# Centerra Cuts Mount Milligan Cost Guidance, Targets Thompson Creek for 2027

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/45218
Published: 2026-10-30T22:58:06.000Z
Updated: 2026-10-30T22:58:06.000Z
Section: Business

> The revised Mount Milligan range reflects copper by-product credits, while Thompson Creek refurbishment was 75% complete by late October.

Centerra Gold Inc. lowered its 2026 cost guidance for Mount Milligan and said the Thompson Creek project remains on schedule for first molybdenum production by mid-2027.

The company set Mount Milligan’s 2026 all-in sustaining cost (AISC) guidance at $1,100 to $1,200 per ounce. Centerra attributed the reduction to strong copper by-product credits.

At Thompson Creek, estimated total capital costs are $425 million to $450 million. Infrastructure refurbishment was 75% complete by late October.

Centerra expects to achieve its full-year gold and copper production targets. The company’s 2026 AISC guidance for Oksut remains $1,850 to $1,950 per ounce.