Centerra Gold Receives Permit Amendments for Mount Milligan to Continue Operations Through 2035; Meets Expedited Schedule as Per Commitment from the Province of British Columbia

Executive Summary

• Centerra Gold received an amended environmental assessment and all related permits allowing Mount Milligan operations to continue through 2035, with a planned 10% plant throughput expansion starting in 2028.
• The permit approvals support the company’s longer‑term goal of extending Mount Milligan’s mine life to 2045 as outlined in its September 2025 Pre‑Feasibility Study and $186 million growth capital plan.
• Expanded operations are expected to sustain employment for over 1,000 workers and generate significant economic benefits for local communities and First Nations.

Key Details

• Permit Approval: Amended environmental assessment and all associated permits received for Mount Milligan Mine, enabling continued operation through 2035.
• Throughput Expansion: Authorized 10% increase in plant throughput beginning in 2028, accompanied by increased stockpile capacity to enhance feed flexibility.
• Mine Life Extension Goal: Engineering studies underway to support future permit authorizations needed for a mine‑life extension to 2045 (as per the September 11 2025 PFS).
• Economic Impact: Expected to maintain employment for >1,000 workers and create additional business opportunities for First Nations and surrounding communities.
• Government Support: Selected in January 2025 as one of four BC projects qualifying for expedited permitting; Premier David Eby highlighted the project’s job security and regional economic benefits.

Notable Quotes

“Mount Milligan is the cornerstone of Centerra’s organic gold growth strategy… The extended life of mine is expected to provide consistent employment to more than 1,000 workers and increase business opportunities to First Nations, surrounding communities, and the province.” – Paul Tomory, President & CEO

“The Mount Milligan mine expansion will ensure hundreds of good, family‑supporting jobs are secure for years to come… generating hundreds of millions of dollars in additional economic benefits for the region.” – David Eby, Premier of British Columbia