Centerra Gold today reported net earnings of $130.0 million or $0.45 per common share (basic) on revenues of $358.2 million in the fourth quarter of 2017. The fourth quarter 2017 result includes a tax benefit of $21.3 million as a result of a change in tax legislation enacted in the U.S. Excluding this item, adjusted earningsNG in the fourth [...]
TORONTO, Feb. 12, 2018 -- Centerra Gold Inc. announced today that its wholly-owned Turkish subsidiary, Öksüt Madencilik Sanayi ve Ticaret A.S. has received an Investment Incentive Certificate from the Turkish Ministry of Economy for the development of the Company’s Öksüt Project in central Turkey. The IIC provides tax [...]
This news release contains forward-looking information that is subject to risk factors and assumptions set out in the Cautionary Note Regarding Forward-looking Information on page 12. All figures are in United States dollars unless otherwise stated. TORONTO, Feb. 08, 2018 -- Centerra Gold Inc. today issued its 2017 year-end estimates for mineral [...]
TORONTO, Feb. 05, 2018 -- Centerra Gold Inc. today reported that its Mount Milligan operation in British Columbia, Canada initiated restart of mill operations at partial capacity. At this time, the mill is utilizing one ball mill to minimize water requirements. During the restart phase, the Company anticipates a ramp-up period and there may be [...]
TORONTO, Feb. 01, 2018 -- Centerra Gold Inc. announced today it has entered into a US$500 million four-year senior secured revolving credit facility with a syndicate of eight financial institutions as lenders, led by The Bank of Nova Scotia and National Bank of Canada. The interest rate payable on any outstanding borrowings is LIBOR plus 2.25 [...]
TORONTO, Jan. 12, 2018 -- Centerra Gold Inc. will host a conference call and webcast of its 2017 fourth quarter and year-end financial and operating results at 11:00 a.m. on Friday, February 23, 2018. The results are scheduled to be released before the market opens on Friday, February 23, 2018. North American participants should dial the toll-free [...]
All figures are in United States dollars unless otherwise stated. TORONTO, Jan. 11, 2018 -- Centerra Gold Inc. announced today that its wholly-owned Turkish subsidiary, Öksüt Madencilik Sanayi ve Ticaret A.S. has received approval of its pastureland permit for the Öksüt Project located in central Turkey. OMAS has also received [...]
AuRico Metals - Deletion from S&P/TSX SmallCap Index. S&P Dow Jones Indices Canadian Index Services will make the following changes in the S&P/TSX Canadian Indices: The shareholders of AuRico Metals have agreed to the terms of a Plan of Arrangement with Centerra Goldwhereby AuRico Metals will be acquired for cash consideration of $CDN1.80 per [...]
Centerra Gold and AuRico Metals announced today that they have completed their previously announced plan of arrangement, pursuant to which a direct wholly-owned subsidiary of Centerra acquired all of the issued and outstanding common shares of AuRico Metals for C$1.80 in cash consideration per share. The Purchase Price was funded through a [...]
TORONTO, Dec. 27, 2017 -- Centerra Gold Inc. today reported that, due to a lack of sufficient water resources, mill processing operations at the Mount Milligan mine in British Columbia, Canada have been temporarily suspended. Mill processing operations are expected to recommence at partial capacity by the end of January 2018 and at full capacity [...]
TORONTO, Dec. 22, 2017 -- Centerra Gold Inc. today announces that the Company has filed on SEDAR a Technical Report, entitled “Technical Report on the Gatsuurt Gold Project, Mongolia" dated December 22, 2017 with an effective date of October 31, 2017. The report was prepared in compliance with National Instrument 43-101 – Standards for [...]
Centerra Gold and AuRico Metals are pleased to announce that they have entered into a definitive arrangement agreement whereby Centerra will acquire all of the issued and outstanding common shares of AuRico Metals for C$1.80 in cash consideration per share , representing an aggregate transaction value of C$310 million. The Purchase Price represents [...]