Centerra Gold Announces 2025 Year-End Mineral Reserves and Resources and Provides Exploration Update; Gold and Copper Reserves Increased 58% and 49%

Core Insights - Centerra Gold Inc. reported significant increases in mineral reserves and resources for 2025, with proven and probable gold reserves rising 58% year-over-year to 5.5 million ounces and copper reserves increasing 49% to 1.7 billion pounds as of December 31, 2025 [2][3]. Mineral Reserves and Resources Summary - The total proven and probable gold mineral reserves for 2025 are 5.5 million ounces, with a total of 519,034 tonnes at an average grade of 0.33 g/t [4][30]. - The total measured and indicated gold mineral resources, inclusive of reserves, stand at 10.8 million ounces, with 1,013,225 tonnes at an average grade of 0.33 g/t [4][30]. - Proven and probable copper mineral reserves are 1.7 billion pounds, with a total of 470,332 tonnes at an average grade of 0.17% [7][30]. - The total measured and indicated copper mineral resources, inclusive of reserves, amount to 3.6 billion pounds, with 959,422 tonnes at an average grade of 0.17% [7][30]. Exploration Activities - In 2025, Centerra completed 113.5 kilometers of drilling, focusing on gold and copper mineralization across various projects, including Mount Milligan, Kemess, and Öksüt [10][14]. - Significant drilling results at Mount Milligan included an increase of approximately 2 million ounces of gold and 500 million pounds of copper to the mineral resource base [14]. - The exploration budget for 2026 is projected to be between $40 to $50 million, with a focus on both brownfield and greenfield exploration [10][14]. Project-Specific Highlights - At Mount Milligan, drilling results indicated the expansion of mineralization towards the west, with significant intercepts reported [16][18]. - The Kemess project saw extensive drilling, confirming the continuation of mineralization and the potential for future resource delineation [19][20]. - The Öksüt mine's exploration efforts are aimed at identifying potential targets for drilling in 2026, although no significant results were reported from recent drilling [32]. Future Outlook - Centerra plans to continue infill drilling and exploration at Mount Milligan and Kemess, with a focus on upgrading inferred resources and expanding the resource base [14][24]. - The company is also expected to advance exploration at its greenfield projects in Canada and the United States, including the Goldfield and Oakley projects [32].