News Column

Centerra Gold Reports 2012 Fourth Quarter and Year-end Results

Page 23 of 29

Total capital and capitalized stripping presented in the All-in cash cost calculation can be reconciled as follows:

----------------------------------------------------------------------------Fourth Quarter 2012 ($ millions, unaudited)                           Kumtor   Boroo  All other Consolidated----------------------------------------------------------------------------Capitalized stripping - cash            26.1        -         -         26.1----------------------------------------------------------------------------Sustaining capital - cash               10.5      0.4       0.2         11.1----------------------------------------------------------------------------Growth capital - cash                   36.6      0.3       0.2         37.1----------------------------------------------------------------------------Increase in accruals included inadditions to PP&E                        9.1        -         -          9.1--------------------------------------------------------------------------------------------------------------------------------------------------------Total - Additions to PP&E               82.3      0.7       0.4     83.4 (1)--------------------------------------------------------------------------------------------------------------------------------------------------------Fourth Quarter 2011----------------------------------------------------------------------------Capitalized stripping - cash             6.0        -         -          6.0----------------------------------------------------------------------------Sustaining capital - cash                7.8      0.9       0.3          9.0----------------------------------------------------------------------------Growth capital - cash                   12.4      0.3         -         12.7----------------------------------------------------------------------------Increase in accruals included inadditions to PP&E                        2.1        -         -          2.1--------------------------------------------------------------------------------------------------------------------------------------------------------Total - Additions to PP&E               28.3      1.2       0.3     29.8 (1)--------------------------------------------------------------------------------------------------------------------------------------------------------2012 Year ($ millions, unaudited)     Kumtor   Boroo  All other Consolidated----------------------------------------------------------------------------Capitalized stripping - cash           129.3      6.3         -        135.6----------------------------------------------------------------------------Sustaining capital - cash               40.8      2.1       0.6         43.5----------------------------------------------------------------------------Growth capital - cash                  176.4      0.3       0.5        177.2----------------------------------------------------------------------------Increase in accruals included inadditions to PP&E                       10.1        -         -         10.1--------------------------------------------------------------------------------------------------------------------------------------------------------Total - Additions to PP&E              356.6      8.7       1.1    366.4 (1)--------------------------------------------------------------------------------------------------------------------------------------------------------2011 Year----------------------------------------------------------------------------Capitalized stripping - cash            39.4        -         -         39.4----------------------------------------------------------------------------Sustaining capital - cash               32.2      1.8       0.6         34.6----------------------------------------------------------------------------Growth capital - cash                   95.0      4.5       0.4         99.9----------------------------------------------------------------------------Increase in accruals included inadditions to PP&E                        1.3        -         -          1.3--------------------------------------------------------------------------------------------------------------------------------------------------------Total - Additions to PP&E              167.9      6.3       1.0    175.2 (1)----------------------------------------------------------------------------(1) As reported in the Company's Consolidated Statement of Cash Flows as    "Investing Activities - Additions to property, plant & equipment".

Continued | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | Next >>

Story Tools