Centerra Gold’s Kemess PEA Marks Major Step in British Columbia Growth Pipeline

An announcement from Centerra Gold ( (TSE:CG) ) is now available.

On January 19, 2026, Centerra Gold reported an updated mineral resource and preliminary economic assessment (PEA) for its Kemess gold-copper project in British Columbia, outlining an integrated open pit and underground mining plan with a projected 15-year mine life. The study shows Kemess hosting 3.3 million ounces of gold and 1.1 billion pounds of copper in indicated resources, plus 3.6 million ounces of gold and 1.2 billion pounds of copper inferred, and delivering an after-tax NPV5 of $1.1 billion and IRR of 16% at long-term price assumptions, rising to $2.8 billion NPV5 and 29% IRR at spot prices, supported by existing infrastructure, staged initial and expansionary capital spending of roughly $1.05 billion, and an average annual output of about 267,000 gold-equivalent ounces at a targeted AISC of $971 per ounce. Management and the B.C. premier framed Kemess as a potential second long-life cornerstone asset for Centerra in the province, with 2025 drilling confirming mineralization continuity, further exploration planned through 2026 at zones such as Kemess Offset and Kemess East, and technical work advancing toward a planned pre-feasibility study in 2027, underscoring the project’s importance to the company’s long-term growth pipeline and the province’s mining-led economic development.

The most recent analyst rating on (TSE:CG) stock is a Sell with a C$10.50 price target. To see the full list of analyst forecasts on Centerra Gold stock, see the TSE:CG Stock Forecast page.

Spark’s Take on TSE:CG Stock

According to Spark, TipRanks’ AI Analyst, TSE:CG is a Outperform.

Centerra Gold’s overall stock score reflects its strong financial performance, attractive valuation, and positive technical indicators. The company’s robust earnings call further supports its growth potential, despite some operational challenges. The stock is well-positioned for future gains, with a solid balance sheet and strategic initiatives in place.

To see Spark’s full report on TSE:CG stock, click here.

More about Centerra Gold

Centerra Gold Inc. is a Canadian-based gold and copper mining company listed on the TSX and NYSE, with a portfolio of producing operations and development projects, including the Mount Milligan mine and the Kemess project in British Columbia. The company focuses on long-life, low-cost gold-copper assets in tier-one mining jurisdictions, emphasizing organic growth through exploration, resource expansion and staged project development using existing infrastructure where possible.

Average Trading Volume: 871,759

Technical Sentiment Signal: Buy

Current Market Cap: C$4.52B

Find detailed analytics on CG stock on TipRanks’ Stock Analysis page.