Centerra Gold Publishes 2023 Environmental, Social and Governance Report

Rhea-AI Summary

Centerra Gold Inc. (TSX: CG) (NYSE: CGAU) has released its 2023 Environmental, Social and Governance (ESG) Report, highlighting significant progress in sustainability efforts. Key environmental achievements include emissions of 0.22 tonnes CO2e per ounce of gold produced at main operating sites, expanded GHG inventory with consolidated global Scope 1 and 2 emissions totaling 141,174 CO2e, and Öksüt mine's certification for International Cyanide Code compliance.

Social accomplishments include a 17% decrease in reportable incidents, 29% increase in local procurement spending in British Columbia, and over US$3.2 million in community investments. Governance milestones feature achieving 2026 gender diversity goals early, with 38% female representation on the Board and 33% among Officers. The company also received independent assurance of conformance with the World Gold Council's Responsible Gold Mining Principles.

Positive

• Emissions per ounce of gold produced at main operating sites were 0.22 tonnes CO2e
• 17% decrease in reportable incidents
• 29% increase in local procurement spending in British Columbia
• Over US$3.2 million contributed to community investments and donations
• Achieved 2026 gender diversity goal two years ahead of schedule
• Received independent assurance of conformance with Responsible Gold Mining Principles

Negative

• None.

TORONTO, July 18, 2024 (GLOBE NEWSWIRE) -- Centerra Gold Inc. (“Centerra” or the “Company”) (TSX: CG) (NYSE: CGAU) has published its 2023 Environmental, Social and Governance ("ESG") Report, which outlines the Company’s performance on sustainability-related material topics. Key highlights and achievements from the report are included below. The full report can be accessed on Centerra’s website at www.centerragold.com/sustainability.

Paul Tomory, President and Chief Executive Officer of Centerra, commented “2023 was a year of meaningful progress in our sustainability journey, marked by significant achievements across the organization. We recognize that ESG contributes to the long-term sustainability, profitability and growth of our Company. Centerra’s dedication to ESG is an important aspect of our corporate identity, endorsed by our Board of Directors and our senior management team.”

Environmental

• Emissions per ounce of gold produced at Centerra’s two main operating sites, Mount Milligan and Öksüt, were 0.22 tonnes of carbon dioxide equivalent (“CO2e”).
• Centerra expanded its greenhouse gas (“GHG”) inventory to include all operating sites and those in care and maintenance. Consolidated global Scope 1 and 2 emissions totalled 141,174 CO2e.
• The Öksüt mine attained certification from the International Cyanide Management Institute, confirming complete adherence to the International Cyanide Code.
• The Mount Milligan mine was awarded a Mine Reclamation Award from the British Columbia Technical and Research Committee on Reclamation.

Social

• The number of reportable incidents decreased by 17%.
• The local procurement spending in British Columbia increased by 29%.         
• Over US$3.2 million contributed to community investments and donations across operations.
  

Governance

• Achieved the 2026 gender diversity goal two years ahead of schedule with 38% female representation on the Board of Directors and 33% among Officers of the Company.
• Received independent assurance of conformance with the World Gold Council’s Responsible Gold Mining Principles.

About Centerra

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. Centerra 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 TSX under the symbol CG and on the NYSE under the symbol CGAU. Centerra is based in Toronto, Ontario, Canada.

For more information:
Lisa Wilkinson
Vice President, Investor Relations & Corporate Communications
(416) 204-3780
lisa.wilkinson@centerragold.com 

Lana Pisarenko
Senior Manager, Investor Relations
(416) 204-1957
lana.pisarenko@centerragold.com 

Additional information on Centerra is available on the Company’s website at www.centerragold.com, on SEDAR+ at www.sedarplus.ca and EDGAR at www.sec.gov/edgar.

FAQ

What were Centerra Gold's (CGAU) GHG emissions in 2023?

Centerra Gold's consolidated global Scope 1 and 2 emissions totaled 141,174 tonnes of carbon dioxide equivalent (CO2e) in 2023.

Did Centerra Gold (CGAU) achieve its gender diversity goals in 2023?

Yes, Centerra Gold achieved its 2026 gender diversity goal two years ahead of schedule, with 38% female representation on the Board of Directors and 33% among Officers of the Company.

What environmental certification did Centerra Gold's (CGAU) Öksüt mine receive in 2023?

Centerra Gold's Öksüt mine attained certification from the International Cyanide Management Institute, confirming complete adherence to the International Cyanide Code.

How much did Centerra Gold (CGAU) invest in community initiatives in 2023?

Centerra Gold contributed over US$3.2 million to community investments and donations across its operations in 2023.