?
Centerra Gold is a Canadian-based gold production company which has a diversified portfolio of mines distributed across several continents in the world. This company’s vision has been to create a team-based culture of excellence which can deliver sustainable value to shareholders and aid in the overall growth of the firm. This has so far been achieved, and Centerra has managed to gain trust with very many shareholders who own its stocks.
Even as Centerra Gold is proceeding with its operations in its mines, its interest in the building of shareholder value is one that it takes very seriously. This is displayed by the manner in which it consistently seeks to optimize the potential borne by its current portfolio of assets, and by leveraging on its financial capability to explore and acquire a new project that has a long-life and overall low production costs.
How it works
Centerra Gold perceives is an internationally diversified mining company that deals with the production of gold and copper. This has a solid 22 years of mining experience in Central Asia. At the frontline of this company’s successful operations are two major projects that are based in the Kyrgyz Republic and Canada. These projects are ran in the Kumtor and Mount Milligan Mines. Centerra is able to get consistent and solid cash flows from these two mines, and this has enabled it to proceed with the expansion of its third mine located in Turkey. The Oksut project which Centerra Gold has been investing a lot of resources into is expected to have its first gold pour right in the first quarter of 2020.
As you can see, Centerra’s strategy is heavily based on diversified growth of the projects in its pipeline. This company also ensures that it only deals with long life mines that also have the potential to be expanded. The Kumtor mine is expected to be operational till 2026, and Mount Milligan mine is expected to run till 2037. These mines have an estimated reserve of more than 17.6 million ounces of gold and an estimated 2,465 million pounds of copper.
This company is also in the possession of very promising exploration assets, that it wholly owns or co-owns with companies that are based in the United States, Mexico, Sweden, Turkey, Finland, and Canada. Some of the main mines in this line of operation include Endako Mine, Thompson Creek Mine, and Langeloth Metallurgical Facility.
Every single operation that Centerra Gold carries out is meant to support its strong balance sheet and enable it to retain positive earnings, thus making it possible for the delivery of value to shareholders on a year in year out basis.
Centerra’s operations are aimed at the extraction of gold and copper which it mines to supply to all the enlisted buyers. The two metals have over the years been in great demand, as a result of the rarity and their excellent properties, consecutively. This means that Centerra’s position in the market is bound to remain negatively unaffected, provided it is carrying on with its activities on the basis of a very sound strategy.
Beyond these precious metals, Centerra Gold also offers stocks which shareholders purchase with the hope of earning an income over a defined investment period. This company is a publicly-traded one, and its stocks are traded under the ticker CG in the Toronto Stock Exchange.
Is it a genuine company?
Centerra Gold is by all means legit. You can tell from its official website that it is very committed to offering value to shareholders, hence is one that you can trust enough to do business with, either as an investor or a buyer. This company has been in operation for more than 22 years in the Kumtor mine and holds several known joint exploration and mining operations in several parts of the world.
Its financial success has enabled it to gain favor with and amongst a very large number of shareholders who hold millions of shares that are publicly traded on the Toronto Stock Exchange, which due to its professional standards can only accept genuine companies.
The presence of information about this company’s stocks on Yahoo Finance also goes a long way into verifying the fact that it is a genuine company out to serve the interests of those who depend on it.
Centerra Gold is a very investor-friendly company. Every single operation that this company goes about is aimed at strengthening its balance sheet and providing value that investors can rely on to grow their nest of investments. The stocks that this company offers are suitable enough to be used for the purpose of wealth creation, in the long, medium and short term horizons.
Alternatives to Centerra Gold
It is good to know that Centerra Gold holds the shareholders’ success very dearly, but the individual shareholder success is bound to vary quite significantly. Some of them are bound to make very massive gains while others are bound to remain in the gutter trying to figure out the way. Which is why I would like to introduce to you something that will help you keep abreast of your peers as far as investing in mining and energy companies is concerned. You will do perfectly well with the wealth of information that is presented in the Resource Insider, which essentially directs you to all the valuable avenues that investors are taking their money to. You will end up gaining knowledge that will take you in sure strides to a place where you can deem yourself as a successful investor.
The other thing I would like to highlight is the fact that investing in gold stocks is synonymous to walking on unsafe grounds. The current times have seen even the most promising stocks fluctuate significantly, owing to factors that are beyond what a single investor can control. Which is why I recommend that you invest in physical gold, which is a very stable investment asset. It is actually amongst the very few known assets that remain negatively unaffected during tough economic times.
GoldCo is a very suitable IRA company that can help you invest your physical gold in a gold IRA at very affordable fees. You will also benefit from this company’s excellent customer service and professional standards.
Think about it:
You may have already seen what happens to stock prices every time there is a major economic crisis. Investing in physical gold through a gold IRA will present you with a list of many benefits, including the professional services of the custodians who guide you on how to structure your portfolio.
With a company such as GoldCo, for example, you can invest in an IRA.
I also want to recommend Resource Insider as they let you invest like a Mining Magnate without you having to be one… If you want to profit from the mining industry and get (huge value) insider info.
Both of the companies mentioned here also offer other services that you as an investor might find very beneficial so it might be a wise thing of you to have a look at both of them and take advantage of their great FREE services to start with.
Our #1 recommendations (best of both worlds) below:
Pros and cons
It is always wise (and recommended) to compare the positives against the negatives to get a better overall view of something. As always in our reviews we provide you with some clear points on both sides of the spectrum:
– Has long-life mines
– Has huge reserves of gold
– Currently going about many exploration activities
– Takes shareholders’ issues very seriously.
– The gold stocks offered are not a stable investment instrument.
Do You Own or represent Centerra Gold?
If you are a representative, or associate of Centerra Gold and have found something not to be correct in this review please, feel free to tell us and I will make sure to update the info on this post. The easiest way to do it is in the comment section below or simply by sending us an e-mail to firstname.lastname@example.org.
Final words and verdict
Overall rating: (4 / 5)
Ok, I think that sums up the overall view of Centerra Gold pretty good. It is a legit service for sure, however, if it is the right one for you or not is something you have to decide yourself. It is always a wise thing to educate yourself as much as possible in the areas you are interested in. It might be a good thing for you, however, make sure to get your info from more than one source.
You made a wise decision to read this review and you are a smart person so I am absolutely sure that you will find the right company to do business with that suits your particular needs the most.
What I would recommend?
There are many great investment services out there. We have many Gold Mining investment opportunities and services, coin dealers, IRA service providers, and financial services in general listed on this website, mostly for precious metals and Bitcoin but also for other alternative investments.
You can find the best from 2 worlds that we can recommend below:
I hope you found this short review of Centerra Gold to be helpful and that you now have a better understanding of what it is and if it is something for you or not. Please, if you have used any of their services then share your experience in the comment section below as it can help others! Also, if you got any questions about this review I will be more than happy to answer them below!
I wish you success!
founder of: Goldretired.com