Centerra Gold ( (TSE:CG) ) has issued an announcement.
On May 6, 2025, Centerra Gold announced an updated mineral resource estimate for its Kemess project, incorporating results from its 2024 drilling campaign. The updated resources include 2.7 million ounces of indicated gold and 971 million pounds of indicated copper. Centerra plans to advance studies on the project, including a Preliminary Economic Assessment (PEA) expected by the end of 2025, focusing on a combined open pit and underground mining concept. The project, located in British Columbia, benefits from existing infrastructure, which is expected to lower execution risks. Centerra aims for a potential 15-year operation with an average annual production of approximately 250,000 gold equivalent ounces, enhancing its portfolio alongside Mount Milligan.
Spark’s Take on TSE:CG Stock
According to Spark, TipRanks’ AI Analyst, TSE:CG is a Neutral.
Centerra Gold’s stock score reflects a solid financial foundation with improving profitability and a strong balance sheet. However, technical indicators show limited momentum, and valuation metrics suggest the stock is fairly priced. Earnings call highlights strategic progress but also points to challenges in production and rising costs, impacting the stock’s outlook.
To see Spark’s full report on TSE:CG stock, click here.
More about Centerra Gold
Centerra Gold Inc. operates in the mining industry, focusing on the exploration, development, and production of gold and copper. The company is known for its operations in North America, particularly in British Columbia, Canada, where it manages significant projects like Mount Milligan and Kemess.
YTD Price Performance: 14.89%
Average Trading Volume: 952,313
Technical Sentiment Signal: Strong Sell
Current Market Cap: $1.34B
For a thorough assessment of CG stock, go to TipRanks’ Stock Analysis page.