What's Happening?
Centerra Gold has received the necessary environmental assessment approval and permits to extend the operation of its Mount Milligan mine in British Columbia until 2035. The approval includes a 10% increase in plant throughput from 2028 and expanded stockpile capacity. This development is part of a broader strategy to extend the mine's life to 2045, supported by a $186-million growth capital plan. The mine's extension is expected to support over 1,000 jobs and provide significant economic benefits to local communities and First Nations. British Columbia Premier David Eby highlighted the project's role in advancing economic development while maintaining regulatory standards.
Why It's Important?
The extension of Mount Milligan's operations is a major boost for Centerra
Gold's growth strategy, ensuring long-term employment and economic benefits for the region. The project underscores the importance of collaboration between government, industry, and First Nations in achieving sustainable resource development. The mine's continued operation will contribute to the economic stability of northern British Columbia, providing a reliable source of employment and business opportunities. This development also reflects the province's commitment to supporting major projects that align with environmental and safety standards.
What's Next?
Centerra Gold will continue to advance engineering and studies to secure further permits needed to extend the mine's life to 2045. The company aims to maintain momentum in its operations, ensuring that the Mount Milligan mine remains a cornerstone of its gold growth strategy. The focus will be on maximizing the mine's output and economic contributions while adhering to environmental and safety regulations.
