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Centerra Gold Completes Sale of Royalty Portfolio27.06.2018 | 17:27 Uhr | GlobeNewswire
TORONTO, June 27, 2018 (GLOBE NEWSWIRE) -- Centerra Gold Inc. (“Centerra”) (TSX:CG) announced today the completion of the previously announced sale of the royalty portfolio of its wholly-owned subsidiary, AuRico Metals Inc. (“AMI”) and 100% of the shares of its indirect wholly-owned subsidiary AuRico Metals Australia Royalties Corporation (“AMARC”). The royalty portfolio and AMARC were sold to a subsidiary of Triple Flag Mining Finance Bermuda Ltd. (“Triple Flag”) for an up-front cash payment of US$155 million, subject to customary adjustments, including an economic effective date of April 1, 2018. As previously announced, the sale of AMI’s royalty portfolio and AMARC were part of a larger transaction between Centerra and Triple Flag that also included a silver stream on the Kemess project consisting of the sale of 100% of the silver production from AMI’s Kemess project to Triple Flag in consideration for a series of advanced payments totalling US$45 million. Further details can be found in Centerra’s May 16, 2018 news release. Advisors and Counsel Cautionary Note Regarding Forward-Looking Information About Centerra Additional information on Centerra is available on its web site at www.centerragold.com and at SEDAR at www.sedar.com. A PDF accompanying this announcement is available at http://resource.globenewswire.com/Resource/Download/2ededfde-0d87-4158-953c-90cc9f67cbcd.
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