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4-Traders Homepage  >  Equities  >  Toronto Stock Exchange  >  Centerra Gold Inc.    CG   CA1520061021

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Centerra Gold : Reports Kumtor Mine Receives Discharge Permit

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04/19/2017 | 05:16pm CEST

TORONTO, ON -- (Marketwired) -- 04/19/17 -- Centerra Gold Inc. (TSX: CG) reports that the Kumtor operation, located in the Kyrgyz Republic, has received its 2017 maximum allowable discharge ("MAD") permit which allows for discharge of treated effluent from its tailings management facility starting in the spring. Kumtor now has all the necessary permits and approvals in place for continuous operations throughout 2017.

About Centerra

Centerra 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 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 expectations for continuous mining operations at the Kumtor Mine in 2017.

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. Known and unknown factors could cause actual results to differ materially from those projected in the forward looking information. 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, the 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 affiliates 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 rights of Centerra and Kumtor Gold Company under such 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 Republic General Prosecutor's Office; and the risks related to other outstanding litigation affecting the Company's operations in the Kyrgyz Republic. 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 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 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 reliance on forward looking information. Forward-looking information is as of April 19, 2017. Centerra assumes 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.

Additional information on Centerra is available on the Company's web site at www.centerragold.com and at SEDAR at www.sedar.com.

Attachment Available: http://www.marketwire.com/library/MwGo/2017/4/19/11G136242/10-Kumtor_receives_2017_MAD_permit-FINAL-f900c76fcadeb93c93c31287307dca3a.pdf

   For more information:John W. PearsonVice President, Investor Relations(416) 204-1953Email contact

Source: Centerra Gold Inc.

© Marketwire, source Press Releases

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Financials ($)
Sales 2017 1 037 M
EBIT 2017 261 M
Net income 2017 191 M
Debt 2017 71,1 M
Yield 2017 0,69%
P/E ratio 2017 9,54
P/E ratio 2018 9,95
EV / Sales 2017 1,52x
EV / Sales 2018 1,47x
Capitalization 1 504 M
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Centerra Gold Inc. Technical Analysis Chart | CG | CA1520061021 | 4-Traders
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Mean consensus HOLD
Number of Analysts 11
Average target price 6,14 $
Spread / Average Target 19%
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Scott Graeme Perry Chief Executive Officer & Director
Frank H. Herbert President
Stephen A. Lang Non-Executive Chairman
Gordon D. Reid Chief Operating Officer & Vice President
Darren J. Millman Chief Financial Officer & Vice President
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