Centerra Gold Inc. announced today that the Öksüt Project, in Turkey has commenced crushing stockpiled ore and stacking of crushed ore on the heap leach pad following receipt of normal course approvals from the Turkish Ministry of Environment and Urbanization. The Öksüt Project remains on schedule with first gold pour expected in early January 2020. Scott Perry, President and CEO of Centerra Gold [...]
Centerra Gold Inc. congratulates Gordon D. Reid, on his impending retirement on December 31, 2019, and thanks him for his more than 15 years of service. Gordon informed the Company in June 2019 of his intention to retire by year-end. Gordon joined Centerra in October 2004 and was Vice President, Business Development before moving to the Kyrgyz Republic in October 2007 to assume the role of President of Kumtor Operating [...]
Centerra Gold Inc. today reported third quarter 2019 results. Highlights of the quarter included: Net loss of $165.1 million, per common share, and adjusted earningsNG of $75.4 million $0.26 per common share after including an adjustment for the impairment recorded on the Mount Milligan Mine and the additional settlement expense relating to Kyrgyz Republic Strategic Agreement. Cash flow from operations was $31.9 million [...]
Centerra Gold Inc. today announced that Michael S. Parrett will succeed Stephen A. Lang as independent Chair of the Board of Directors effective October 1, 2019. Mr. Lang, who joined Centerra’s Board of Directors in 2008 and has held the Chair position since 2012, will remain as a board member and support an orderly transition. “On behalf of the Board, I would like to thank Steve for his significant [...]
Centerra Gold Inc. will host a conference call and webcast of its 2019 third quarter financial and operating results at 11:00AM Eastern time on Wednesday, October 30, 2019. The results are scheduled to be released before the market opens on Wednesday, October 30, 2019. North American participants may access the call toll-free at -223-7077. International participants may access the call at +1 -223-2691. The conference call [...]
Centerra Gold Inc. announced today that, the remaining Kyrgyz legal proceedings affecting the Kumtor Project and the international arbitration proceeding at the Permanent Court of Arbitration have been terminated, in accordance with the Strategic Agreement on Environmental Protection and Investment Promotion previously entered into with the Government of the Kyrgyz Republic . Accordingly, the parties have achieved Second [...]
Centerra Gold Inc. announced today that all conditions precedent to the completion of the Strategic Agreement entered into with the Kyrgyz Republic Government on September 11, 2017 have been satisfied or waived and all parties have therefore acknowledged that the First Completion Date has occurred. All parties to the Strategic Agreement are now moving to terminate the remaining legal proceedings affecting the Kumtor [...]
All figures are in United States dollars and all production figures are on a 100% basis, unless otherwise stated.All references in this document denoted with NG, indicate a non-GAAP term which is discussed under “Non-GAAP Measures” and reconciled to the most directly comparable GAAP measure. TORONTO, July 30, 2019 -- Centerra Gold Inc. today reported second quarter 2019 net earnings and adjusted earningsNG of [...]
Centerra Gold Inc. will host a conference call and webcast of its 2019 second quarter financial and operating results at 8:00 a.m. on Wednesday, July 31, 2019. The results are scheduled to be released after the market closes on Tuesday, July 30, 2019. North American participants should dial the toll-free number +1 -909-4197. International participants may access the call at +1 -641-6700. The conference call is being [...]
Centerra Gold Inc. announced today that it has agreed with the Government of the Kyrgyz Republic to further extend the First Longstop Date under the Strategic Agreement for Environmental Protection and Investment Promotion previously entered into with the Government on September 11, 2017. The First Longstop Date is the date by which all conditions precedent to the completion of the Strategic Agreement are required to be [...]
Centerra Gold Inc. announces that the 11 nominees listed in the management information circular for its 2019 annual meeting of shareholders held earlier today were elected as directors of Centerra. The vote for director nominees was conducted by ballot. 256,671,384 shares were represented at the Meeting, representing 87.76% of Centerra’s issued and outstanding common shares. The detailed results of the vote for the [...]
This news release contains forward-looking information that is subject to the risk factors and assumptions set out under “Caution Regarding Forward-looking Information”. It should be read in conjunction with the Company’s unaudited interim condensed consolidated financial statements and the notes thereto for the three months ended March 31, 2019. The consolidated financial statements of [...]