Centerra Gold Confirms Removal of Roadblock
TORONTO, ONTARIO - May 14, 2007 - Centerra Gold Inc. (TSX:CG) today confirmed that the illegal roadblocks have been removed and normal transportation to the Kumtor mine site has resumed. Gold production at Kumtor has not been affected.
Centerra is a growth-oriented, gold Company focused on acquiring, exploring, developing and operating gold properties primarily in Central Asia, the former Soviet Union and other emerging markets. 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.
Forward Looking Statements
Statements contained in this news release which are not historical facts are forward-looking statements that involve risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things: volatility and sensitivity to market prices for gold; replacement of reserves; equipment failure; unexpected geological or hydrological conditions; political risks arising from operating in certain developing countries; defects in title; imprecision in reserve estimates; success of future exploration and development initiatives; competition; operating performance of the facilities; environmental and safety risks including increased regulatory burdens; seismic acti
vity, weather and other natural phenomena; failure to obtain necessary permits and approvals from government authorities; changes in government regulations and policies, including trade and tax laws and policies; ability to maintain and further improve positive labour relations; and other development and operating risks. For further discussion of the factors that could cause actual results to differ materially, please refer to Centerra's Annual Information Form and Annual Management's Discussion and Analysis for the year ended December 31, 2006, available on SEDAR at www.sedar.com.
Additional information on Centerra is available on SEDAR at www.sedar.com and the Company's website at www.centerragold.com.
Centerra Gold Inc.
John W. Pearson
Director, Investor Relations
RENMARK FINANCIAL COMMUNICATIONS INC.
HENRI PERRON : HPERRON@RENMARKFINANCIAL.COM
JASON ROY : JROY@RENMARKFINANCIAL.COM
TEL. : (514) 939-3989
FAX : (514) 939-3717
Centerra Gold Inc
CODE : CG.TO
ISIN : CA1520061021
Projects & res.Press
Asset profileContact Cpy
Centerra Gold is a producing gold company based in Canada.
Centerra Gold holds various exploration projects in Russia.
Its main assets in production are KUMTOR in Kyrgyzstan and BOROO in Mongolia, its main asset in development is GATSUURT in Mongolia and its main exploration properties are AKARCA in Turkey and REN and KARA BELDYR in Russia.
Centerra Gold is listed in Canada and in Germany. Its market capitalisation is CA$ 2.1 billions as of today (US$ 1.5 billions, € 1.4 billions).
Its stock quote reached its highest recent level on June 08, 2007 at CA$ 9.95, and its lowest recent point on October 24, 2008 at CA$ 0.79.
Centerra Gold has 291 280 000 shares outstanding.