{"id":928413,"date":"2026-01-19T17:03:02","date_gmt":"2026-01-19T22:03:02","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/centerra-golds-kemess-preliminary-economic-assessment-highlights-strong-economics-that-support-the-companys-long-term-growth-pipeline\/"},"modified":"2026-01-19T17:03:02","modified_gmt":"2026-01-19T22:03:02","slug":"centerra-golds-kemess-preliminary-economic-assessment-highlights-strong-economics-that-support-the-companys-long-term-growth-pipeline","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/centerra-golds-kemess-preliminary-economic-assessment-highlights-strong-economics-that-support-the-companys-long-term-growth-pipeline\/","title":{"rendered":"Centerra Gold\u2019s Kemess Preliminary Economic Assessment Highlights Strong Economics that Support the Company\u2019s Long-Term Growth Pipeline"},"content":{"rendered":"
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\n Expanded mineral resource and strong exploration upside support long-term production potential<\/strong>\n <\/p>\n

\n Streamlined project execution driven by integrated open pit and underground mining strategy<\/strong>\n <\/p>\n

\n Existing infrastructure and staged capital investment result in lowered execution risk<\/strong>\n <\/p>\n

\n This news release contains forward-looking information about expected future events that is subject to risks and assumptions set out in the \u201cCautionary Statement on Forward-Looking Information\u201d below. All figures are in United States dollars unless otherwise stated. All production figures reflect payable metal quantities and are on a 100% basis, unless otherwise stated. For references denoted with NG, refer to the \u201cNon-GAAP Financial Measures\u201d disclosures at the end of this news release for a description of these measures. The preliminary economic assessment (\u201cPEA\u201d) described in this news release is preliminary in nature and includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the PEA will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability.<\/em>\n <\/p>\n

TORONTO, Jan. 19, 2026 (GLOBE NEWSWIRE) — Centerra Gold Inc. (\u201cCenterra\u201d or the \u201cCompany\u201d) (TSX: CG) (NYSE: CGAU) is pleased to announce an updated mineral resource and the results of a PEA for its Kemess project (\u201cKemess\u201d or the \u201cProject\u201d) in British Columbia, showing robust economics including an after-tax net present value (5%) (\u201cNPV5%<\/sub>\u201d) of $1.1 billion and an after-tax internal rate of return (\u201cIRR\u201d) of 16%, using long-term pricing of $3,000 per ounce gold and $4.50 per pound of copper.<\/p>\n

President and CEO, Paul Tomory, commented, \u201cThe Kemess PEA represents an important step forward in advancing Centerra\u2019s organic growth pipeline in British Columbia. The study builds on a significant mineral endowment, outlining a de-risked restart plan that leverages substantial existing infrastructure and employs an integrated development strategy based on conventional open pit and longhole open stoping underground mining operation. This approach supports strong economics, including an initial 15-year mine life with average annual production of 171,000 ounces of gold and 61 million pounds of copper (approximately 267,000 gold equivalent ounces), at an all-in sustaining cost (\u201cAISC\u201d) on a by-product basisNG<\/sup> of $971 per ounce. Given the significant unstreamed gold and copper production profile, the value of Kemess increases to $2.8 billion at spot metal prices.\u201d<\/p>\n

Paul Tomory continued, \u201cThe expanded resource estimate reflects a thorough and disciplined evaluation of the full body of available geological data across the site including additional drilling and technical work in the Nugget zone and the historical Kemess South deposit. The PEA evaluates only the Kemess Main and Kemess Underground areas, which represent approximately 47% of the total indicated and inferred resource tonnes, highlighting the potential for additional resources to be incorporated into future technical studies.\u201d<\/p>\n

Paul Tomory concluded, \u201cThe PEA also demonstrates the strategic opportunity Kemess represents as Centerra continues to advance its self-funded organic growth pipeline. We see an opportunity for Kemess to become Centerra\u2019s second long-life gold-copper asset in British Columbia, complementing Mount Milligan and strengthening our presence in the Toodoggone, one of the most prospective mining jurisdictions in North America. Kemess represents a compelling growth opportunity, supported by strong economics and significant upside exploration potential in the deep Kemess Offset zone and along the Kemess East trend. We are now focused on ongoing exploration and advancing technical work towards a Pre-Feasibility Study expected in 2027.\u201d<\/p>\n

The Honourable, David Eby, Premier of British Columbia, commented \u201cThis is promising news for our province and Canada as a whole. Centerra\u2019s continued interest reflects the incredible momentum we\u2019re building in British Columbia\u2019s mining sector. The potential reopening of the Kemess mine is one of several mining projects that will create thousands of good paying, family supporting jobs, and generate billions of dollars for our economy. Together with investors, communities, and First Nations, we are meeting the moment as the economic engine of a stronger and more independent Canada.\u201d<\/p>\n

\n Kemess Updated Resource and PEA Highlights<\/strong>\n <\/p>\n