Centerra Gold Inc. (Centerra) is a gold mining company. Centerra is engaged in the production of gold and related activities including exploration, development, mining and processing in the Kyrgyz Republic, Mongolia, Turkey, China, the Russian Federation and the United States of America. As of December 31, 2011, Centerra�s assets consist of a 100% interest in the Kumtor mine, located in the Kyrgyz Republic, a 100% interest in the Boroo mine and a 100% interest in the Gatsuurt development property, both located in Mongolia, a 50% interest in the Kara Beldyr property in Russia (subsequently increased to 70%, in January 2012), a 50% interest in the Oksut property in Turkey and 100% interest in various exploration and advanced exploration properties, including the Altan Tsagaan Ovoo (ATO) property in northeast Mongolia. In addition, the Company is earning an interest in other joint venture exploration properties located in Russia, Turkey, China, the United States (Nevada) and Mongolia.