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Centerra Gold (TSX:CG) appoints new President and CEO

Market News, Mining
TSX:CG
13 March 2023 09:00 (EDT)

Centerra Gold (CG) has appointed Paul Tomory as President and Chief Executive Officer, effective May 1, 2023.

Mr. Tomory has over 25 years of experience in mining, engineering and construction. His most recent position was as Executive Vice President and Chief Technical Officer of Kinross Gold Corporation, where he worked for over 14 years in a series of progressive technical roles. Prior to Kinross, he worked in management consulting at Bain & Company and in a technical capacity with Golder Associates. Mr. Tomory is a professional engineer with a Master of Applied Science in Civil (Mining) Engineering from the University of Toronto and holds a Master of Business Administration from the University of Toronto’s Rotman School of Management.

Michael Parrett, Chair of the Board of Directors, stated,

“We are delighted to have Paul lead Centerra at this important stage of the company’s journey. His leadership experience and record of strategically building and operating mines through all stages of the mining life cycle while ensuring a safety-first culture will be extremely valuable to Centerra. He has a wealth of technical expertise that we believe will position the company for future growth, bringing development assets into production and optimizing the performance of Centerra’s existing assets.”

Mr. Tomory commented,

“I am excited to join the Centerra team. I believe that Centerra is uniquely positioned with a peer-leading balance sheet and quality operating assets that generate significant free cash flow. I look forward to working with the Board and management teams to deliver sustainable value and growth.”

About Centerra

Centerra Gold is a Canadian-based gold mining company focused on acquiring and developing gold and copper properties in North America, Türkiye, and other markets worldwide. Centerra operates two mines: the Mount Milligan Mine in British Columbia and the Öksüt Mine in Türkiye. Centerra also owns the Goldfield District Project in Nevada and the Kemess Underground Project in British Columbia.

Centerra Gold Inc. (CG) opened trading at C$8.27.


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