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🛠️ Centerra Gold Rises as Mt. Milligan Mine Gets Life Extension
Centerra Gold’s shares climbed after British Columbia’s environmental regulator approved an extension for operations at its Mount Milligan copper-gold mine through 2035, including expanded capacity and infrastructure upgrades. Investor confidence lifted as the mine’s long-term potential grows.
• Mine life extended to 2035, with regulatory approval for pit deepening and production expansion.
• Production capacity boosted to 66,500 tonnes of ore per day — an 11% increase.
• Centerra shares rose ~2% to C$20.85.
• The mine holds ~4.4 M oz of gold and ~1.7 B lb of copper in reserves and could see extended operations to 2045 with further approvals.
Extending the life of Mount Milligan — a cornerstone asset — enhances Centerra’s production profile and economic outlook, especially amid strong global demand for copper and gold.
#CenterraGold #MtMilligan #MiningNews #Investing #Stocks $XAU $PAXG
Centerra Gold’s shares climbed after British Columbia’s environmental regulator approved an extension for operations at its Mount Milligan copper-gold mine through 2035, including expanded capacity and infrastructure upgrades. Investor confidence lifted as the mine’s long-term potential grows.
• Mine life extended to 2035, with regulatory approval for pit deepening and production expansion.
• Production capacity boosted to 66,500 tonnes of ore per day — an 11% increase.
• Centerra shares rose ~2% to C$20.85.
• The mine holds ~4.4 M oz of gold and ~1.7 B lb of copper in reserves and could see extended operations to 2045 with further approvals.
Extending the life of Mount Milligan — a cornerstone asset — enhances Centerra’s production profile and economic outlook, especially amid strong global demand for copper and gold.
#CenterraGold #MtMilligan #MiningNews #Investing #Stocks $XAU $PAXG
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