Centerra Gold Inc. (“Centerra” or the “Company”) (TSX: CG) (NYSE: CGAU) is pleased to confirm that the Mount Milligan Mine (“Mount Milligan”), located in central British Columbia, has received an amended environmental assessment and all associated permits to enable continued operations through 2035. These permits include expanding factory production by 10% from 2028 and increasing inventory capacity needed for plant nutrition flexibility. In January 2025, Mount Milligan was selected by the Province of British Columbia as one of four mining projects that would be eligible for expedited permitting to support economic development in the province.
Centerra continues to conduct engineering and other studies in support of future permitting approvals that will be required to achieve the recently announced extension of the Mount Milligan mine life to 2045, as outlined in a pre-feasibility study. For more details, please refer to the press release published on September 11, 2025 entitled “Centerra Gold’s Mount Milligan PFS outlines mine life to 2045 and delivers growth with $186 million fully funded, disciplined growth capital plan“.
President and CEO, Paul Tomory, commented: “Mount Milligan is the cornerstone of Centerra’s strategy for organic gold growth in British Columbia. We are encouraged by the results of the process just completed and believe that when government, First Nations and industry make a mutual commitment to responsible resource development, we can achieve great things. The extended life of the mine is expected to provide consistent employment for more than 1,000 employees and increase business opportunities for First Nations, surrounding communities and the province, which is an important economic driver for northern communities in British Columbia.”
The Honorable David Eby, Prime Minister of British Columbia, commented: “The expansion of the Mount Milligan mine will secure hundreds of good, family-supporting jobs for years to come, while generating hundreds of millions of dollars in additional economic benefits for the region and beyond. Our government has accelerated this priority project by creating efficiencies without compromising our high environmental and safety standards or our commitment to consultation with First Nations. We will keep that momentum going as we continue to advance major projects and make BC the economic engine of the create the economy.” new Canadian economy.”
About Centerra Gold
Centerra Gold Inc. is a Canadian-based gold mining company focused on exploiting, developing, exploring and acquiring gold and copper properties in North America, Türkiye and other markets around the world. Centerra operates two mines: the Mount Milligan mine in British Columbia, Canada, and the Öksüt mine in Türkiye. The company also owns the Kemess Project in British Columbia, Canada, the Goldfield Project in Nevada, United States, 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:
Lisa Wilkinson
Vice President Investor Relations & Corporate Communications
(416) 204-3780
Lisa.Wilkinson@centerragold.com
Additional information about Centerra is available on the company’s website at www.centerragold.com, on SEDAR+ at www.sedarplus.ca and EDGAR op www.sec.gov/edgar.
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