Centerra Gold Inc., a leading mining company listed on the TSX and NYSE, has unveiled its 2025 year-end mineral reserve and resource estimates, showcasing substantial growth in its precious and base metal holdings. The company reported a remarkable 58% year-over-year increase in proven and probable gold mineral reserves, reaching 5.5 million ounces as of December 31, 2025. Simultaneously, proven and probable copper mineral reserves surged by 49% to 1.7 billion pounds, underscoring a robust expansion in its asset base.
Detailed Mineral Resource Breakdown
In addition to the reserve gains, Centerra's measured and indicated gold mineral resources, inclusive of reserves, totaled 10.8 million ounces, while measured and indicated copper mineral resources stood at 3.6 billion pounds. These figures reflect the company's ongoing efforts to enhance its resource portfolio through strategic exploration and development activities.
Key Project Updates and Contributions
The 2025 estimates were driven by advancements at several core projects. Centerra continued to progress its organic growth pipeline, with updated mineral reserve and resource estimates for the Goldfield project, the Mount Milligan mine, and the Kemess project. The Mount Milligan deposit, in particular, played a pivotal role, contributing significantly to both gold and copper reserves. Minor adjustments were made to Mount Milligan's figures due to depletion in 2025, following the Pre-Feasibility Study, but overall, the year-end estimates align closely with prior technical updates.
Gold Mineral Reserves and Resources: The total proven and probable gold mineral reserves were reported at 519,034 thousand tonnes with an average grade of 0.33 g/t, containing 5,504 thousand ounces. Key properties included Mount Milligan with 4,294 thousand ounces, Öksüt with 503 thousand ounces, and Goldfield with 706 thousand ounces. Measured and indicated gold mineral resources reached 1,013,225 thousand tonnes at 0.33 g/t, totaling 10,855 thousand ounces, with Mount Milligan again leading at 6,262 thousand ounces.
Copper Mineral Reserves and Resources: For copper, proven and probable reserves were concentrated at Mount Milligan, with 470,332 thousand tonnes at 0.17% grade, containing 1,716 million pounds. Measured and indicated copper mineral resources amounted to 959,422 thousand tonnes at 0.17% grade, totaling 3,556 million pounds, with contributions from Kemess projects adding diversity to the portfolio.
Exploration and Future Outlook
Centerra's exploration efforts in 2025 have positioned the company for sustained growth, with inferred resources also showing promise. The company emphasized that these estimates are forward-looking and subject to various risk factors, as detailed in their cautionary statements. The consistent updates across projects like Goldfield and Kemess highlight Centerra's commitment to leveraging its assets for long-term value creation in the mining sector.
This announcement marks a significant milestone for Centerra Gold, reinforcing its status as a key player in the global mining industry with enhanced reserves that could drive future production and profitability.
