Canadian Mining Journal


GOLD: Centerra Gold, Thompson Creek complete plan of arrangement

TORONTO and DENVER – Centerra Gold and Thompson Creek Metals Co. have completed the plan of arrangement previously announced on July 5, 2016. All the issued and outstanding common shares of Thompson Creek were acquired by Centerra in exchange for 0.0988 of a Centerra share for each Thompson Creek share held.

Scott Perry, CEO of Centerra, said, “With the completion of the acquisition of Thompson Creek we have created a geographically diversified gold producer with a high quality producing platform and a strong growth pipeline. The transaction diversifies Centerra’s operating platform and adds low risk production and cash flow from a very high quality, long lived asset in Mount Milligan and creates a leading low cost mid-tier gold producer.”

Jacques Perron, president and CEO of Thompson Creek has joined the Centerra board.

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