Centerra Gold Secures Extended Permits for Mount Milligan Mine Operations Through 2035 with 10% Capacity Increase
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Globenewswire
- Environmental Assessment Update: Centerra Gold's Mount Milligan Mine has received an amended environmental assessment and related permits, allowing operations to continue through 2035, ensuring the mine's long-term sustainability.
- Capacity Expansion Plan: Starting in 2028, Mount Milligan will achieve a 10% increase in throughput capacity, enhancing production efficiency and strengthening its competitive position in the market.
- Economic Impact: The extended mine life is expected to provide stable employment for over 1,000 workers and generate hundreds of millions of dollars in economic benefits for surrounding communities and the province, driving development in northern communities.
- Government Support: The British Columbia government expedited the project's permitting process, ensuring economic development while maintaining high environmental and safety standards, demonstrating a commitment to responsible resource development.
Analyst Views on CG
Wall Street analysts forecast CG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CG is 67.91 USD with a low forecast of 53.00 USD and a high forecast of 83.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
12 Analyst Rating
7 Buy
4 Hold
1 Sell
Moderate Buy
Current: 65.620
Low
53.00
Averages
67.91
High
83.00
Current: 65.620
Low
53.00
Averages
67.91
High
83.00
About CG
The Carlyle Group Inc. is a global investment company. The Company's segments include Global Private Equity, Global Credit and Carlyle AlpInvest. The Global Private Equity segment advises the Company's buyout, growth, real estate, infrastructure, and natural resources funds. The segment also includes the NGP Carry Funds advised by NGP Energy Capital Management (NGP). The Global Credit segment advises funds and vehicles that pursue investment strategies including insurance solutions, liquid credit, opportunistic credit, direct lending, asset-backed finance, aviation finance, infrastructure credit, cross-platform credit products, and global capital markets. The Carlyle AlpInvest segment advises global private equity programs that pursue secondary purchases and financing of existing portfolios, managed co-investment programs, and primary fund investments. The Carlyle AlpInvest segment helps investors meet their objectives through tailored portfolio construction and investment selection.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
