Centerra gold announces acquisition of the goldfield district development project in nevada

Toronto, feb. 22, 2022 (globe newswire) -- centerra gold inc. (“centerra” or the “company”) (tsx: cg) (nyse: cgau) announced today that it has entered into a definitive agreement whereby centerra, through its subsidiary centerra (u.s.) inc., will acquire 100% of gemfield resources llc, owner of the goldfield district project (“goldfield”), from waterton nevada splitter, llc (“waterton”) for us$206.5 million (us$175 million in cash at closing plus a us$31.5 million future milestone payment payable in cash or centerra shares).
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