Centerra Gold Inc. announced production results for the fourth quarter and full year of 2014. The company announced that it met its 2014 annual production guidance and that consolidated gold production for 2014 totalled 620,821 ounces. This production total includes 567,693 ounces of gold from the Kumtor mine, located in the Kyrgyz Republic and 53,128 ounces of gold from the Boroo mine, located in Mongolia.

During the fourth quarter of 2014, consolidated gold production was 301,236 ounces, including 291,635 ounces of gold produced by the Kumtor mine and 9,601 ounces of gold produced by the Boroo mine.

For 2015, the company is estimating consolidated gold production to be in the range of 480,000 to 535,000 ounces. The Kumtor mine is expected to produce between 470,000 and 520,000 ounces in 2015. At the Boroo mine, gold production is forecast to be 10,000 to 15,000 ounces. Planned exploration expenditures for 2015 total approximately $11 million, which is $9 million lower than the 2014 forecast of $20 million. The 2015 exploration plan includes $1.3 million for further exploration work on the Öksüt property, $1.2 million in Portugal on the Lagares gold property, and $8 million to fund other ongoing projects and generative exploration programs. Centerra's projected capital expenditures for 2015, excluding capitalized stripping, are estimated to be $76 million, including $50 million of sustaining capital and $26 million of growth capital.