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TORONTO, March 28, 2022 (GLOBE NEWSWIRE) — Centerra Gold Inc. (“Centerra” or “the Firm”) (TSX: CG) (NYSE: CGAU) issued the next assertion at this time:
Centerra Gold Inc. notes that the Cupboard of Ministers of the Kyrgyz Republic has authorised a call by the Kyrgyz Authorities to conclude an settlement with Centerra associated to Centerra’s Kumtor Mine, as reported by Kyrgyz information media. Negotiations with representatives of the Kyrgyz Authorities and Kyrgyzaltyn JSC proceed with a view to finalizing a transaction that Centerra expects will embrace the principal phrases outlined within the Firm’s press launch dated January 3, 2022. As beforehand disclosed, Centerra expects that the framework for any transaction will embrace exchanging Centerra’s curiosity within the Kumtor Mine for, amongst different issues, Kyrgyzaltyn JSC’s Centerra frequent shares, in addition to full and ultimate releases of all claims of the events and termination of all authorized proceedings involving the events in all jurisdictions with no admissions of legal responsibility. Processes in respect of the foregoing and different issues required in reference to a suitable transaction stay excellent. Accordingly, there may be no assurance that any proposed transaction might be agreed to or consummated or as to the ultimate financial and different phrases and circumstances of any such transaction, if agreed.
Cautionary Be aware Concerning Ahead-Wanting Data
Data contained on this doc which aren’t statements of historic details could also be “forward-looking data” for the needs of Canadian securities legal guidelines and throughout the that means of the USA Personal Securities Litigation Reform Act of 1995. Such forward-looking data includes dangers, uncertainties and different components that might trigger precise outcomes, efficiency, prospects and alternatives to vary materially from these expressed or implied by such ahead trying data. The phrases “consider”, “count on”, “anticipate”, “ponder”, “plan”, “potential”, “intends”, “proceed”, “funds”, “estimate”, “might”, “will”, “schedule”, “perceive” and comparable expressions determine forward-looking data. These forward-looking statements relate to, amongst different issues: any negotiations or transaction between Centerra, Kyrgyzaltyn JSC and the Kyrgyz Republic, authorizations of the Kyrgyz Republic associated to any such transaction, and the potential phrases and circumstances of any such transaction.
Ahead-looking data is essentially based mostly upon quite a few estimates and assumptions that, whereas thought-about affordable by Centerra, are inherently topic to important political, enterprise, technical, financial and aggressive uncertainties and contingencies. Recognized and unknown components might trigger precise outcomes to vary materially from these projected within the forward-looking data. Components and assumptions that might trigger precise outcomes or occasions to vary materially from present expectations embrace, amongst different issues: political adjustments within the Kyrgyz Republic which lead to an abandonment, delay, important adjustments or different disruption to the continuing discussions between the Firm, the Kyrgyz Republic and Kyrgyzaltyn JSC, uncertainty across the chance of a transaction ensuing from negotiations with representatives of the Kyrgyz Republic and Kyrgyzaltyn JSC, and authorized and regulatory necessities and approvals of the Kyrgyz Authorities and sure of its instrumentalities in connection therewith; the continued imposition by the Kyrgyz Authorities of “exterior administration” on Kumtor Gold Firm CJSC (“KGC”) or the prolongation of such “exterior administration”; the shortcoming of the “exterior administration” to acquire tools, spare elements, consumables or different provides; the Kyrgyz Authorities taking additional steps to nationalize or expropriate the Kumtor Mine, and/or using the purported environmental and tax claims being asserted towards KGC to strip KGC of its property; the affect of adjustments in, or to the extra aggressive enforcement of, legal guidelines, rules and authorities practices within the Kyrgyz Republic, together with unjustified civil or prison motion towards the Firm, its associates or its present or former personnel, together with the interplay of claims of hurt to the setting or human well being with new Kyrgyz Republic laws; the uncertainty of potential outcomes within the beforehand disclosed arbitration course of introduced by the Firm towards the Kyrgyz Republic and Kyrgyzaltyn JSC; the shortcoming of the Firm and its subsidiaries to gather on or implement any favorable arbitral and/or courtroom judgement awarded towards the Kyrgyz Republic or Kyrgyzaltyn JSC; the presence of a big shareholder, Kyrgyzaltyn JSC, that may be a state-owned firm of the Kyrgyz Republic; and different actions which might be taken by or towards the Firm in response to the continuing state of affairs involving the Kumtor Mine. For added threat components, please see part titled “Dangers Components” within the Firm’s most lately filed Annual Data Type obtainable on SEDAR at www.sedar.com and EDGAR www.sec.gov/edgar.
There may be no assurances that forward-looking data and statements will show to be correct, as many components and future occasions, each identified and unknown might trigger precise outcomes, efficiency or achievements to fluctuate or differ materially from the outcomes, efficiency or achievements which are or could also be expressed or implied by such forward-looking statements contained herein or integrated by reference. Accordingly, all such components needs to be thought-about fastidiously when making selections with respect to Centerra, and potential buyers shouldn’t place undue reliance on ahead trying data. Ahead-looking data is as of March 28, 2022. Centerra assumes no obligation to replace or revise forward-looking data to mirror adjustments in assumptions, adjustments in circumstances or another occasions affecting such forward-looking data, besides as required by relevant regulation.
About Centerra Gold
Centerra Gold Inc. is a Canadian-based gold mining firm targeted on working, growing, exploring and buying gold and copper properties in North America, Turkey, and different markets worldwide. Centerra operates two mines: the Mount Milligan Mine in British Columbia, Canada, and the Öksüt Mine in Turkey. Whereas the Firm nonetheless owns the Kumtor Mine within the Kyrgyz Republic, it’s presently not below the Firm’s management. The Firm additionally owns the Goldfield District Undertaking in Nevada, United States, the Kemess Underground Undertaking in British Columbia, Canada, and owns and operates the Molybdenum Enterprise Unit in the USA. Centerra’s shares commerce on the Toronto Inventory Trade (“TSX”) below the image CG and on the New York Inventory Trade (“NYSE”) below the image CGAU. The Firm relies in Toronto, Ontario, Canada.
For extra data:
Toby Caron
Treasurer and Director, Investor Relations
(416) 204-1694
toby.caron@centerragold.com
Shae Frosst
Supervisor, Investor Relations
(416) 204-2159
shae.frosst@centerragold.com
Extra data on Centerra is on the market on the Firm’s website online at www.centerragold.com and at SEDAR at www.sedar.com and EDGAR at www.sec.gov/edgar.
A PDF accompanying this announcement is on the market at http://ml.globenewswire.com/Useful resource/Obtain/78727c6f-c93c-43ec-ba69-77d935e46736
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