Centerra Gold Inc. (TSX: CG) confirmed that its Mount Milligan Mine in central British Columbia has received an amended environmental assessment and all permits needed to operate through 2035. The approvals include a 10% increase in plant throughput starting in 2028 and expanded stockpile capacity to provide greater operational flexibility.
Mount Milligan was previously selected as one of four mining projects in B.C. eligible for expedited permitting, emphasizing its strategic importance to the province’s economy.
CEO Highlights Economic and Community Impact
Paul Tomory, President and CEO, said:
“Mount Milligan is the cornerstone of our organic gold growth in British Columbia. The extended mine life is expected to provide stable employment for over 1,000 workers and create business opportunities for First Nations, surrounding communities, and the province, making it a significant economic driver for northern B.C.”
The mine’s life could eventually extend to 2045, pending additional permits and studies, in line with the company’s Pre-Feasibility Study.
Provincial Support and Economic Benefits
British Columbia Premier David Eby noted:
“The Mount Milligan expansion will secure hundreds of family-supporting jobs and generate hundreds of millions of dollars in additional economic benefits for the region. Our government expedited this project without compromising environmental or safety standards or our commitment to First Nations consultation.”
Investor Takeaway
The new permits provide operational certainty and growth potential at Mount Milligan, one of Centerra’s key assets. Increased throughput and extended mine life support long-term production, stable employment, and continued contributions to regional economic activity, reinforcing Centerra’s position in B.C. gold mining.
