Centerra Gold Hedges Portion of 2017 Copper Production
1 University Avenue, Suite 1500
Toronto, ON
M5J 2P1
tel 416-204-1953
fax 416-204-1954
www.centerragold.com
NEWS RELEASE
Centerra Gold Hedges Portion of 2017 Copper Production
Toronto, Canada, January 24, 2017: Centerra Gold Inc. (TSX: CG) has hedged a portion of its expected
2017 copper production from its Mount Milligan mine, located in northern British Columbia, Canada to
increase its cash flow certainty during 2017.
On January 24, 2017, Centerra entered into fixed price forward sales contracts for 24.9 million pounds of
Mount Milligan’s expected 2017 copper production at an average price of US$2.69 per pound. This
represents approximately 51% of Mount Milligan’s expected 2017 copper production, net of copper streaming
arrangements with Royal G old Inc. and is based on the midpoint for 2017 production guidance (see
Centerra’s news release dated January 16, 2017). Centerra’s current policy is not to hedge more than 75% of
its copper production, net of copper streaming arrangements.
The Company has also entered into zero- cost collars for 8.3 million pounds of copper with settlements dates
during February to December 2017 at a minimum price of US$ 2.25 per pound and a maximum price of
US$3.21 per pound of copper.
Centerra has no plans to hedge any of the unstreamed gold production from Mount Milligan.
About Centerra
Centerra is a Canadian-based gold mining company focused on operating, developing, exploring and
acquiring gold properties in North America, Asia and other markets worldwide. Centerra is the largest
Western-based gold producer in Central Asia. Centerra’s shares trade on the Toronto Stock Exchange (TSX)
under the symbol CG. The Company is headquartered in Toronto, Ontario, Canada.
Caution Regarding Forward-Looking Information
Information contained in this news release which are not statements of historical facts may be “forward -
looking information” for the purposes of Canadian securities laws. Such forward- looking information
involves risks, uncertainties and other factors th at could cause actual results and performance to differ
materially from those expressed or implied by such forward looking information. The words “believe”,
“expect”, “anticipate”, and similar expressions identify forward-looking information. These forwa rd-looking
statements relate to, among other things, statements with respect to the hedging of the Company's 2017 gold
and copper production.
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, business, economic and
competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ
materially from those projected in the forward lo oking information. Factors that could cause actual results or
events to differ materially from current expectations include, assumptions that general industry and economic
conditions will remain consistent with historical experience and management’s expec tations; that the
estimation of mineral reserves and mineral resources will prove accurate; that Centerra’s operation will not be
restricted due to restrictive covenants in its credit facilities and that it will be able to obtain any additional
1 University Avenue, Suite 1500
Toronto, ON
M5J 2P1
tel 416-204-1953
fax 416-204-1954
www.centerragold.com
2
financing on satisfactory terms; that the market prices for relevant commodities and foreign exchange rates
will not fluctuate unexpectedly, that future hedging opportunities will continue to be available to the
Company on acceptable terms, that the Compan y will not be subject to unexpected operational and
geotechnical risks, including as to its ability to successfully commission the secondary crusher at Mount
Milligan and the risks of mechanical breakdowns, that Centerra will be able to obtain, maintain, r enew or
extend any required permits; risks relating to long lead times required for equipment and supplies; reliance on
a limited number of suppliers for certain consumables, equipment and components; the Company’s ability to
attract and retain qualified personnel and negotiate with unionized personnel and its ability to manage its
projects effectively. There can be no assurance that such information will prove to be accurate and actual
results and future events could differ materially from those anticipated in such forward- looking information.
Although Centerra believes that the expectations reflected in such forward- looking statements are reasonable,
such statements involve risks and uncertainties, and undue reliance should not be placed on such statements ,
as unknown or unpredictable factors could have material adverse effects on future results, performance or
achievements of the Company. See section titled “Risk Factors” in the Company’s most recently filed
Annual Information Form available on SEDAR at www.sedar.com.
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 such forward- looking statements contained herein or incorporated by reference.
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 is as of January 24, 2017. Centerra assumes no obligation to update or rev ise 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.
For more information:
John W. Pearson
Vice President, Investor Relations
(416) 204-1953
Additional information on Centerra is available on the Company’s web site at www.centerragold.com
and at SEDAR at www.sedar.com.
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