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Centerra Gold Announces Executive Changes

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Centerra Gold (NYSE: CGAU) has announced key executive changes, with David Hendriks appointed as Executive Vice President and Chief Operating Officer, effective April 15, 2025. He succeeds Paul Chawrun, who will depart on March 31, 2025.

Hendriks brings over 30 years of mining industry experience, most recently serving as Senior Vice President of Nicaraguan Operations at Calibre Mining, where he led multi-site operations and production growth initiatives. His previous roles include senior leadership positions at Kinross Gold, managing gold mining operations in Nevada and Mauritania.

CEO Paul Tomory acknowledged Chawrun's contributions since 2022, particularly highlighting his role in implementing the Mount Milligan site optimization program and commitment to safe operations. The company emphasizes that Hendriks' appointment aligns with their focus on operational excellence, efficiency enhancement, and sustainable growth.

Centerra Gold (NYSE: CGAU) ha annunciato importanti cambiamenti esecutivi, con David Hendriks nominato Vicepresidente Esecutivo e Direttore Operativo, a partire dal 15 aprile 2025. Succede a Paul Chawrun, che lascerà l'incarico il 31 marzo 2025.

Hendriks porta con sé oltre 30 anni di esperienza nel settore minerario, avendo recentemente ricoperto il ruolo di Vicepresidente Senior delle Operazioni in Nicaragua presso Calibre Mining, dove ha guidato operazioni su più siti e iniziative di crescita della produzione. Le sue esperienze precedenti includono posizioni di leadership senior presso Kinross Gold, gestendo operazioni minerarie d'oro in Nevada e Mauritania.

Il CEO Paul Tomory ha riconosciuto i contributi di Chawrun dal 2022, sottolineando in particolare il suo ruolo nell'implementazione del programma di ottimizzazione del sito di Mount Milligan e il suo impegno per operazioni sicure. L'azienda sottolinea che la nomina di Hendriks è in linea con il loro focus sull'eccellenza operativa, il miglioramento dell'efficienza e la crescita sostenibile.

Centerra Gold (NYSE: CGAU) ha anunciado cambios clave en la dirección, con David Hendriks nombrado Vicepresidente Ejecutivo y Director de Operaciones, con efecto a partir del 15 de abril de 2025. Sucede a Paul Chawrun, quien se retirará el 31 de marzo de 2025.

Hendriks aporta más de 30 años de experiencia en la industria minera, habiendo sido recientemente Vicepresidente Senior de Operaciones en Nicaragua en Calibre Mining, donde lideró operaciones en múltiples sitios e iniciativas de crecimiento de producción. Sus roles anteriores incluyen posiciones de liderazgo senior en Kinross Gold, gestionando operaciones de minería de oro en Nevada y Mauritania.

El CEO Paul Tomory reconoció las contribuciones de Chawrun desde 2022, destacando particularmente su papel en la implementación del programa de optimización del sitio de Mount Milligan y su compromiso con operaciones seguras. La empresa enfatiza que el nombramiento de Hendriks está alineado con su enfoque en la excelencia operativa, la mejora de la eficiencia y el crecimiento sostenible.

센터라 골드 (NYSE: CGAU)는 주요 경영진 변경을 발표하며, 데이비드 헨드릭스를 2025년 4월 15일부터 부사장 겸 최고운영책임자로 임명했습니다. 그는 2025년 3월 31일에 떠나는 폴 차우런을 대신합니다.

헨드릭스는 최근 칼리브르 마이닝의 니카라과 운영 부사장으로 재직하며 30년 이상의 광업 경험을 가지고 있으며, 여러 사이트의 운영 및 생산 성장 이니셔티브를 이끌었습니다. 그의 이전 역할에는 네바다와 모리타니아에서 금광 운영을 관리하는 킨로스 골드의 고위 리더십 직책이 포함됩니다.

CEO 폴 토모리는 2022년 이후 차우런의 기여를 인정하며, 특히 마운트 밀리건 사이트 최적화 프로그램의 실행과 안전한 운영에 대한 그의 헌신을 강조했습니다. 회사는 헨드릭스의 임명이 운영 우수성, 효율성 향상 및 지속 가능한 성장에 대한 그들의 초점과 일치한다고 강조합니다.

Centerra Gold (NYSE: CGAU) a annoncé des changements clés dans sa direction, avec David Hendriks nommé Vice-Président Exécutif et Directeur des Opérations, à compter du 15 avril 2025. Il succède à Paul Chawrun, qui quittera son poste le 31 mars 2025.

Hendriks apporte plus de 30 ans d'expérience dans l'industrie minière, ayant récemment occupé le poste de Vice-Président Senior des Opérations nicaraguayennes chez Calibre Mining, où il a dirigé des opérations sur plusieurs sites et des initiatives de croissance de la production. Ses précédents rôles incluent des postes de direction senior chez Kinross Gold, gérant des opérations minières d'or au Nevada et en Mauritanie.

Le PDG Paul Tomory a reconnu les contributions de Chawrun depuis 2022, soulignant en particulier son rôle dans la mise en œuvre du programme d'optimisation du site de Mount Milligan et son engagement envers des opérations sûres. L'entreprise souligne que la nomination de Hendriks s'inscrit dans leur objectif d'excellence opérationnelle, d'amélioration de l'efficacité et de croissance durable.

Centerra Gold (NYSE: CGAU) hat wichtige Änderungen in der Geschäftsführung angekündigt, wobei David Hendriks ab dem 15. April 2025 zum Executive Vice President und Chief Operating Officer ernannt wird. Er folgt Paul Chawrun nach, der am 31. März 2025 ausscheiden wird.

Hendriks bringt über 30 Jahre Erfahrung in der Bergbauindustrie mit, zuletzt als Senior Vice President für die nicaraguanischen Operationen bei Calibre Mining, wo er mehrere Standorte und Produktionswachstumsinitiativen leitete. Zu seinen vorherigen Positionen gehören leitende Führungsrollen bei Kinross Gold, wo er Goldbergbauoperationen in Nevada und Mauretanien leitete.

CEO Paul Tomory erkannte die Beiträge von Chawrun seit 2022 an und hob insbesondere seine Rolle bei der Umsetzung des Optimierungsprogramms für die Mount Milligan-Standorte und sein Engagement für sichere Betriebsabläufe hervor. Das Unternehmen betont, dass Hendriks' Ernennung mit ihrem Fokus auf operative Exzellenz, Effizienzsteigerung und nachhaltiges Wachstum übereinstimmt.

Positive
  • Appointment of experienced COO with 30+ years industry expertise
  • New COO brings multi-site operations management background
  • Smooth leadership transition with clear timeline
Negative
  • Departure of current COO could cause temporary operational disruption

TORONTO, March 04, 2025 (GLOBE NEWSWIRE) -- Centerra Gold Inc. (“Centerra” or the “Company”) (TSX: CG) (NYSE: CGAU) announces the appointment of David Hendriks as Executive Vice President and Chief Operating Officer, effective April 15, 2025. Paul Chawrun, Executive Vice President and Chief Operating Officer, will be leaving the Company on March 31, 2025.

President and CEO, Paul Tomory, commented, “Paul has made a significant contribution to Centerra since joining in 2022. He was committed to delivering safe and consistent operating results and led the implementation of the Mount Milligan site optimization program. On behalf of Centerra’s Board and leadership team, I would like to thank Paul for his hard work and dedication.”

“I am pleased to welcome David Hendriks as our new Chief Operating Officer. With a proven track record of leadership and operational excellence, he brings valuable expertise that will help drive Centerra’s continued success. As we remain focused on delivering strong operational results, enhancing efficiencies, and driving sustainable growth, David’s leadership will be instrumental in achieving these goals.”

Mr. Hendriks is a seasoned mining executive with over 30 years of industry experience and has held leadership roles at Calibre Mining and Kinross Gold. Most recently, as Senior Vice President of Nicaraguan Operations at Calibre Mining, he oversaw multi-site operations, drove production growth, and advanced sustainability initiatives. Prior to that he held senior leadership positions at Kinross Gold, managing large-scale gold mining operations in Nevada and Mauritania. David holds a Bachelor of Science in Mine Engineering from Queen’s University.

About Centerra Gold

Centerra Gold Inc. is a Canadian-based gold mining company focused on operating, developing, exploring and acquiring gold and copper properties in North America, Türkiye, and other markets worldwide. Centerra operates two mines: the Mount Milligan Mine in British Columbia, Canada, and the Öksüt Mine in Türkiye. The Company also owns the Kemess Project in British Columbia, Canada, the Goldfield Project in Nevada, United States, and owns and operates the Molybdenum Business Unit in the United States and Canada. Centerra’s shares trade on the Toronto Stock Exchange (“TSX”) under the symbol CG and on the New York Stock Exchange (“NYSE”) under the symbol CGAU. The Company is based in Toronto, Ontario, Canada.

For more information:

Lisa Wilkinson
Vice President, Investor Relations & Corporate Communications
(416) 204-3780
Lisa.Wilkinson@centerragold.com

Additional information on Centerra is available on the Company’s website at www.centerragold.com, on SEDAR+ at www.sedarplus.ca and EDGAR at www.sec.gov/edgar.


FAQ

When will David Hendriks start as COO at Centerra Gold (CGAU)?

David Hendriks will begin his role as Executive Vice President and Chief Operating Officer at Centerra Gold on April 15, 2025.

What is David Hendriks' experience before joining Centerra Gold (CGAU)?

Hendriks has over 30 years of mining industry experience, previously serving as SVP of Nicaraguan Operations at Calibre Mining and holding senior leadership positions at Kinross Gold in Nevada and Mauritania.

When is Paul Chawrun leaving Centerra Gold (CGAU)?

Paul Chawrun will be leaving Centerra Gold on March 31, 2025.

What major initiatives did Paul Chawrun lead at Centerra Gold (CGAU)?

Paul Chawrun led the implementation of the Mount Milligan site optimization program and focused on delivering safe and consistent operating results since joining in 2022.

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