Centerra Gold Inc.
TSX : CG

Centerra Gold Inc.

March 05, 2009 07:59 ET

Centerra Gold Inc.: Kumtor Mine SAG Mill Repair Completed

TORONTO, ONTARIO--(Marketwire - March 5, 2009) - Centerra Gold Inc. (TSX:CG) reported today that the SAG mill at the Kumtor mine is operating normally after the successful replacement of the SAG mill girth gear with an on-site spare unit. The temporary shutdown of the SAG mill at Kumtor has not changed the Company's 2009 guidance on gold production or cash costs.

Cautionary Note Regarding Forward-looking Information

This news release contains forward-looking information. This forward-looking information includes statements as to management's expectations with respect to, among other things, future production and costs at the Kumtor mine and the performance of the Kumtor mill. Such forward-looking information involves numerous assumptions, 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. All information, other than statements of historical fact, is forward-looking information. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable by us, are inherently subject to significant 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.

Material assumptions or factors used to develop Centerra's 2009 production and cost guidance are discussed in Centerra's recent news release dated February 6, 2009 and are subject to material risk factors that could cause actual results to differ materially. These risk factors are discussed under the heading "Cautionary Note Regarding Forward-looking Information in the February 6, 2009 news release. Additionally, see "Risk Factors" in the Company's most recently filed Annual Information Form and Annual Management's Discussion and Analysis for the financial year ended December 31, 2007, available on SEDAR at www.sedar.com. Centerra disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except to the extent required by applicable laws.

About Centerra

Centerra is a growth-oriented, gold Company focused on acquiring, exploring, developing and operating gold properties primarily in Asia, the former Soviet Union and other emerging markets worldwide. Centerra is a leading North American-based gold producer and the largest Western-based gold producer in Central Asia and the former Soviet Union. Centerra's shares trade on the Toronto Stock Exchange under the symbol CG. The Company is based in Toronto, Canada.

Additional information

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

Contact Information

  • Centerra Gold Inc.
    John W. Pearson
    Director, Investor Relations
    (416) 204-1241
    Website: www.centerragold.com