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Centerra Gold Announces 2023 Year-End Mineral Reserves and Resources and Provides Exploration Update
This news release contains forward-looking information that is subject to risk factors and assumptions as set out in the Cautionary Note Regarding Forward-Looki
About this update from Centerra Gold Inc.
[{"type":"text","content":" This news release contains forward-looking information that is subject to risk factors and assumptions as set out in the Cautionary Note Regarding Forward-Looking Information below. All figures are in United States dollars unless otherwise stated. TORONTO, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Centerra Gold Inc. (“Centerra” or the “Company”) (TSX: CG) (NYSE: CGAU) announces its 2023 year-end estimates for mineral reserves and mineral resources. Proven and probable gold mineral reserves were 3.6 million ounces and proven and probable copper mineral reserves were 961 million pounds, as of December 31, 2023. Measured and indicated gold mineral resources were 6.9 million ounces as of December 31, 2023, driven by a significant increase at Mount Milligan. The Company is encouraged by the large mineral endowment at Mount Milligan setting the stage for potential future mine life growth. Centerra Year-End Gold Mineral Reserves and Mineral Resources(1) 2023 2022 Property Tonnes (kt) Grade (g/t) Contained Gold (koz) Tonnes (kt) Grade (g/t) Contained Gold (koz) Proven and Probable Gold Mineral Reserves Mount Milligan Mine 250,025 0.35 2,822 223,957 0.37 2,643 Öksüt Mine 25,255 1.01 819 27,098 1.08 941 Kemess Underground - - - 107,381 0.50 1,868 Total 275,280 0.41 3,641 358,436 0.46 5,452 Measured and Indicated Gold Mineral Resources Mount Milligan Mine 259,860 0.27 2,333 182,734 0.30 1,740 Öksüt Mine 6,752 0.55 119 17,377 0.49 272 Kemess Open Pit 111,682 0.27 980 - - - Kemess Underground 139,920 0.50 2,265 173,719 0.31 1,737 Kemess East 93,454 0.39 1,182 177,500 0.40 2,305 Total 611,668 0.35 6,880 551,330 0.34 6,053 Inferred Gold Mineral Resources Mount Milligan Mine 7,795 0.34 84 5,685 0.46 83 Öksüt Mine 348 0.78 9 2,329 0.41 31 Kemess Open Pit 13,691 0.26 116 - - - Kemess Underground - - - 47,700 0.34 529 Kemess East - - - 29,300 0.30 283 Total 21,833 0.30 209 85,014 0.34 926 1) As of December 31, 2023. Refer to Tables “Centerra Gold Inc. 2023 Year-End Mineral Reserve and Resources Summary – Gold” and “Centerra Gold Inc. 2023 Year-End Mineral Reserve and Resources Summary – Other Metals”, including their respective footnotes and the “Additional Footnotes” section below. Mount Milligan: Centerra entered into an additional agreement with RGLD Gold AG, a subsidiary of Royal Gold, Inc., relating to Mount Milligan, which immediately e...