GlobeNewswire·Nov 5, 2026, 5:00 PM ET

Centerra Gold Announces TSX Acceptance of Renewed Normal Course Issuer Bid and New $75 Million Langeloth Credit Facility

The Toronto Stock Exchange (TSX) accepted the renewal of Centerra Gold Inc.'s normal course issuer bid (NCIB) for an additional one-year period ending November 9, 2027.
The renewed NCIB authorizes the purchase & cancellation of up to 19,318,076 common shares, representing 10% of the public float.
Daily purchase limits under the NCIB are set at 167,484 common shares, which equals 25% of the average daily trading volume.
The Ontario Securities Commission granted exemptive relief allowing Centerra to purchase up to 10% of its public float through U.S. trading systems during the NCIB period.
Centerra intends to implement an automatic share purchase plan to facilitate buying shares during regulatory or self-imposed black-out periods.
The Langeloth Metallurgical Facility entered a new three-year, $75 million asset-based revolving credit facility with ING Capital LLC.
The Langeloth credit facility aims to reduce reliance on funding from Centerra & enhance financial flexibility regarding working capital fluctuations.
Centerra views the NCIB as a flexible tool to allocate cash & purchase common shares for cancellation while maintaining a robust balance sheet.
Centerra Gold Inc. is a Canadian-based gold & copper producer operating the Mount Milligan Mine in Canada, the Öksüt Mine in Türkiye, & US Moly in the United States.