Centerra Gold Names Interim COO Amid Executive Transition
Event summary
- David Hendriks, EVP and COO, departs Centerra Gold effective March 30, 2026
- Mike Sylvestre appointed interim COO with immediate effect
- Sylvestre brings 45 years of mining experience, including recent role at Kinross Gold
- Centerra operates two mines (Mount Milligan, Öksüt) and holds development projects in Canada and the U.S.
The big picture
The executive transition at Centerra Gold comes amid an industry-wide focus on operational efficiency and sustainable mining practices. With gold prices facing volatility and development costs rising, the company's ability to maintain consistent production levels will be critical. The appointment of a seasoned executive like Sylvestre suggests Centerra is prioritizing continuity in its core operations while advancing its growth pipeline.
What we're watching
- Leadership Stability
- Whether Centerra can maintain operational momentum during the interim COO period and permanent replacement search
- Project Execution
- How the transition impacts progress on the Kemess and Goldfield development projects
- Industry Benchmarking
- The operational performance metrics Sylvestre prioritizes compared to his Kinross Gold tenure
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