Centerra Gold Inc. reported third–quarter 2025 gold output of 81,773 ounces, representing a 12% increase compared to the prior quarter. The Oksut mine in Turkey exceeded management’s forecast by producing 27,412 ounces, driven by higher‐grade ore accessed in the newly developed east pit. At the Mount Milligan operation in British Columbia, throughput efficiency improved to 48,500 tonnes per day, up from 46,000 tonnes, supporting uninterrupted production and cost discipline.

Total cash costs for Q3 were US$850 per ounce, below the company’s mid‐range guidance of US$880–US$920. Oksut’s unit costs fell by 8% to US$780 per ounce as stripping ratios declined, while Mount Milligan’s all‐in sustaining costs remained steady at US$1,050 per ounce thanks to optimized fuel consumption and reduced reagent usage. Capital expenditures for the quarter were US$45 million, focused on tailings infrastructure and ongoing exploration drilling at the Öksüt South and Greenwood properties.

Buoyed by robust Q3 results, Centerra reaffirmed its full‐year gold production guidance of 310,000–330,000 ounces and total cash cost range of US$860–US$900 per ounce. Management highlighted an active exploration program targeting a 15% reserve replacement rate and plans to complete an updated life‐of‐mine study for Oksut by mid‐2026. With current momentum in production and disciplined capital allocation, the company is positioned to deliver on its financial targets and enhance shareholder returns.