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CAGDF - Mount Milligan Won't Spoil Royal Gold's Party
Centerra Gold
In addition to the usual spate of challenges that companies face, Royal Gold's (RGLD) incoming CEO will have a new challenge on hand when he takes over the stewardship of the company from Tony Jensen who is retiring. On October 30th, Centerra Gold (CAGDF) announced an impairment charge of $230M at its Mount Milligan mine. Mount Milligan represents the largest portion of Royal Gold's net asset value and almost a third of the book value of Mount Milligan on Centerra's balance sheet and the downgrade will negatively affect Royal Gold. While