Centerra Gold Provides Mount Milligan Water Permitting Update
1 University Avenue, Suite 1500
Toronto, ON
M5J 2P1
tel 416-204-1953
fax 416-204-1954
www.centerragold.com
NEWS RELEASE
Centerra Gold Provides Mount Milligan Water Permitting Update
TORONTO, CANADA – September 14, 2018 – Centerra Gold Inc. (TSX: CG) (“Centerra”) today provided
an update on water regulatory matters relating to its Mount Milligan Mine in north central British Columbia.
After significant and collaborative discussions during the third quarter of 2018 among the Company, British
Columbia regulators and First Nations, the Company’s regulatory plan has been refined. This has resulted in
earlier than anticipated approval of certain short-term water sources. These approvals allow the Company to:
(i) pump from groundwater wells within Mount Milligan’s tailings storage facility (“TSF”) as well as from a
single groundwater well outside of the TSF for the entire life-of-mine and (ii) pump up to 15% of the base flow
from Philip Lake 1 until November 15, 2018. An application to further extend the pumping from Philip Lake
1 for the winter period is currently under review as planned.
In addition to the approvals noted above, and in accordance with the regulatory plan, the Company is also
preparing applications for certain additional / extended water sources until 2020. These include access to
groundwater wells outside the TSF (within a certain radius) for the entire life-of-mine as well as to Philip Lake
1 and Rainbow Creek at withdrawal rates that are protective of environment. The Company is still in
discussions with regulators, First Nations and other affected stakeholders as to such approvals and expects that
access to these sources may be granted as early as December 2018.
Finally, also in accordance with the regulatory plan, the Company is working on a long-term solution to its
water needs at Mount Milligan. An initial methodology has been developed for assessing water sources that
are best able to supply water to the mill while meeting other important environmental and other parameters.
Formal applications and government review of that methodology is expected to commence later this month,
and will be the subject of discussion with regulators, First Nations and other interested parties. The Company’s
expectation is that its long-term water source (or sources) will be available from and after 2020 for the entire
life-of-mine.
Centerra notes that the recently approved water sources will provide limited amounts of additional water in the
near-term and this will assist with, though not meaningfully reduce, the outstanding water needs of the mine.
The Company is pleased that the revised regulatory plan is moving forward constructively and the Company
will continue to diligently work with regulators and First Nations to access additional water sources for Mount
Milligan. However, there can be no assurances that additional sources will be available to the Company on its
expected timeline or at all. During the third quarter to date, with the current availability of water, the mill at
Mount Milligan has been operating both ball mill circuits. Although not expected, if there are delays in the
regulatory process to approve such medium-term and long-term sources it could have a significant negative
effect on the Company’s production at Mount Milligan, future cash flows, earnings, results of operations and
financial condition.
1 University Avenue, Suite 1500
Toronto, ON
M5J 2P1
tel 416-204-1953
fax 416-204-1954
www.centerragold.com
2
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 that could cause actual results, performance, prospects and opportunities to differ
materially from those expressed or implied by such forward looking information. The words “believe”,
“expect”, “anticipate”, “contemplate”, “plan”, “intends”, “continue”, “budget”, “estimate”, “may”, “will”,
“schedule”, “understand” and similar expressions identify forward-looking information. These forward-looking
statements relate to the Company’s consultations and discussions with regulators, First Nations groups and
other stakeholders concerning Mount Milligan’s water applications and approvals as well as the timing thereof
and the effect of the approved short-term water sources with Mount Milligan’s water needs.
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-looking information. Factors that could cause actual results or
events to differ materially from current expectations include, among other things, the Company’s consultation
process with regulators, First Nations or other affected stakeholders taking longer than expected.
See section titled “Risks that can affect our business” in the Company’s most recently filed Annual Information
Form available on SEDAR at www.sedar.com.
About Centerra
Centerra Gold Inc. is a Canadian-based gold mining company focused on operating, developing, exploring and
acquiring gold properties in North America, Asia and other markets worldwide and is the largest Western-based
gold producer in Central Asia. Centerra operates two flagship assets, the Kumtor Mine in the Kyrgyz Republic
and the Mount Milligan Mine in British Columbia, Canada and is building its next gold mine, its 100% owned
Öksüt Gold Mine in Turkey. Centerra's shares trade on the Toronto Stock Exchange (TSX) under the symbol
CG. The Company is based in Toronto, Ontario, Canada.
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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