Mount Milligan Rail Service Update
1 University Avenue, Suite 1500
Toronto, ON
M5J 2P1
tel 416-204-1953
fax 416-204-1954
www.centerragold.com
NEWS RELEASE
Mount Milligan Rail Service Update
Toronto, Canada, December 21, 2021: Centerra Gold Inc. (“Centerra” or the “Company”) (TSX: CG)
(NYSE: CGAU) reported today that it does not expect any materia l impact on the Mount Milligan Mine’s
planned production or sales for the fourth quarter of 2021 resu lting from recent rail and other logistic service
disruptions in British Columbia. The Company today completed it s third gold and copper concentrate sale in
the fourth quarter and has produced sufficient concentrate and expects to recognize its fourth and final shipment
as planned in 2021.
The Company’s 2021 guidance for the Mount Milligan remains unch anged from figures already reported in
the Outlook section in our MD&A filed on November 5, 2021 and available on SEDAR at www.sedar.com:
Gold production: 180,000 to 200,000 ounces.
Copper production: 70 to 80 million pounds.
Gold production costs per ounce: $650 to $700 per ounce.
All-in sustaining costs on by-product basisNG per ounce: $530 to $580 per ounce.
Scott Perry, President and Chief Executive Officer of Centerra stated, “We recognize and greatly appreciate the
effort made by the Mount Milligan team, our First Nations partn ers and our local service providers to ensure
we remain on track to safely deliver our 2021 guidance, especia lly in very difficult circumstances caused by
the severe flooding events in British Columbia.”
NG - All-in sustaining costs on a by-product basis per ounce is a non-GAAP measure which is defined in the “Non-GAAP
Measures” section in the Company’s news release and MD&A dated November 5, 2021.
Caution Regarding Forward-Looking Information
Information contained in this news release which is not a statement of historical fact may be “forward-looking
information” for the purposes of Canadian securities laws and w ithin 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 “believe”, “expect”, “anticipate”,
“contemplate”, “plan”, “intends”, “continue”, “budget”, “estima te”, “may”, “will”, “sch edule”, “understand”
and similar expressions identify forward-looking information. T hese forward-looking statements relate to,
among other things: statements regarding Mount Milligan’s fourt h quarter production and sales, rail service
disruptions and 2021 guidance.
Forward-looking information is necessarily based upon a number of estimates and assumptions that, while
considered reasonable by Centerra, are inherently subject to significant technical, political, business, economic
and competitive uncertainties and contingencies. Known and unkn own factors could cause actual results to
differ materially from those projected in the forward-looking i nformation. Factors and assumptions that could
1 University Avenue, Suite 1500
Toronto, ON
M5J 2P1
tel 416-204-1953
fax 416-204-1954
www.centerragold.com
2
cause actual results or events to differ materially from curren t expectations include, among other things: the
inaccuracy of the Company’s production and cost estimates; unav ailability of materials and equipment,
government action, the effects of COVID-19 mitigation protocols , further transportation disruptions, the
inability to use provisionally-priced sales contracts for production at the Mount Milligan Mine; and reliance on
a few key customers for the gold-copper concentrate at the Moun t Milligan Mine. For additional risk factors,
please see section titled “Risk Factors” in the Company’s most recently filed 2020 Annual Information Form
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 such forward-looking s tatements contained herein or incorporated by reference. Accordingly, all
such factors should be considered carefully when making decisio ns with respect to Centerra, and prospective
investors should not place undue reliance on forward-looking in formation. Forward-looking information is as
of December 21, 2021. Centerra assumes no obligation to update or revise forward-looking information to
reflect changes in assumptions, changes in circumstances, or an y 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 properties in North America, Turkey and other markets worldwide. Centerra operates two mines:
the Mount Milligan Mine in British Columbia, Canada, and the Öksüt Mine in Turkey. While the Company still
owns the Kumtor Mine in the Kyrgyz Republic, it is currently no longer under the Company’s control. The
Company also owns the pre-development stage Kemess Underground Project in British Columbia, Canada and
owns and operates the Molybdenum Business Unit in the United States. Centerra's shares trade on the Toronto
Stock Exchange (“TSX”) under the symbol CG and on the New York Stock Exchange (“NYSE”) under the
symbol CGAU. The Company is based in Toronto, Ontario, Canada.
For more information:
John W. Pearson
Vice President, Investor Relations
(416) 204-1953
Toby Caron
Treasurer and Director, Investor Relations
(416) 204-1694
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 .
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