Centerra Gold Reports Restart of Mill Processing Operations at Mt. Milligan
1 University Avenue, Suite 1500 1
Toronto, ON
M5J 2P1
tel. 416-204-1953
fax 416-204-1954
www.centerragold.com
NEWS RELEASE
Centerra Gold Reports Restart of Mill Processing Operations at Mt. Milligan
Toronto, Canada, February 5, 2018: Centerra Gold Inc. (“Centerra”) (TSX: CG) today reported that its
Mount Milligan operation in British Columbia, Canada initia ted restart of mill operations at partial capacity.
At this time, the mill is utilizing one ball mill to mini mize water requirements. During the restart phase, the
Company anticipates a ramp-up period and there may be periodic commissioning downtime. Mill operations
are expected to achieve sustainable mill throughput levels of approximately 30,000 tpd by mid-February.
During the recent shutdown the Company completed a number of steps to increase the flow of water into the
tailings storage facility (TSF) from which the Mount M illigan mill draws all of its water requirements to
supply milling operations. Such steps included adding pumps to existing water wells, increasing pump sizes
to increase the flow rate, and drilling additional wells. Current make-up water sources for the TSF are from
normal surface run-off, groundwater wells internal to the TSF, and from base underd rain towers that access
process water underlying the TSF. The Company expects to restart the second ball mill in April, returning
mill operations to full capacity, when additional fresh wa ter becomes available from surface run-off after the
spring melt. The return of mill operations to sustainable levels, on one or both ball mills, is dependent on the
performance of the make-up water sources noted above and the overall water balance in the TSF. In addition
the availability of water is subject to, among other things, natural forces that can be unpredictable.
As a further longer-term mitigation measure, the Company has now received an amendment to Mount
Milligan’s Environmental Assessment Certificate to allow pumping of water from a nearby lake (Philip
Lake) and has received the additional related permits. The Company expects to commence drawing water
from Philip Lake by the end of February.
The Company expects to issue its 2018 full-year Company-wide guidance on February 23, 2018.
Caution Regarding Forward-Looking Information
Information contained in this document which are not statements of historical facts, and the documents
incorporated by reference herein, may be “forward -looking information” for the purposes of Canadian
securities laws. Such forward-looking information invol ves risks, uncertainties and other factors that could
cause actual results, performance, prospects and opportuni ties 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, among other
things: the performance of mill operations at the Mount Milligan mill, including the re-start of the mill, the
achievement of sustainable throughput, the return of mill operations to full capacity, the continued
performance of mitigation measures to provide make-up water flows to the TSF, and the timing and outcome
of pumping from Philip Lake to access additional fresh water.
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. Know n and unknown factors could cause actual results to
differ materially from those projected in the forward looking information. Factors that could cause actual
1 University Avenue, Suite 1500 2
Toronto, ON
M5J 2P1
tel. 416-204-1953
fax 416-204-1954
www.centerragold.com
results or events to differ materially from current expectations include, among other things: Aboriginal
claims and consultative issues relating to Mount Milligan’s permitting and regulatory matters, risks related to
operational matters and the Company’s ability to successf ully manage such matters, including the ability of
the Company to successfully manage water issues, mechanical breakdowns and maintenance at Mount
Milligan; the availability of water resources at Mount Milligan and the Company’s expectations regarding
the effects and timing of weather and spring melt at Mount Milligan; and the Company’s expectations
regarding the results of drilling to access water from aqui fers near Mount Milligan. See section titled “Risks
that can affect our business” in the 2016 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 r esults, 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 relian ce on forward looking information. Forward-looking
information is as of February 5, 2018. Centerra a ssumes 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
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. Centerra operates two
flagship assets, the Kumtor Mine in the Kyrgyz Repu blic and the Mount Milligan Mine in British Columbia,
Canada and 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 based in Toronto, Ontario, Canada.
For more information:
John W. Pearson
Vice President, Investor Relations
Centerra Gold Inc.
(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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