Centerra Gold Announces Thompson Creek Feasibility Study Results and Strategic Plan for US Molybdenum Operations, Including a Restart of the Thompson Creek Mine and Ramp-Up of Langeloth
Integrated value of Thompson Creek and Langeloth is expected to have
after-tax NPV 8% of $472M and IRR of 22%
Langeloth, at full capacity and integrated with Thompson Creek, is expected to generate
approximately $45M earnings from operations and $50M EBITDA NG per year

All figures are in United States dollars. All production figures reflect payable metal quantities and are on a 100% basis, unless otherwise stated. For references denoted with NG, refer to the “Non-GAAP Financial Measures” disclosure at the end of this news release for a description of these measures.

TORONTO, Sept. 12, 2024 (GLOBE NEWSWIRE) — Centerra Gold Inc. (“Centerra” or the “Company”) (TSX: CG) (NYSE: CGAU) announces the results from its Thompson Creek feasibility study, including a strategic, integrated business plan for its Molybdenum Business Unit (“MBU”) consisting of a restart of the Thompson Creek Mine (“Thompson Creek”) and a commercially optimized plan for the Langeloth Metallurgical Facility (“Langeloth”), collectively the US Molybdenum Operations (“US Moly”). Centerra will host a conference call and webcast to discuss the strategic plan for US Moly on Friday, September 13, 2024, at 9:00 am Eastern Time. Details for the conference call and webcast are included at the end of the news release. see & read more on
https://www.centerragold.com/news-releases/2024/centerra-gold-announces-thompson-creek-feasibility-9504/