Centerra Gold (NYSE: CGAU) secures Mount Milligan permits and plans 10% throughput boost

Rhea-AI Filing Summary

Centerra Gold Inc. reports that its Mount Milligan mine in British Columbia has received an amended environmental assessment and all related permits to continue operations through 2035. The new authorizations include a planned 10% expansion in plant throughput beginning in 2028 and increased stockpile capacity to improve flexibility in feeding the processing plant.

The company is advancing engineering and other studies to support future permits needed to realize a previously outlined extension of Mount Milligan’s mine life to 2045, tied to a $186 million growth capital plan described in an earlier pre-feasibility study. Management highlights Mount Milligan as a cornerstone asset expected to support more than 1,000 jobs and broaden business opportunities for First Nations, nearby communities, and the Province of British Columbia.

Positive

• Mount Milligan permits secured through 2035, including authorization for a 10% plant throughput expansion beginning in 2028 and increased stockpile capacity to support operations and flexibility.
• Pathway toward mine life to 2045 reinforced as Centerra advances engineering and studies to seek future permits tied to a pre-feasibility plan featuring a fully funded $186 million growth capital program.

Negative

• None.

Insights

Mining sector and project permitting analyst

Key operating permits extend Mount Milligan to 2035 with planned throughput growth.

Centerra Gold has secured an amended environmental assessment and all related permits allowing its Mount Milligan mine to operate through 2035. These approvals also cover a 10% increase in plant throughput beginning in 2028 plus added stockpile capacity, which can support higher processing volumes and more flexible ore feed management.

The permits were obtained under an expedited provincial process, after Mount Milligan was selected in January 2025 as one of four mining projects prioritized for permitting to support economic development. Centerra is also progressing engineering and other studies aimed at obtaining future authorizations needed to deliver a mine life to 2045 as outlined in a pre-feasibility study that referenced a fully funded $186 million growth capital plan.

Management characterizes Mount Milligan as central to its organic gold growth strategy and points to expected ongoing employment for more than 1,000 workers and increased business opportunities for First Nations and regional communities. The Premier of British Columbia describes the expansion as securing hundreds of jobs and generating hundreds of millions of dollars in additional economic benefits, while emphasizing that environmental, safety, and First Nations consultation standards remain in place.

Form 6-K: How Foreign Companies Report to the SEC →

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of January 2026

Commission File Number: 001-40324

Centerra Gold Inc.
(Translation of registrant's name into English)

1 University Avenue, Suite 1800
 Toronto, Ontario
 M5J 2P1
(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F [   ]      Form 40-F [ X ]

On January 20, 2026, the Registrant issued a press release, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

(c) Exhibit 99.1. Press release dated January 20, 2026

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

		Centerra Gold Inc.
		(Registrant)
Date: January 20, 2026		/s/ Yousef Rehman
		Yousef Rehman
		Vice President, General Counsel & Corporate Secretary

EXHIBIT 99.1

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

TORONTO, Jan. 20, 2026 (GLOBE NEWSWIRE) -- Centerra Gold Inc. (“Centerra” or the “Company”) (TSX: CG) (NYSE: CGAU) is pleased to confirm that its Mount Milligan Mine (“Mount Milligan”), located in central British Columbia, has received an amended environmental assessment and all related permits to allow for the continuation of its operations through 2035. These authorizations include a 10% expansion in plant throughput beginning in 2028 and increased stockpile capacity needed for plant feed flexibility. In January 2025, Mount Milligan was selected by the Province of British Columbia as one of four mining projects which would qualify for expedited permitting to support economic development in the province.

Centerra continues to progress engineering and other studies to support future permit authorizations which will be required to achieve the recently announced mine life extension of Mount Milligan to 2045 as outlined in a Pre-Feasibility Study. For additional details, refer to the news release published on September 11, 2025 titled “Centerra Gold’s Mount Milligan PFS Outlines Mine Life to 2045, Delivering Growth with a Fully Funded, Disciplined $186 Million Growth Capital Plan”.

President and CEO, Paul Tomory, commented, “Mount Milligan is the cornerstone of Centerra’s organic gold growth strategy in British Columbia. We are encouraged by the results of the process that has just concluded and believe that when government, First Nations, and industry are mutually committed to responsible resource development, we can achieve great things. 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, representing a significant economic driver for northern communities in British Columbia.”

The Honourable, David Eby, Premier of British Columbia, commented “The Mount Milligan mine expansion will ensure hundreds of good, family-supporting jobs are secure for years to come, while generating hundreds of millions of dollars in additional economic benefits for the region and beyond. Our government expedited this priority project by creating efficiencies without compromising our high environmental and safety standards or our commitment to consultation with First Nations. We’re going to keep that momentum going as we continue to advance major projects and make B.C. the economic engine of the new Canadian economy.”   

About Centerra Gold
Centerra Gold Inc. is a Canadian-based gold mining company focused on operating, developing, exploring and acquiring gold and copper properties in North America, Türkiye, and other markets worldwide. Centerra operates two mines: the Mount Milligan Mine in British Columbia, Canada, and the Öksüt Mine in Türkiye. The Company also owns the Kemess Project in British Columbia, Canada, the Goldfield Project in Nevada, United States, and owns and operates the Molybdenum Business Unit in the United States and Canada. Centerra’s shares trade on the Toronto Stock Exchange (“TSX”) under the symbol CG and on the New York Stock Exchange (“NYSE”) under the symbol CGAU. The Company is based in Toronto, Ontario, Canada.

For more information:

Lisa Wilkinson
Vice President, Investor Relations & Corporate Communications
(416) 204-3780
Lisa.Wilkinson@centerragold.com

Additional information on Centerra is available on the Company’s website at www.centerragold.com, on SEDAR+ at www.sedarplus.ca and EDGAR at www.sec.gov/edgar.

FAQ

What did Centerra Gold (CGAU) announce about the Mount Milligan mine?

Centerra Gold reported that its Mount Milligan mine in British Columbia received an amended environmental assessment and all related permits allowing operations to continue through 2035, along with approvals for a 10% plant throughput expansion starting in 2028 and increased stockpile capacity.

How long can Centerra Gold’s Mount Milligan mine now operate under current permits?

The amended environmental assessment and related permits allow Centerra Gold’s Mount Milligan mine to continue operating through 2035, subject to ongoing compliance with permit conditions and regulations.

What growth is planned at Mount Milligan following the new permits?

The authorizations include a 10% expansion in plant throughput beginning in 2028 and increased stockpile capacity, which are intended to support greater processing capability and improved flexibility in supplying ore to the plant.

How does this filing relate to Centerra Gold’s plan to extend Mount Milligan’s mine life to 2045?

Centerra states it is progressing engineering and other studies to support future permit applications necessary to achieve a mine life to 2045, as outlined in a prior pre-feasibility study that detailed a fully funded $186 million growth capital plan for Mount Milligan.

What economic impact does Centerra Gold expect from the extended Mount Milligan operations?

Centerra notes that the extended life of Mount Milligan is expected to provide consistent employment for more than 1,000 workers and increase business opportunities for First Nations, surrounding communities, and the Province of British Columbia, which the provincial government describes as generating hundreds of millions of dollars in additional economic benefits.

Where does Mount Milligan fit within Centerra Gold’s overall portfolio?

Centerra describes Mount Milligan as the cornerstone of its organic gold growth strategy in British Columbia. The company also operates the Öksüt Mine in Türkiye and holds the Kemess and Goldfield projects as well as a Molybdenum Business Unit in North America.