Centerra Gold Announces COO Appointment

Rhea-AI Summary

Centerra Gold Inc. announced the appointment of Paul Chawrun as Chief Operating Officer (COO), effective September 6, 2022. With over 30 years in the mining industry, Chawrun previously served as COO at Teranga Gold Corporation, contributing significantly to its growth. His expertise includes overseeing two producing mines and achieving record production levels. Centerra's CEO, Scott Perry, expressed confidence in Chawrun's ability to enhance operations at the Mount Milligan and Öksüt Mines while advancing the Goldfield Project. Centerra Gold operates in North America and Türkiye, focusing on gold and copper properties.

Positive

• Appointment of Paul Chawrun brings over 30 years of mining experience.
• Chawrun's leadership expected to enhance performance at Mount Milligan and Öksüt mines.
• Experience in transitioning companies into mid-tier mining operations.

Negative

• None.

TORONTO, Aug. 17, 2022 (GLOBE NEWSWIRE) -- Centerra Gold Inc. (“Centerra” or the “Company”) (TSX: CG) (NYSE: CGAU) announced today that Paul Chawrun will be appointed as Chief Operating Officer (“COO”), effective September 6, 2022.

Mr. Chawrun is a mining engineer with over 30 years of experience in the mining industry. His most recent executive position was as COO of Teranga Gold Corporation, prior to its acquisition by Endeavour Mining. At Teranga, he was a key part of a team that transitioned a small single asset gold producer into a mid-tier mining company. Mr. Chawrun oversaw two producing mines, including responsibility for the construction and commissioning of one of them, with the final five consecutive years delivering record production and exceptional Environmental, Social and Governance (“ESG”) performance. His prior previous work experience includes positions in operations at Fording and Suncor Energy, as well as technical services and corporate development roles at various mine development companies including Director of Technical Services for the development of the Detour Gold project. Initially starting his career as an exploration geologist for Corona Corporation, Mr. Chawrun is a professional engineer with a Bachelor of Science (“B.Sc.”) in Mining Engineering from Queen’s University, also holding a B.Sc. in Geology from McMaster University and a Master of Business Administration from Athabasca University.

Scott Perry, President and Chief Executive Officer of Centerra stated, “Paul brings a wealth of technical expertise and years of experience to the Centerra team, maximizing performance of existing operating mines in addition to bringing a mine into operation. We very much look forward to Paul helping the Company move forward with a renewed focus on our core operations, the Mount Milligan Mine and the Öksüt Mine. I’m also excited for Paul to champion our development and future growth opportunities, including the advancement of the Goldfield Project.”

About Centerra Gold

Centerra Gold Inc. is a Canadian-based gold mining company focused on operating, developing, exploring and acquiring gold and copper properties in North America, Türkiye, and other markets worldwide. Centerra operates two mines: the Mount Milligan Mine in British Columbia, Canada, and the Öksüt Mine in Türkiye. The Company also owns the Goldfield District Project in Nevada, United States, the Kemess Underground Project in British Columbia, Canada, and owns and operates the Molybdenum Business Unit in the United States and Canada. Centerra’s shares trade on the Toronto Stock Exchange (“TSX”) under the symbol CG and on the New York Stock Exchange (“NYSE”) under the symbol CGAU. The Company is based in Toronto, Ontario, Canada.

For more information:
Toby Caron
Treasurer and Director, Investor Relations
(416) 204-1694
toby.caron@centerragold.com

Shae Frosst
Manager, Investor Relations
(416) 204-2159
shae.frosst@centerragold.com

Additional information on Centerra is available on the Company’s web site at www.centerragold.com and at SEDAR at www.sedar.com and EDGAR at www.sec.gov/edgar.

A PDF accompanying this announcement is available at: http://ml.globenewswire.com/Resource/Download/ec40da94-0f79-44f2-b0a0-da08eef70d81

FAQ

Who is Paul Chawrun and what is his role at Centerra Gold?

Paul Chawrun has been appointed as Chief Operating Officer (COO) of Centerra Gold, effective September 6, 2022.

What experience does Paul Chawrun have in the mining industry?

Paul Chawrun has over 30 years of experience in the mining industry, including previous roles as COO at Teranga Gold Corporation.

What are the main projects of Centerra Gold under Chawrun's leadership?

Under Paul Chawrun's leadership, Centerra Gold will focus on the Mount Milligan Mine, Öksüt Mine, and the Goldfield Project.

When does Paul Chawrun start his role as COO at Centerra Gold?

Paul Chawrun will start his role as COO at Centerra Gold on September 6, 2022.

What is Centerra Gold's focus in the mining industry?

Centerra Gold is focused on operating, developing, exploring, and acquiring gold and copper properties in North America and Türkiye.