Mount Milligan PFS confirms ~10-year mine-life extension to 2045; reserves up 56%

ROYAL GOLD INC

Centerra's PFS extends Mount Milligan LOM to 2045; throughput to rise 10% to ~66,300 tpd in 2029.
Proven & probable reserves: 4.4M oz gold (+56% vs 2024) and 1.7B lb copper (+52%).
Average annual production 2026-2042: ~150K oz gold, ~69M lb copper.
Permitting for extension through 2035 submitted; second tailings facility planned for early 2030s.
Royal Gold recovered >150% of advance stream deposit; PFS adds long-term value for stakeholders.

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