Recent inflationary cost pressure will be taken into consideration when the Company updates and discloses the Mount Milligan Mine’s 2023-2025 production and cost guidance in early 2023.LOM payable gold production of 1.9 million ounces at a production cost of $502/ounce, an all-in sustaining cost on a by-product basis NG of $756/ounce and all-in cost on a by-product basis NG of $770/ounce.Increase from the 2020 Mount Milligan Technical Report LOM in total payable gold ounces produced by more than 0.8 million ounces (1.1 million to 1.9 million) and payable copper pounds produced by 191 million pounds (560 million pounds to 751 million pounds) from 2022 onwards.Mine life extended by over four years, extending open pit mining and milling operations to 2033.The Mount Milligan Mine deposit contains mineral reserves totaling 246.2 million tonnes at 0.37 g/t gold and 0.18% copper. Increase in proven and probable gold mineral reserves from the 2021 year-end mineral reserve and resources summary by 1.1 million contained ounces (1.8 million to 2.9 million) and copper mineral reserves by 260 million contained pounds (736 million to 996 million).(“Centerra” or the “Company”) (TSX: CG) (NYSE: CGAU) announces highlights from an updated life of mine (“LOM”) for the Mount Milligan Mine. 04, 2022 (GLOBE NEWSWIRE) - Centerra Gold Inc. See “Non-GAAP and Other Financial Measures” on pages 37 to 38 in Centerra’s Management’s Discussion & Analysis for the three and six months ended Jfor a discussion of the specified financial measures used in this document. None of these specified measures is a standardized financial measure under International Financial Reporting Standards (“IFRS”) and these measures might not be comparable to similar financial measures disclosed by other issuers. All references in this document denoted with N G, indicate a “specified financial measure” within the meaning of National Instrument 52-112 Non-GAAP and Other Financial Measures Disclosure of the Canadian Securities Administrators. All figures are in United States dollars unless otherwise stated. This news release contains forward-looking information regarding Centerra’s business and operations, see the Cautionary Note Regarding Forward-looking Information on pages 8 to 9.
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