Centerra Gold Reports 14-day Reduction in Mount Milligan Mill Production; Provides General COVID-19 Update - Seite 2

The Company is continuing to review the impact of COVID-19 on its 2020 production and cost guidance. 

Centerra continues to have significant liquidity, including cash net of debt of approximately $35 million as at March 31, 2020 and total overall liquidity in excess of $500 million including access to its corporate credit facility at March 31, 2020. 

The Company notes that the situation is fluid and has been changing rapidly. The measures enacted reflect the Company’s best assessment at this time but will remain flexible and be revised as necessary or advisable and/ or as recommended by the public health and governmental authorities.

About Centerra
Centerra Gold Inc. is a Canadian-based gold mining company focused on operating, developing, exploring and acquiring gold properties in North America, Asia and other markets worldwide and is one of the largest Western-based gold producers in Central Asia.  Centerra operates two flagship assets, the Kumtor Mine in the Kyrgyz Republic and the Mount Milligan Mine in British Columbia, Canada and now has a third operating gold mine, the 100% owned Öksüt Mine in Turkey.  Centerra's shares trade on the Toronto Stock Exchange (TSX) under the symbol CG.  The Company is based in Toronto, Ontario, Canada.

Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this news release, may be “forward-looking information” for the purposes of Canadian securities laws.  Such forward-looking information involves 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 information.  The words “believe”, “expect”, “anticipate”, “contemplate”, “plan”, “intends”, “continue”, “budget”, “estimate”, “may”, “will”, “schedule”, “understand” and similar expressions identify forward-looking information.  These forward-looking statements relate to, among other things: statements regarding the Company's plans to reduce activities at Mount Milligan for a two-week period commencing April 6, 2020, and at its Öksüt Mine for two weeks starting on March 31, 2020.