Centerra Gold Comments on Market Speculation
April 24 2018 - 9:13AM
Centerra Gold Inc. (TSX:CG) (“Centerra”) comments on a news release
issued today by Chaarat Gold Holdings Limited (“Chaarat”).
In March 2018, Centerra received an unsolicited,
non-binding proposal from Chaarat concerning Centerra’s Kumtor Mine
located in the Kyrgyz Republic. Centerra promptly
communicated to Chaarat’s advisers that it has no interest in the
transaction proposed by Chaarat. In recent meetings with the
Kyrgyz Republic Government, senior Kyrgyz Republic officials have
confirmed to Centerra that the Government is also not interested in
pursuing the transaction proposed by Chaarat.
Centerra notes that the Kumtor Mine is directly
held through Centerra’s wholly-owned, direct subsidiary, Kumtor
Gold Company CJSC, and the transaction proposed by Chaarat could
not occur without the participation of both Centerra and the Kyrgyz
Republic Government.
About CenterraCenterra 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 Republic 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. PearsonVice President, Investor Relations(416)
204-1953john.pearson@centerragold.com
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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