Centerra Gold Announces TSX Acceptance of Normal Course Issuer Bid
1 University Avenue, Suite 1500
Toronto, ON
M5J 2P1
tel 416-204-1953
fax 416-204-1954
www.centerragold.com
NEWS RELEASE
Centerra Gold Announces TSX Acceptance of Normal Course Issuer Bid
Toronto, Canada, October 11, 2022: Centerra Gold Inc. (TSX: CG) (NYSE: CGAU) (“Centerra” or the
“Company”) is pleased to announce that the Toronto Stock Exchange (“TSX”) has accepted its notice of
intention to proceed with a normal course issuer bid (“NCIB”).
Under the NCIB, Centerra may purchase for cancellation up to an aggregate of 15,610,813 common shares
in the capital of the Company (“Common Shares”) during the twelve-month period commencing on October
13, 2022 and ending on October 12, 2023, representing 10% of the public float. As of September 30, 2022,
Centerra had 220,086,775 issued and outstanding Common Shares.
Daily purchases will be limited to 226,201 Common Shares, other than purchases made under block
purchase exemptions. Once the NCIB is commenced, t he exact timing an d amount of any purchases will
depend on market conditions and other factors. Centerra will not be obligated to acquire any Common
Shares and may suspend or discontinue purchases under the NCIB at any time. Any purchases made under
the NCIB will be made at market price at the time of purchase through the facilities of the TSX and/or
alternative Canadian trading systems in accordance with applicable securities laws and stock exchange
rules. As previously announced, the Company may rely on an automatic purchase plan during the NCIB to
allow for purchases by the Company of Common Shares during certain predetermined blackout periods,
subject to the rules of the TSX. Any tendered Common Shares taken up and paid for Centerra under the
NCIB will be cancelled.
As previously disclosed, Centerra believes that the Common Shares have been trading in a price range
which does not adequately reflect the value of such shares in relation to Centerra’s assets and its future
prospects. As a result, Centerra believes that the NC IB will provide the Company with a flexible tool to
deploy a portion of its cash balance to, depending upon future price movements and other factors,
repurchase Common Shares for cancellation while preserving its strong balance sheet position.
Cautionary Note Regarding Forward-Looking Information
Information contained in this document which are not statements of historical facts may be “forward looking
information” for the purposes of Canadian securities laws and within the meaning of the United States
Private Securities Litigation Reform Act of 1995. Such forward -looking information involves risks,
uncertainties and other factors that could cause actual results, performance, prospects and opportunities to
differ materially from those expressed or implied by such forward looking information. The words “expect”,
“contemplate”, “may”, “will” , “intend” and similar expressions identify forward -looking information. In
particular, such forward-looking statements include, but are not limited to: the timing, methods and quantity
of any purchases of Common Shares under the NCIB.
1 University Avenue, Suite 1500
Toronto, ON
M5J 2P1
tel 416-204-1953
fax 416-204-1954
www.centerragold.com
Forward-looking information is necessarily based upon a number of estimates and assumptions that, while
considered reasonable by Centerra, are inherently subject to significant political, bu siness, technical,
economic and competitive uncertainties and contingencies. Known and unknown factors could cause actual
results to differ materially from those projected in the forward -looking information. Factors and
assumptions that could cause actual results or events to differ materially from current expectations include
the risk factors set forth in the section titled “Risk Factors” in the Company’s most recently filed Annual
Information Form, which is available on SEDAR at www.sedar.com and EDGAR at www.sec.gov/edgar.
There can be no assurances that forward -looking information and statements will prove to be accurate, as
many factors and future events, both known and unknown could cause actual results, performance or
achievements to vary or differ materially from the results, performance or achievements that are or may be
expressed or implied by the forward -looking statements contained or referred to herein. Accordingly, all
such factors should be considered carefully when making decisions with respect to Centerra, and
prospective investors should not place undue reliance on forward looking information. Forward -looking
information contained herein is given as of the date of this press release. Centerra assumes no obligation to
update or revise forward-looking information to reflect changes in assumptions, changes in circumstances
or any other events affecting such forward-looking information, except as required by applicable law.
About Centerra Gold
Centerra Gold Inc. is a Canadian-based gold mining company focused on operating, developing, exploring
and acquiring gold and copper properties in North America, Türkiye, and other markets worldwide. Centerra
operates two mines: the Mount Milligan Mine in British Columbia, Canada, and the Öksüt Mine in Türkiye.
Centerra also owns the Goldfield District Project in Nevada, United States, the Kemess Underground
Project in British Columbia, Canada, and owns and operates the Molybdenum Business Unit in the United
States and Canada. Centerra’s shares trade on the TSX under the symbol CG and on the NYSE under the
symbol CGAU. Centerra is based in Toronto, Ontario, Canada.
Additional information on Centerra is available on the Company’s web site at www.centerragold.com
and at SEDAR at www.sedar.com and EDGAR at www.sec.gov/edgar.
For more information:
Toby Caron
Treasurer and Director, Investor Relations
(416) 204-1694
Shae Frosst
Manager, Investor Relations
(416) 204-2159