Centerra Gold Reports Kumtor Mine Receives Permit to Raise Tailings Dam
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NEWS RELEASE
Centerra Gold Reports Kumtor Mine Receives Permit to Raise Tailings Dam
Toronto, Canada, March 6, 2017: Centerra Gold Inc. (TSX: CG) reports that the Kumtor operation, located
in the Kyrgyz Republic, has received the necessary permits from the state authorities to raise the tailings dam
to the 3674 metre elevation. The construction permits enables the mine to commence the 3-year construction
program to provide adequate tailings storage cap acity for Kumtor’s mill tailings deposition from 2021
through the end of 2024. The tailings dam constructi on in 2017 is the first such construction required to
contain the additional 3.6 million ounces of gold reserves th at resulted from the KS-13 pit expansion. It is
estimated that in 2017 the Company will invest appr oximately $11 million (no change to 2017 guidance) of
the total estimated investment of $32 million.
The tailings dam approval process at Kumtor requires th e mine to permit each of the 3 metre tailings dam
raises. After the initial raise is completed in 2020, th e mine would then submit a design to raise the dam to
the final elevation of 3677.5 starting in 2021. The Co mpany expects that it would apply for and receive, in
the ordinary course, the necessary approvals and permits for the final tailings dam raise.
About Centerra
Centerra is a Canadian-based gold mining company focused on operating, deve loping, exploring and
acquiring gold properties in North America, Asia and ot her 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 that 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 forward-looking
statements relate to, among other things, the expecta tions for the construction of the tailings dam at the
Kumtor Mine and receiving the necessary future approvals and permits for the final tailings dam raise at the
Kumtor Mine.
Forward-looking information is necessarily based up on a number of estimates and assumptions that, while
considered reasonable by Centerra, are inherently s ubject 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 in formation. Factors that could cause actual results or
events to differ materially from current expectations include, among other things, political risks associated
with the Company’s operations in the Kyrgyz Republic, th e impact of changes in, or to the more aggressive
enforcement of, laws, regulations and government practices in the Kyrgyz Republic, including any unjustified
civil or criminal action against the Company, its affiliat es or its current or former employees; the impact of
any actions taken by the Kyrgyz Republic Government and Parliament relating to the agreements governing
the Kumtor Project which are inconsistent with the ri ghts of Centerra and Kumtor Gold Company under such
1 University Avenue, Suite 1500
Toronto, ON
M5J 2P1
tel 416-204-1953
fax 416-204-1954
www.centerragold.com
2
agreements; any impact on the purported cancellation of Kumtor’s land use rights at the Kumtor Project
pursuant to a court claim commenced by the Kyrgyz Re public General Prosecutor’s Office; the risks related
to other outstanding litigation affecting the Company’s op erations in the Kyrgyz Republic; risks related to
operational matters and geotechnical issues at the Ku mtor Project, including, movement of the Davidov
Glacier, waste and ice movement, the continued perform ance of the buttress, the occurrence of further ground
movements, inherent risks associated with the use of sodium cyanide in the mini ng operations; the adequacy
of the Company’s insurance to mitigate operational ri sks; mechanical breakdowns ; the Company’s ability to
obtain the necessary permits and authorizations to (am ong other things) raise the tailings dam at the Kumtor
Project to the required height; the occurrence of any labour unrest or disturbance; the risk that Centerra’s
workforce may be exposed to widesp read epidemic; seismic activity in the vicinity of the Company’s
operations; long lead times required for equipment and supplies; reliance on a limited number of suppliers for
certain consumables, equipment and components; and the Company’s ability to attract and retain qualified
personnel. See section titled “Risk Factors” in the Company’s most recently filed MD&A for December 31,
2016 and Annual Information Form available on SEDAR at www.sedar.com.
There can be no assurances that forward-looking informa tion 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 resu lts, 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 care fully when making decisions with respect to Centerra,
and prospective investors should not place undue relian ce on forward looking information. Forward-looking
information is as of March 6, 2017. Centerra assum es 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.
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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