Centerra Gold Announces TSX Acceptance of Renewed Normal Course Issuer Bid

About this update from Centerra Gold Inc.

[{"type":"text","content":"Centerra Gold Announces TSX Acceptance of Renewed Normal Course Issuer Bid\n\n\n\n TORONTO, Nov. 05, 2025 (GLOBE NEWSWIRE) -- Centerra Gold Inc. (TSX: CG) (NYSE: CGAU) (“Centerra” or the “Company”) is pleased to announce that the Toronto Stock Exchange (“TSX”) has accepted its renewal of a normal course issuer bid (“NCIB”) to purchase for cancellation up to 20,129,230 common shares of Centerra (“Common Shares”) during the twelve-month period commencing on November 10, 2025 and ending on November 9, 2026. This represents approximately 9.9% of Centerra’s 201,768,421 total issued and outstanding Common Shares, as at October 31, 2025 or 10% of the public float.\n \n\n Under the NCIB, daily purchases would be limited to 269,104 Common Shares, other than purchases made under block purchase exemptions. Following activation of the NCIB, the exact timing and amount of any purchases will depend on market conditions and other factors. Centerra is under no obligation to purchase any Common Shares and may, at its discretion, suspend or discontinue purchases under the NCIB at any time. Any purchases made under the NCIB will be made at market price at the time of purchase through the facilities of the TSX and/or alternative Canadian trading systems in compliance with applicable securities legislation and stock exchange rules. The Company’s previous NCIB authorized the purchase of up to 18,800,929 Common Shares and expired on November 6, 2025. As of October 31, 2025, a total of 9,613,246 Common Shares were purchased through the facilities of the TSX and alternative Canadian trading systems at a volume weighted average price of $9.68 per Common Share under the Company’s previous NCIB.\n \n\n In connection with the renewed NCIB, Centerra intends to establish an automatic share purchase plan based on Company instructions provided to the designated broker to facilitate the purchase of Common Shares during times when the Company would ordinarily be restricted from doing so due to regulatory restrictions or self-imposed black-out periods. Centerra may, but is not required to, instruct its designated broker to make purchases under the NCIB based on parameters set by Centerra in accordance with the automatic share purchase plan, applicable securities laws and sto...

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