# Centerra Gold's Kemess Preliminary Economic Assessment Highlights Strong Economics that Support the Company's Long-Term Growth Pipeline Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/centerra-gold-s-kemess-preliminary-economic-assessment-highlights-strong-economi--e208916c-8835-43aa-a8b8-3f8cb15e386f Original source: https://money.tmx.com/en/quote/CG/news/7845814614552362/centerra-gold-s-kemess-preliminary-economic-assessment-highlights-strong-economi Publisher: tmx Original announcement: 2026-01-19T22:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Centerra Gold Inc. - Ticker: CG - Exchange: TSX - Region: British Columbia - Primary commodity: Gold - Secondary commodities: Copper, Silver - Document categories: Resource update, Production - Extracted: 2026-08-21 03:10:49 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Centerra Gold announced robust economics from a Preliminary Economic Assessment \(PEA\) for its Kemess project in British Columbia, showing an after-tax NPV of $1.1 billion and an IRR of 16.4%. The PEA is supported by an updated and expanded mineral resource, which now includes 3.3 million ounces of gold and 1.1 billion pounds of copper in the indicated category, and 3.6 million ounces of gold and 1.2 billion pounds of copper in the inferred category. The study outlines an integrated open pit and underground mining strategy with a 15-year mine life, leveraging existing infrastructure and projecting average annual production of 171,000 ounces of gold and 61 million pounds of copper. Reasoning: The Preliminary Economic Assessment for the Kemess project highlights robust economics with a significant after-tax NPV and IRR, supported by an expanded gold-copper-silver mineral resource. However, the PEA is preliminary and includes a substantial portion of inferred resources, and the average gold and copper grades have declined compared to the previous estimate. - Positive factor: Strong economics \(NPV, IRR\) - Positive factor: Expanded mineral resource - Positive factor: Integrated open pit and underground mining strategy - Positive factor: Leveraging existing infrastructure - Positive factor: Significant contained metal growth - Positive factor: NI 43-101 compliant resource - Positive factor: QP/CP sign-off - Positive factor: Strong copper recovery - Negative factor: Preliminary economic assessment \(PEA\) nature - Negative factor: Reliance on inferred mineral resources - Negative factor: Grade decline in updated resource - Negative factor: Low gold recovery Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 54 ## Classification and evidence **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The document announces an 'updated mineral resource' and the results of a PEA. Evidence · text > updated mineral resource **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: The entire document is a Preliminary Economic Assessment \(PEA\) for the Kemess project. Evidence · text > Preliminary Economic Assessment **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: Christopher Richings, Professional Engineer and Centerra’s Vice President, Technical Services, is named as the 'qualified person' who reviewed and approved the scientific and technical information. Evidence · text > Christopher Richings, Professional Engineer, member of the Engineers and Geoscientists British Columbia and Centerra’s Vice President, Technical Services, has reviewed and approved the scientific and technical information contained in this news release. Mr. Richings is a “qualified person” within the meaning of the Canadian Securities Administrator’s NI 43-101 Standards of Disclosure for Mineral Projects. **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The technical report on Kemess will be prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects. Evidence · text > A technical report on Kemess will be prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects \(“NI 43-101”\) **Contained Metal Growth** Polarity: positive Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes. Why it applies: The updated mineral resource shows significant increases in contained gold \(from 2,742 koz to 3,269 koz indicated, and 2,228 koz to 3,555 koz inferred\) and copper \(from 971 Mlbs to 1,146 Mlbs indicated, and 821 Mlbs to 1,223 Mlbs inferred\) compared to the previous estimate. Evidence · text > The updated mineral resource contains 3.3 million ounces of gold and 1.1 billion pounds of copper in the indicated category, and 3.6 million ounces of gold and 1.2 billion pounds of copper in the inferred category. **Tonnage Growth** Polarity: positive Definition: Significant tonnage increase \(≥15%\) vs prior estimate with grade maintained or improved. Why it applies: The total indicated tonnage increased from 192,990 kt to 244,431 kt, and total inferred tonnage increased from 169,260 kt to 299,593 kt. Evidence · table > 244,431 Context: Total Indicated **Grade Decline** Polarity: negative Definition: Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling. Why it applies: The average gold grade for total indicated resources decreased from 0.44 g/t to 0.42 g/t, and for total inferred resources from 0.41 g/t to 0.37 g/t. Similarly, copper grades also declined. Evidence · table > 0.42 Context: Total Indicated **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: A significant portion of the updated mineral resource \(299.6 million tonnes\) is classified as Inferred, which is a speculative category. Evidence · text > The updated inferred mineral resource includes 299.6 million tonnes **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: The document clearly states the Net Smelter Return \(NSR\) cut-off values for the Kemess Main open pit, Kemess South open pit, Kemess Underground, and Kemess East underground zones. Evidence · text > The Kemess Main open pit mineral resources \(including the Nugget zone\) are constrained by a pit shell and are reported based on a Net Smelter Return \(“NSR”\) cut-off of $12.01 per tonne **Mill Route** Polarity: neutral Story-specific tag Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: The PEA mentions a 'processing plant refurbishment' and the production of 'gold-copper concentrate' and 'gold doré bars', indicating a mill-based processing route. Evidence · text > a 50,000 tpd nameplate processing plant in need of some refurbishment **Low Recovery** Polarity: negative Story-specific tag Definition: Recovery below the weak band for the commodity and processing route. Why it applies: The average gold recovery of 74.5% is below the typical weak threshold of 80% for gold in a mill route. Evidence · table > 74.5 Context: Average gold recovery \(%\) ## Extracted facts Stored fact records: 54. Some facts used in scoring do not have a stored record. ## Resource Estimates (54) ### Fact 1 [Link to this fact](https://atlas-staging.minestarters.com/news/centerra-gold-s-kemess-preliminary-economic-assessment-highlights-strong-economi--e208916c-8835-43aa-a8b8-3f8cb15e386f#fact-resource-facts-0) Kemess #### Identity - Project: Kemess - Ticker: CG #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: A 15-year mine life indicates a substantial project, contributing positively to the overall economics outlined in the PEA. - Positive factor: Long mine life - Negative factor: Preliminary economic assessment \(PEA\) nature Evidence · table > 15 Context: Mine Life \(years\) ### Fact 2 [Link to this fact](https://atlas-staging.minestarters.com/news/centerra-gold-s-kemess-preliminary-economic-assessment-highlights-strong-economi--e208916c-8835-43aa-a8b8-3f8cb15e386f#fact-resource-facts-1) Kemess · gold #### Identity - Project: Kemess - Commodity: gold - Ticker: CG #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: The projected total gold production of 2.323 million ounces is a significant figure, underpinning the project's economic potential. - Positive factor: Significant total gold production - Negative factor: Preliminary economic assessment \(PEA\) nature Evidence · table > 2,323 Context: Total gold production \(koz\) ### Fact 3 [Link to this fact](https://atlas-staging.minestarters.com/news/centerra-gold-s-kemess-preliminary-economic-assessment-highlights-strong-economi--e208916c-8835-43aa-a8b8-3f8cb15e386f#fact-resource-facts-2) Kemess · gold #### Identity - Project: Kemess - Commodity: gold - Ticker: CG #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: An average annual gold production of 171,000 ounces indicates a substantial and consistent output over the mine life. - Positive factor: Strong average annual gold production - Negative factor: Preliminary economic assessment \(PEA\) nature Evidence · table > 171 Context: Average annual gold production\(koz\) ### Fact 4 [Link to this fact](https://atlas-staging.minestarters.com/news/centerra-gold-s-kemess-preliminary-economic-assessment-highlights-strong-economi--e208916c-8835-43aa-a8b8-3f8cb15e386f#fact-resource-facts-3) Kemess · copper #### Identity - Project: Kemess - Commodity: copper - Ticker: CG #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: The projected total copper production of 851 million pounds is a substantial figure, contributing significantly to the project's economic viability. - Positive factor: Significant total copper production - Negative factor: Preliminary economic assessment \(PEA\) nature Evidence · table > 851 Context: Total copper production \(Mlbs\) ### Fact 5 [Link to this fact](https://atlas-staging.minestarters.com/news/centerra-gold-s-kemess-preliminary-economic-assessment-highlights-strong-economi--e208916c-8835-43aa-a8b8-3f8cb15e386f#fact-resource-facts-4) Kemess · copper #### Identity - Project: Kemess - Commodity: copper - Ticker: CG #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: An average annual copper production of 61 million pounds indicates a substantial and consistent output over the mine life. - Positive factor: Strong average annual copper production - Negative factor: Preliminary economic assessment \(PEA\) nature Evidence · table > 61 Context: Average annual copper production\(Mlbs\) ### Fact 6 [Link to this fact](https://atlas-staging.minestarters.com/news/centerra-gold-s-kemess-preliminary-economic-assessment-highlights-strong-economi--e208916c-8835-43aa-a8b8-3f8cb15e386f#fact-resource-facts-5) Kemess #### Identity - Project: Kemess - Ticker: CG #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: The total process plant feed of 254.869 million tonnes indicates the scale of the operation over the mine life. - Negative factor: Preliminary economic assessment \(PEA\) nature Evidence · table > 254,869 Context: Total process plant feed \(M tonnes\) ### Fact 7 [Link to this fact](https://atlas-staging.minestarters.com/news/centerra-gold-s-kemess-preliminary-economic-assessment-highlights-strong-economi--e208916c-8835-43aa-a8b8-3f8cb15e386f#fact-resource-facts-6) Kemess #### Identity - Project: Kemess - Ticker: CG #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: An average process plant throughput of 50,000 tonnes per day indicates a large-scale processing operation. - Negative factor: Preliminary economic assessment \(PEA\) nature Evidence · table > 50,000 Context: Average process plant throughput – post-2033 \(tonnes per day “tpd”\) ### Fact 8 [Link to this fact](https://atlas-staging.minestarters.com/news/centerra-gold-s-kemess-preliminary-economic-assessment-highlights-strong-economi--e208916c-8835-43aa-a8b8-3f8cb15e386f#fact-resource-facts-7) Kemess · gold #### Identity - Project: Kemess - Commodity: gold - Ticker: CG #### Resource Data - Grade: 0.39 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: The average gold grade of 0.39 g/t is on the lower side for a porphyry deposit, but contributes to the overall economic assessment. - Negative factor: Preliminary economic assessment \(PEA\) nature - Negative factor: Low gold grade for porphyry deposit Evidence · table > 0.39 Context: Average gold grade \(grams per tonne “g/t”\) ### Fact 9 [Link to this fact](https://atlas-staging.minestarters.com/news/centerra-gold-s-kemess-preliminary-economic-assessment-highlights-strong-economi--e208916c-8835-43aa-a8b8-3f8cb15e386f#fact-resource-facts-8) Kemess · copper #### Identity - Project: Kemess - Commodity: copper - Ticker: CG #### Resource Data - Grade: 0.18 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: The average copper grade of 0.18% is on the lower side for a porphyry deposit, but contributes to the overall economic assessment. - Negative factor: Preliminary economic assessment \(PEA\) nature - Negative factor: Low copper grade for porphyry deposit Evidence · table > 0.18 Context: Average copper grade \(%\) ### Fact 10 [Link to this fact](https://atlas-staging.minestarters.com/news/centerra-gold-s-kemess-preliminary-economic-assessment-highlights-strong-economi--e208916c-8835-43aa-a8b8-3f8cb15e386f#fact-resource-facts-9) Kemess · gold #### Identity - Project: Kemess - Commodity: gold - Ticker: CG #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: The average gold recovery of 74.5% is below the typical weak threshold for a mill route, indicating potential metallurgical challenges or a need for further optimization. - Negative factor: Preliminary economic assessment \(PEA\) nature - Negative factor: Low gold recovery Evidence · table > 74.5 Context: Average gold recovery \(%\) ### Fact 11 [Link to this fact](https://atlas-staging.minestarters.com/news/centerra-gold-s-kemess-preliminary-economic-assessment-highlights-strong-economi--e208916c-8835-43aa-a8b8-3f8cb15e386f#fact-resource-facts-10) Kemess · copper #### Identity - Project: Kemess - Commodity: copper - Ticker: CG #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: The average copper recovery of 88.2% is strong for a porphyry deposit, positively impacting the project's economics. - Positive factor: Strong copper recovery - Negative factor: Preliminary economic assessment \(PEA\) nature Evidence · table > 88.2 Context: Average copper recovery \(%\) ### Fact 12 [Link to this fact](https://atlas-staging.minestarters.com/news/centerra-gold-s-kemess-preliminary-economic-assessment-highlights-strong-economi--e208916c-8835-43aa-a8b8-3f8cb15e386f#fact-resource-facts-11) Kemess #### Identity - Project: Kemess - Ticker: CG #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: The open pit mining cost of $2.81 per tonne mined is a key operating cost input for the PEA. - Negative factor: Preliminary economic assessment \(PEA\) nature Evidence · table > 2.81 Context: Open pit mining cost per tonne mined \($/tonne\) ### Fact 13 [Link to this fact](https://atlas-staging.minestarters.com/news/centerra-gold-s-kemess-preliminary-economic-assessment-highlights-strong-economi--e208916c-8835-43aa-a8b8-3f8cb15e386f#fact-resource-facts-12) Kemess #### Identity - Project: Kemess - Ticker: CG #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: The underground mining cost of $31.48 per tonne mined is a key operating cost input for the PEA. - Negative factor: Preliminary economic assessment \(PEA\) nature Evidence · table > 31.48 Context: Underground mining cost per tonne mined\($/tonne\) ### Fact 14 [Link to this fact](https://atlas-staging.minestarters.com/news/centerra-gold-s-kemess-preliminary-economic-assessment-highlights-strong-economi--e208916c-8835-43aa-a8b8-3f8cb15e386f#fact-resource-facts-13) Kemess #### Identity - Project: Kemess - Ticker: CG #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: The processing cost of $6.11 per tonne processed is a key operating cost input for the PEA. - Negative factor: Preliminary economic assessment \(PEA\) nature Evidence · table > 6.11 Context: Processing cost per tonne processed \($/tonne\) ### Fact 15 [Link to this fact](https://atlas-staging.minestarters.com/news/centerra-gold-s-kemess-preliminary-economic-assessment-highlights-strong-economi--e208916c-8835-43aa-a8b8-3f8cb15e386f#fact-resource-facts-14) Kemess #### Identity - Project: Kemess - Ticker: CG #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: The G&A cost of $3.83 per tonne processed is a key operating cost input for the PEA. - Negative factor: Preliminary economic assessment \(PEA\) nature Evidence · table > 3.83 Context: General & Administrative \(“G&A”\) cost per tonne processed\($/tonne\) ### Fact 16 [Link to this fact](https://atlas-staging.minestarters.com/news/centerra-gold-s-kemess-preliminary-economic-assessment-highlights-strong-economi--e208916c-8835-43aa-a8b8-3f8cb15e386f#fact-resource-facts-15) Kemess · gold #### Identity - Project: Kemess - Commodity: gold - Ticker: CG #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: The gold production cost of $1,401 per ounce sold is a key metric for the project's profitability. - Negative factor: Preliminary economic assessment \(PEA\) nature Evidence · table > 1,401 Context: Gold production costs per ounce sold \($/oz\) ### Fact 17 [Link to this fact](https://atlas-staging.minestarters.com/news/centerra-gold-s-kemess-preliminary-economic-assessment-highlights-strong-economi--e208916c-8835-43aa-a8b8-3f8cb15e386f#fact-resource-facts-16) Kemess · gold #### Identity - Project: Kemess - Commodity: gold - Ticker: CG #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: The all-in sustaining cost of $971 per ounce on a by-product basis is competitive, indicating strong economic potential for the project. - Positive factor: Competitive all-in sustaining costs - Negative factor: Preliminary economic assessment \(PEA\) nature Evidence · table > 971 Context: All-in sustaining costs on a by-product basisper ounce sold \($/oz\) ### Fact 18 [Link to this fact](https://atlas-staging.minestarters.com/news/centerra-gold-s-kemess-preliminary-economic-assessment-highlights-strong-economi--e208916c-8835-43aa-a8b8-3f8cb15e386f#fact-resource-facts-17) Kemess #### Identity - Project: Kemess - Ticker: CG #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: The initial non-sustaining capital expenditure of $771 million is a significant investment required to achieve first production. - Negative factor: Preliminary economic assessment \(PEA\) nature Evidence · table > 771 Context: Initial non-sustaining capital expenditures\($ millions\) ### Fact 19 [Link to this fact](https://atlas-staging.minestarters.com/news/centerra-gold-s-kemess-preliminary-economic-assessment-highlights-strong-economi--e208916c-8835-43aa-a8b8-3f8cb15e386f#fact-resource-facts-18) Kemess #### Identity - Project: Kemess - Ticker: CG #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: An additional $277 million in expansionary capital expenditures is planned to support underground operations, indicating a staged development approach. - Negative factor: Preliminary economic assessment \(PEA\) nature Evidence · table > 277 Context: Expansionary non-sustaining capital expenditures\($ millions\) ### Fact 20 [Link to this fact](https://atlas-staging.minestarters.com/news/centerra-gold-s-kemess-preliminary-economic-assessment-highlights-strong-economi--e208916c-8835-43aa-a8b8-3f8cb15e386f#fact-resource-facts-19) Kemess #### Identity - Project: Kemess - Ticker: CG #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: The total sustaining capital expenditures of $595 million over the life of mine are a key component of the project's overall cost structure. - Negative factor: Preliminary economic assessment \(PEA\) nature Evidence · table > 595 Context: Sustaining capital expenditures\($ millions\) ### Fact 21 [Link to this fact](https://atlas-staging.minestarters.com/news/centerra-gold-s-kemess-preliminary-economic-assessment-highlights-strong-economi--e208916c-8835-43aa-a8b8-3f8cb15e386f#fact-resource-facts-20) Kemess #### Identity - Project: Kemess - Ticker: CG #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: The after-tax NPV 5% of $1.094 billion indicates strong economic viability for the project under the PEA assumptions. - Positive factor: Strong after-tax NPV - Negative factor: Preliminary economic assessment \(PEA\) nature - Negative factor: Reliance on inferred mineral resources Evidence · table > 1,094 Context: After-tax NPV 5% \($ millions\) ### Fact 22 [Link to this fact](https://atlas-staging.minestarters.com/news/centerra-gold-s-kemess-preliminary-economic-assessment-highlights-strong-economi--e208916c-8835-43aa-a8b8-3f8cb15e386f#fact-resource-facts-21) Kemess #### Identity - Project: Kemess - Ticker: CG #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: The Internal Rate of Return \(IRR\) of 16.4% demonstrates robust project economics, supporting the investment case. - Positive factor: Robust internal rate of return - Negative factor: Preliminary economic assessment \(PEA\) nature - Negative factor: Reliance on inferred mineral resources Evidence · table > 16.4 Context: IRR \(%\) ### Fact 23 [Link to this fact](https://atlas-staging.minestarters.com/news/centerra-gold-s-kemess-preliminary-economic-assessment-highlights-strong-economi--e208916c-8835-43aa-a8b8-3f8cb15e386f#fact-resource-facts-22) Kemess #### Identity - Project: Kemess - Ticker: CG #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: The after-tax NPV 5% increasing to $2.754 billion at spot commodity prices highlights significant upside potential for the project. - Positive factor: Significant upside at spot prices - Negative factor: Preliminary economic assessment \(PEA\) nature - Negative factor: Reliance on inferred mineral resources Evidence · table > 2,754 Context: After-tax NPV 5% \($ millions\) ### Fact 24 [Link to this fact](https://atlas-staging.minestarters.com/news/centerra-gold-s-kemess-preliminary-economic-assessment-highlights-strong-economi--e208916c-8835-43aa-a8b8-3f8cb15e386f#fact-resource-facts-23) Kemess #### Identity - Project: Kemess - Ticker: CG #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: The IRR increasing to 28.7% at spot commodity prices demonstrates substantial upside potential and leverage to higher metal prices. - Positive factor: Significant upside at spot prices - Negative factor: Preliminary economic assessment \(PEA\) nature - Negative factor: Reliance on inferred mineral resources Evidence · table > 28.7 Context: IRR \(%\) ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/centerra-gold-s-kemess-preliminary-economic-assessment-highlights-strong-economi--e208916c-8835-43aa-a8b8-3f8cb15e386f#fact-resource-facts-24) Kemess · gold #### Identity - Project: Kemess - Commodity: gold - Region: canada\_bc - Reported Region: British Columbia - Ticker: CG #### Resource Data - Category: indicated - Tonnes: 170513000 - Grade: 0.3 - Grade Unit: g/t - Contained Metal: 1668000 - Contained Unit: oz - Cutoff Grade: 12.01 #### Location - Loc. Confidence: high #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: The indicated gold resource for Kemess Main open pit shows an increase in contained metal compared to the previous estimate, contributing to the overall expanded resource base, though with a slight grade decline. - Positive factor: Expanded mineral resource - Positive factor: NI 43-101 compliant resource - Positive factor: QP/CP sign-off - Negative factor: Preliminary economic assessment \(PEA\) nature - Negative factor: Grade decline compared to prior estimate Evidence · table > 0.30 Context: 170,513 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: The resource is classified as Indicated Mineral Resources. Evidence · table > Indicated Mineral Resources Context: 170,513 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/centerra-gold-s-kemess-preliminary-economic-assessment-highlights-strong-economi--e208916c-8835-43aa-a8b8-3f8cb15e386f#fact-resource-facts-25) Kemess · copper #### Identity - Project: Kemess - Commodity: copper - Region: canada\_bc - Reported Region: British Columbia - Ticker: CG #### Resource Data - Category: indicated - Tonnes: 170513000 - Grade: 0.15 - Grade Unit: % - Contained Metal: 575000000 - Contained Unit: lbs - Cutoff Grade: 12.01 #### Location - Loc. Confidence: high #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: The indicated copper resource for Kemess Main open pit shows an increase in contained metal compared to the previous estimate, contributing to the overall expanded resource base, though with a slight grade decline. - Positive factor: Expanded mineral resource - Positive factor: NI 43-101 compliant resource - Positive factor: QP/CP sign-off - Negative factor: Preliminary economic assessment \(PEA\) nature - Negative factor: Grade decline compared to prior estimate Evidence · table > 0.15 Context: 170,513 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: The resource is classified as Indicated Mineral Resources. Evidence · table > Indicated Mineral Resources Context: 170,513 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/centerra-gold-s-kemess-preliminary-economic-assessment-highlights-strong-economi--e208916c-8835-43aa-a8b8-3f8cb15e386f#fact-resource-facts-26) Kemess · silver #### Identity - Project: Kemess - Commodity: silver - Region: canada\_bc - Reported Region: British Columbia - Ticker: CG #### Resource Data - Category: indicated - Tonnes: 170513000 - Grade: 1.12 - Grade Unit: g/t - Contained Metal: 6155000 - Contained Unit: oz - Cutoff Grade: 12.01 #### Location - Loc. Confidence: high #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: The indicated silver resource for Kemess Main open pit contributes to the overall expanded resource base. - Positive factor: Expanded mineral resource - Positive factor: NI 43-101 compliant resource - Positive factor: QP/CP sign-off - Negative factor: Preliminary economic assessment \(PEA\) nature Evidence · table > 1.12 Context: 170,513 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: The resource is classified as Indicated Mineral Resources. Evidence · table > Indicated Mineral Resources Context: 170,513 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/centerra-gold-s-kemess-preliminary-economic-assessment-highlights-strong-economi--e208916c-8835-43aa-a8b8-3f8cb15e386f#fact-resource-facts-27) Kemess · gold #### Identity - Project: Kemess - Commodity: gold - Region: canada\_bc - Reported Region: British Columbia - Ticker: CG #### Resource Data - Category: indicated - Tonnes: 13204000 - Grade: 0.37 - Grade Unit: g/t - Contained Metal: 158000 - Contained Unit: oz - Cutoff Grade: 9.98 #### Location - Loc. Confidence: high #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: The indicated gold resource for Kemess South open pit adds to the overall expanded resource base. - Positive factor: Expanded mineral resource - Positive factor: NI 43-101 compliant resource - Positive factor: QP/CP sign-off - Negative factor: Preliminary economic assessment \(PEA\) nature Evidence · table > 0.37 Context: 13,204 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: The resource is classified as Indicated Mineral Resources. Evidence · table > Indicated Mineral Resources Context: 13,204 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/centerra-gold-s-kemess-preliminary-economic-assessment-highlights-strong-economi--e208916c-8835-43aa-a8b8-3f8cb15e386f#fact-resource-facts-28) Kemess · copper #### Identity - Project: Kemess - Commodity: copper - Region: canada\_bc - Reported Region: British Columbia - Ticker: CG #### Resource Data - Category: indicated - Tonnes: 13204000 - Grade: 0.13 - Grade Unit: % - Contained Metal: 38000000 - Contained Unit: lbs - Cutoff Grade: 9.98 #### Location - Loc. Confidence: high #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: The indicated copper resource for Kemess South open pit adds to the overall expanded resource base. - Positive factor: Expanded mineral resource - Positive factor: NI 43-101 compliant resource - Positive factor: QP/CP sign-off - Negative factor: Preliminary economic assessment \(PEA\) nature Evidence · table > 0.13 Context: 13,204 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: The resource is classified as Indicated Mineral Resources. Evidence · table > Indicated Mineral Resources Context: 13,204 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/centerra-gold-s-kemess-preliminary-economic-assessment-highlights-strong-economi--e208916c-8835-43aa-a8b8-3f8cb15e386f#fact-resource-facts-29) Kemess · silver #### Identity - Project: Kemess - Commodity: silver - Region: canada\_bc - Reported Region: British Columbia - Ticker: CG #### Resource Data - Category: indicated - Tonnes: 13204000 - Grade: 0.68 - Grade Unit: g/t - Contained Metal: 289000 - Contained Unit: oz - Cutoff Grade: 9.98 #### Location - Loc. Confidence: high #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: The indicated silver resource for Kemess South open pit contributes to the overall expanded resource base. - Positive factor: Expanded mineral resource - Positive factor: NI 43-101 compliant resource - Positive factor: QP/CP sign-off - Negative factor: Preliminary economic assessment \(PEA\) nature Evidence · table > 0.68 Context: 13,204 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: The resource is classified as Indicated Mineral Resources. Evidence · table > Indicated Mineral Resources Context: 13,204 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/centerra-gold-s-kemess-preliminary-economic-assessment-highlights-strong-economi--e208916c-8835-43aa-a8b8-3f8cb15e386f#fact-resource-facts-30) Kemess · gold #### Identity - Project: Kemess - Commodity: gold - Region: canada\_bc - Reported Region: British Columbia - Ticker: CG #### Resource Data - Category: indicated - Tonnes: 33223000 - Grade: 0.82 - Grade Unit: g/t - Contained Metal: 877000 - Contained Unit: oz - Cutoff Grade: 40.68 #### Location - Loc. Confidence: high #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: The indicated gold resource for Kemess UG shows an increase in contained metal compared to the previous estimate, contributing to the overall expanded resource base, though with a slight grade decline. - Positive factor: Expanded mineral resource - Positive factor: NI 43-101 compliant resource - Positive factor: QP/CP sign-off - Negative factor: Preliminary economic assessment \(PEA\) nature - Negative factor: Grade decline compared to prior estimate Evidence · table > 0.82 Context: 33,223 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: The resource is classified as Indicated Mineral Resources. Evidence · table > Indicated Mineral Resources Context: 33,223 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/centerra-gold-s-kemess-preliminary-economic-assessment-highlights-strong-economi--e208916c-8835-43aa-a8b8-3f8cb15e386f#fact-resource-facts-31) Kemess · copper #### Identity - Project: Kemess - Commodity: copper - Region: canada\_bc - Reported Region: British Columbia - Ticker: CG #### Resource Data - Category: indicated - Tonnes: 33223000 - Grade: 0.36 - Grade Unit: % - Contained Metal: 265000000 - Contained Unit: lbs - Cutoff Grade: 40.68 #### Location - Loc. Confidence: high #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: The indicated copper resource for Kemess UG shows an increase in contained metal compared to the previous estimate, contributing to the overall expanded resource base, though with a slight grade decline. - Positive factor: Expanded mineral resource - Positive factor: NI 43-101 compliant resource - Positive factor: QP/CP sign-off - Negative factor: Preliminary economic assessment \(PEA\) nature - Negative factor: Grade decline compared to prior estimate Evidence · table > 0.36 Context: 33,223 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: The resource is classified as Indicated Mineral Resources. Evidence · table > Indicated Mineral Resources Context: 33,223 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/centerra-gold-s-kemess-preliminary-economic-assessment-highlights-strong-economi--e208916c-8835-43aa-a8b8-3f8cb15e386f#fact-resource-facts-32) Kemess · silver #### Identity - Project: Kemess - Commodity: silver - Region: canada\_bc - Reported Region: British Columbia - Ticker: CG #### Resource Data - Category: indicated - Tonnes: 33223000 - Grade: 2.48 - Grade Unit: g/t - Contained Metal: 2652000 - Contained Unit: oz - Cutoff Grade: 40.68 #### Location - Loc. Confidence: high #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: The indicated silver resource for Kemess UG contributes to the overall expanded resource base. - Positive factor: Expanded mineral resource - Positive factor: NI 43-101 compliant resource - Positive factor: QP/CP sign-off - Negative factor: Preliminary economic assessment \(PEA\) nature Evidence · table > 2.48 Context: 33,223 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: The resource is classified as Indicated Mineral Resources. Evidence · table > Indicated Mineral Resources Context: 33,223 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/centerra-gold-s-kemess-preliminary-economic-assessment-highlights-strong-economi--e208916c-8835-43aa-a8b8-3f8cb15e386f#fact-resource-facts-33) Kemess · gold #### Identity - Project: Kemess - Commodity: gold - Region: canada\_bc - Reported Region: British Columbia - Ticker: CG #### Resource Data - Category: indicated - Tonnes: 27491000 - Grade: 0.64 - Grade Unit: g/t - Contained Metal: 565000 - Contained Unit: oz - Cutoff Grade: 40.68 #### Location - Loc. Confidence: high #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: The indicated gold resource for Kemess East underground shows an increase in contained metal compared to the previous estimate, contributing to the overall expanded resource base, though with a slight grade decline. - Positive factor: Expanded mineral resource - Positive factor: NI 43-101 compliant resource - Positive factor: QP/CP sign-off - Negative factor: Preliminary economic assessment \(PEA\) nature - Negative factor: Grade decline compared to prior estimate Evidence · table > 0.64 Context: 27,491 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: The resource is classified as Indicated Mineral Resources. Evidence · table > Indicated Mineral Resources Context: 27,491 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/centerra-gold-s-kemess-preliminary-economic-assessment-highlights-strong-economi--e208916c-8835-43aa-a8b8-3f8cb15e386f#fact-resource-facts-34) Kemess · copper #### Identity - Project: Kemess - Commodity: copper - Region: canada\_bc - Reported Region: British Columbia - Ticker: CG #### Resource Data - Category: indicated - Tonnes: 27491000 - Grade: 0.44 - Grade Unit: % - Contained Metal: 268000000 - Contained Unit: lbs - Cutoff Grade: 40.68 #### Location - Loc. Confidence: high #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: The indicated copper resource for Kemess East underground shows an increase in contained metal compared to the previous estimate, contributing to the overall expanded resource base, though with a slight grade decline. - Positive factor: Expanded mineral resource - Positive factor: NI 43-101 compliant resource - Positive factor: QP/CP sign-off - Negative factor: Preliminary economic assessment \(PEA\) nature - Negative factor: Grade decline compared to prior estimate Evidence · table > 0.44 Context: 27,491 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: The resource is classified as Indicated Mineral Resources. Evidence · table > Indicated Mineral Resources Context: 27,491 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/centerra-gold-s-kemess-preliminary-economic-assessment-highlights-strong-economi--e208916c-8835-43aa-a8b8-3f8cb15e386f#fact-resource-facts-35) Kemess · silver #### Identity - Project: Kemess - Commodity: silver - Region: canada\_bc - Reported Region: British Columbia - Ticker: CG #### Resource Data - Category: indicated - Tonnes: 27491000 - Grade: 1.91 - Grade Unit: g/t - Contained Metal: 1684000 - Contained Unit: oz - Cutoff Grade: 40.68 #### Location - Loc. Confidence: high #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: The indicated silver resource for Kemess East underground contributes to the overall expanded resource base. - Positive factor: Expanded mineral resource - Positive factor: NI 43-101 compliant resource - Positive factor: QP/CP sign-off - Negative factor: Preliminary economic assessment \(PEA\) nature Evidence · table > 1.91 Context: 27,491 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: The resource is classified as Indicated Mineral Resources. Evidence · table > Indicated Mineral Resources Context: 27,491 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/centerra-gold-s-kemess-preliminary-economic-assessment-highlights-strong-economi--e208916c-8835-43aa-a8b8-3f8cb15e386f#fact-resource-facts-36) Kemess · gold #### Identity - Project: Kemess - Commodity: gold - Region: canada\_bc - Reported Region: British Columbia - Ticker: CG #### Resource Data - Category: indicated - Tonnes: 244431000 - Grade: 0.42 - Grade Unit: g/t - Contained Metal: 3269000 - Contained Unit: oz #### Location - Loc. Confidence: high #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: The total indicated gold resource shows significant growth in contained metal, contributing to the project's overall scale, despite a slight decrease in average grade. - Positive factor: Expanded mineral resource - Positive factor: NI 43-101 compliant resource - Positive factor: QP/CP sign-off - Positive factor: Significant contained metal growth - Negative factor: Preliminary economic assessment \(PEA\) nature - Negative factor: Grade decline compared to prior estimate Evidence · table > 0.42 Context: 244,431 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: The resource is classified as Indicated Mineral Resources. Evidence · table > Indicated Mineral Resources Context: 244,431 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/centerra-gold-s-kemess-preliminary-economic-assessment-highlights-strong-economi--e208916c-8835-43aa-a8b8-3f8cb15e386f#fact-resource-facts-37) Kemess · copper #### Identity - Project: Kemess - Commodity: copper - Region: canada\_bc - Reported Region: British Columbia - Ticker: CG #### Resource Data - Category: indicated - Tonnes: 244431000 - Grade: 0.21 - Grade Unit: % - Contained Metal: 1146000000 - Contained Unit: lbs #### Location - Loc. Confidence: high #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: The total indicated copper resource shows significant growth in contained metal, contributing to the project's overall scale, despite a slight decrease in average grade. - Positive factor: Expanded mineral resource - Positive factor: NI 43-101 compliant resource - Positive factor: QP/CP sign-off - Positive factor: Significant contained metal growth - Negative factor: Preliminary economic assessment \(PEA\) nature - Negative factor: Grade decline compared to prior estimate Evidence · table > 0.21 Context: 244,431 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: The resource is classified as Indicated Mineral Resources. Evidence · table > Indicated Mineral Resources Context: 244,431 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/centerra-gold-s-kemess-preliminary-economic-assessment-highlights-strong-economi--e208916c-8835-43aa-a8b8-3f8cb15e386f#fact-resource-facts-38) Kemess · silver #### Identity - Project: Kemess - Commodity: silver - Region: canada\_bc - Reported Region: British Columbia - Ticker: CG #### Resource Data - Category: indicated - Tonnes: 244431000 - Grade: 1.37 - Grade Unit: g/t - Contained Metal: 10780000 - Contained Unit: oz #### Location - Loc. Confidence: high #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: The total indicated silver resource contributes to the project's overall scale. - Positive factor: Expanded mineral resource - Positive factor: NI 43-101 compliant resource - Positive factor: QP/CP sign-off - Negative factor: Preliminary economic assessment \(PEA\) nature Evidence · table > 1.37 Context: 244,431 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: The resource is classified as Indicated Mineral Resources. Evidence · table > Indicated Mineral Resources Context: 244,431 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/centerra-gold-s-kemess-preliminary-economic-assessment-highlights-strong-economi--e208916c-8835-43aa-a8b8-3f8cb15e386f#fact-resource-facts-39) Kemess · gold #### Identity - Project: Kemess - Commodity: gold - Region: canada\_bc - Reported Region: British Columbia - Ticker: CG #### Resource Data - Category: inferred - Tonnes: 237050000 - Grade: 0.3 - Grade Unit: g/t - Contained Metal: 2299000 - Contained Unit: oz - Cutoff Grade: 12.01 #### Location - Loc. Confidence: high #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: The inferred gold resource for Kemess Main open pit shows significant growth in contained metal compared to the previous estimate, contributing to the overall expanded resource base, though with a slight grade decline. - Positive factor: Expanded mineral resource - Positive factor: NI 43-101 compliant resource - Positive factor: QP/CP sign-off - Negative factor: Preliminary economic assessment \(PEA\) nature - Negative factor: Reliance on inferred mineral resources - Negative factor: Grade decline compared to prior estimate Evidence · table > 0.30 Context: 237,050 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The resource is classified as Inferred Mineral Resources, which is a speculative category. Evidence · table > Inferred Mineral Resources Context: 237,050 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/centerra-gold-s-kemess-preliminary-economic-assessment-highlights-strong-economi--e208916c-8835-43aa-a8b8-3f8cb15e386f#fact-resource-facts-40) Kemess · copper #### Identity - Project: Kemess - Commodity: copper - Region: canada\_bc - Reported Region: British Columbia - Ticker: CG #### Resource Data - Category: inferred - Tonnes: 237050000 - Grade: 0.13 - Grade Unit: % - Contained Metal: 682000000 - Contained Unit: lbs - Cutoff Grade: 12.01 #### Location - Loc. Confidence: high #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: The inferred copper resource for Kemess Main open pit shows significant growth in contained metal compared to the previous estimate, contributing to the overall expanded resource base, though with a slight grade decline. - Positive factor: Expanded mineral resource - Positive factor: NI 43-101 compliant resource - Positive factor: QP/CP sign-off - Negative factor: Preliminary economic assessment \(PEA\) nature - Negative factor: Reliance on inferred mineral resources - Negative factor: Grade decline compared to prior estimate Evidence · table > 0.13 Context: 237,050 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The resource is classified as Inferred Mineral Resources, which is a speculative category. Evidence · table > Inferred Mineral Resources Context: 237,050 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/centerra-gold-s-kemess-preliminary-economic-assessment-highlights-strong-economi--e208916c-8835-43aa-a8b8-3f8cb15e386f#fact-resource-facts-41) Kemess · silver #### Identity - Project: Kemess - Commodity: silver - Region: canada\_bc - Reported Region: British Columbia - Ticker: CG #### Resource Data - Category: inferred - Tonnes: 237050000 - Grade: 1.06 - Grade Unit: g/t - Contained Metal: 8108000 - Contained Unit: oz - Cutoff Grade: 12.01 #### Location - Loc. Confidence: high #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: The inferred silver resource for Kemess Main open pit contributes to the overall expanded resource base. - Positive factor: Expanded mineral resource - Positive factor: NI 43-101 compliant resource - Positive factor: QP/CP sign-off - Negative factor: Preliminary economic assessment \(PEA\) nature - Negative factor: Reliance on inferred mineral resources Evidence · table > 1.06 Context: 237,050 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The resource is classified as Inferred Mineral Resources, which is a speculative category. Evidence · table > Inferred Mineral Resources Context: 237,050 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/centerra-gold-s-kemess-preliminary-economic-assessment-highlights-strong-economi--e208916c-8835-43aa-a8b8-3f8cb15e386f#fact-resource-facts-42) Kemess · gold #### Identity - Project: Kemess - Commodity: gold - Region: canada\_bc - Reported Region: British Columbia - Ticker: CG #### Resource Data - Category: inferred - Tonnes: 198000 - Grade: 0.34 - Grade Unit: g/t - Contained Metal: 2000 - Contained Unit: oz - Cutoff Grade: 9.98 #### Location - Loc. Confidence: high #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: The inferred gold resource for Kemess South open pit adds to the overall expanded resource base. - Positive factor: Expanded mineral resource - Positive factor: NI 43-101 compliant resource - Positive factor: QP/CP sign-off - Negative factor: Preliminary economic assessment \(PEA\) nature - Negative factor: Reliance on inferred mineral resources Evidence · table > 0.34 Context: 198 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The resource is classified as Inferred Mineral Resources, which is a speculative category. Evidence · table > Inferred Mineral Resources Context: 198 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/centerra-gold-s-kemess-preliminary-economic-assessment-highlights-strong-economi--e208916c-8835-43aa-a8b8-3f8cb15e386f#fact-resource-facts-43) Kemess · copper #### Identity - Project: Kemess - Commodity: copper - Region: canada\_bc - Reported Region: British Columbia - Ticker: CG #### Resource Data - Category: inferred - Tonnes: 198000 - Grade: 0.08 - Grade Unit: % - Contained Metal: 400000 - Contained Unit: lbs - Cutoff Grade: 9.98 #### Location - Loc. Confidence: high #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: The inferred copper resource for Kemess South open pit adds to the overall expanded resource base. - Positive factor: Expanded mineral resource - Positive factor: NI 43-101 compliant resource - Positive factor: QP/CP sign-off - Negative factor: Preliminary economic assessment \(PEA\) nature - Negative factor: Reliance on inferred mineral resources Evidence · table > 0.08 Context: 198 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The resource is classified as Inferred Mineral Resources, which is a speculative category. Evidence · table > Inferred Mineral Resources Context: 198 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/centerra-gold-s-kemess-preliminary-economic-assessment-highlights-strong-economi--e208916c-8835-43aa-a8b8-3f8cb15e386f#fact-resource-facts-44) Kemess · silver #### Identity - Project: Kemess - Commodity: silver - Region: canada\_bc - Reported Region: British Columbia - Ticker: CG #### Resource Data - Category: inferred - Tonnes: 198000 - Grade: 0.42 - Grade Unit: g/t - Contained Metal: 3000 - Contained Unit: oz - Cutoff Grade: 9.98 #### Location - Loc. Confidence: high #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: The inferred silver resource for Kemess South open pit contributes to the overall expanded resource base. - Positive factor: Expanded mineral resource - Positive factor: NI 43-101 compliant resource - Positive factor: QP/CP sign-off - Negative factor: Preliminary economic assessment \(PEA\) nature - Negative factor: Reliance on inferred mineral resources Evidence · table > 0.42 Context: 198 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The resource is classified as Inferred Mineral Resources, which is a speculative category. Evidence · table > Inferred Mineral Resources Context: 198 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/centerra-gold-s-kemess-preliminary-economic-assessment-highlights-strong-economi--e208916c-8835-43aa-a8b8-3f8cb15e386f#fact-resource-facts-45) Kemess · gold #### Identity - Project: Kemess - Commodity: gold - Region: canada\_bc - Reported Region: British Columbia - Ticker: CG #### Resource Data - Category: inferred - Tonnes: 20094000 - Grade: 0.74 - Grade Unit: g/t - Contained Metal: 481000 - Contained Unit: oz - Cutoff Grade: 40.68 #### Location - Loc. Confidence: high #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: The inferred gold resource for Kemess UG shows an increase in contained metal compared to the previous estimate, contributing to the overall expanded resource base, though with a significant grade decline. - Positive factor: Expanded mineral resource - Positive factor: NI 43-101 compliant resource - Positive factor: QP/CP sign-off - Negative factor: Preliminary economic assessment \(PEA\) nature - Negative factor: Reliance on inferred mineral resources - Negative factor: Grade decline compared to prior estimate Evidence · table > 0.74 Context: 20,094 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The resource is classified as Inferred Mineral Resources, which is a speculative category. Evidence · table > Inferred Mineral Resources Context: 20,094 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/centerra-gold-s-kemess-preliminary-economic-assessment-highlights-strong-economi--e208916c-8835-43aa-a8b8-3f8cb15e386f#fact-resource-facts-46) Kemess · copper #### Identity - Project: Kemess - Commodity: copper - Region: canada\_bc - Reported Region: British Columbia - Ticker: CG #### Resource Data - Category: inferred - Tonnes: 20094000 - Grade: 0.33 - Grade Unit: % - Contained Metal: 148000000 - Contained Unit: lbs - Cutoff Grade: 40.68 #### Location - Loc. Confidence: high #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: The inferred copper resource for Kemess UG shows an increase in contained metal compared to the previous estimate, contributing to the overall expanded resource base, though with a significant grade decline. - Positive factor: Expanded mineral resource - Positive factor: NI 43-101 compliant resource - Positive factor: QP/CP sign-off - Negative factor: Preliminary economic assessment \(PEA\) nature - Negative factor: Reliance on inferred mineral resources - Negative factor: Grade decline compared to prior estimate Evidence · table > 0.33 Context: 20,094 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The resource is classified as Inferred Mineral Resources, which is a speculative category. Evidence · table > Inferred Mineral Resources Context: 20,094 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/centerra-gold-s-kemess-preliminary-economic-assessment-highlights-strong-economi--e208916c-8835-43aa-a8b8-3f8cb15e386f#fact-resource-facts-47) Kemess · silver #### Identity - Project: Kemess - Commodity: silver - Region: canada\_bc - Reported Region: British Columbia - Ticker: CG #### Resource Data - Category: inferred - Tonnes: 20094000 - Grade: 2.22 - Grade Unit: g/t - Contained Metal: 1433000 - Contained Unit: oz - Cutoff Grade: 40.68 #### Location - Loc. Confidence: high #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: The inferred silver resource for Kemess UG contributes to the overall expanded resource base. - Positive factor: Expanded mineral resource - Positive factor: NI 43-101 compliant resource - Positive factor: QP/CP sign-off - Negative factor: Preliminary economic assessment \(PEA\) nature - Negative factor: Reliance on inferred mineral resources Evidence · table > 2.22 Context: 20,094 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The resource is classified as Inferred Mineral Resources, which is a speculative category. Evidence · table > Inferred Mineral Resources Context: 20,094 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/centerra-gold-s-kemess-preliminary-economic-assessment-highlights-strong-economi--e208916c-8835-43aa-a8b8-3f8cb15e386f#fact-resource-facts-48) Kemess · gold #### Identity - Project: Kemess - Commodity: gold - Region: canada\_bc - Reported Region: British Columbia - Ticker: CG #### Resource Data - Category: inferred - Tonnes: 42252000 - Grade: 0.57 - Grade Unit: g/t - Contained Metal: 772000 - Contained Unit: oz - Cutoff Grade: 40.68 #### Location - Loc. Confidence: high #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: The inferred gold resource for Kemess East underground shows an increase in contained metal compared to the previous estimate, contributing to the overall expanded resource base, though with a slight grade decline. - Positive factor: Expanded mineral resource - Positive factor: NI 43-101 compliant resource - Positive factor: QP/CP sign-off - Negative factor: Preliminary economic assessment \(PEA\) nature - Negative factor: Reliance on inferred mineral resources - Negative factor: Grade decline compared to prior estimate Evidence · table > 0.57 Context: 42,252 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The resource is classified as Inferred Mineral Resources, which is a speculative category. Evidence · table > Inferred Mineral Resources Context: 42,252 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/centerra-gold-s-kemess-preliminary-economic-assessment-highlights-strong-economi--e208916c-8835-43aa-a8b8-3f8cb15e386f#fact-resource-facts-49) Kemess · copper #### Identity - Project: Kemess - Commodity: copper - Region: canada\_bc - Reported Region: British Columbia - Ticker: CG #### Resource Data - Category: inferred - Tonnes: 42252000 - Grade: 0.42 - Grade Unit: % - Contained Metal: 393000000 - Contained Unit: lbs - Cutoff Grade: 40.68 #### Location - Loc. Confidence: high #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: The inferred copper resource for Kemess East underground shows an increase in contained metal compared to the previous estimate, contributing to the overall expanded resource base, though with a slight grade decline. - Positive factor: Expanded mineral resource - Positive factor: NI 43-101 compliant resource - Positive factor: QP/CP sign-off - Negative factor: Preliminary economic assessment \(PEA\) nature - Negative factor: Reliance on inferred mineral resources - Negative factor: Grade decline compared to prior estimate Evidence · table > 0.42 Context: 42,252 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The resource is classified as Inferred Mineral Resources, which is a speculative category. Evidence · table > Inferred Mineral Resources Context: 42,252 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/centerra-gold-s-kemess-preliminary-economic-assessment-highlights-strong-economi--e208916c-8835-43aa-a8b8-3f8cb15e386f#fact-resource-facts-50) Kemess · silver #### Identity - Project: Kemess - Commodity: silver - Region: canada\_bc - Reported Region: British Columbia - Ticker: CG #### Resource Data - Category: inferred - Tonnes: 42252000 - Grade: 1.92 - Grade Unit: g/t - Contained Metal: 2602000 - Contained Unit: oz - Cutoff Grade: 40.68 #### Location - Loc. Confidence: high #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: The inferred silver resource for Kemess East underground contributes to the overall expanded resource base. - Positive factor: Expanded mineral resource - Positive factor: NI 43-101 compliant resource - Positive factor: QP/CP sign-off - Negative factor: Preliminary economic assessment \(PEA\) nature - Negative factor: Reliance on inferred mineral resources Evidence · table > 1.92 Context: 42,252 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The resource is classified as Inferred Mineral Resources, which is a speculative category. Evidence · table > Inferred Mineral Resources Context: 42,252 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/centerra-gold-s-kemess-preliminary-economic-assessment-highlights-strong-economi--e208916c-8835-43aa-a8b8-3f8cb15e386f#fact-resource-facts-51) Kemess · gold #### Identity - Project: Kemess - Commodity: gold - Region: canada\_bc - Reported Region: British Columbia - Ticker: CG #### Resource Data - Category: inferred - Tonnes: 299593000 - Grade: 0.37 - Grade Unit: g/t - Contained Metal: 3555000 - Contained Unit: oz #### Location - Loc. Confidence: high #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: The total inferred gold resource shows significant growth in contained metal, contributing substantially to the project's overall scale, despite a decrease in average grade. - Positive factor: Expanded mineral resource - Positive factor: NI 43-101 compliant resource - Positive factor: QP/CP sign-off - Positive factor: Significant contained metal growth - Negative factor: Preliminary economic assessment \(PEA\) nature - Negative factor: Reliance on inferred mineral resources - Negative factor: Grade decline compared to prior estimate Evidence · table > 0.37 Context: 299,593 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The resource is classified as Inferred Mineral Resources, which is a speculative category. Evidence · table > Inferred Mineral Resources Context: 299,593 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/centerra-gold-s-kemess-preliminary-economic-assessment-highlights-strong-economi--e208916c-8835-43aa-a8b8-3f8cb15e386f#fact-resource-facts-52) Kemess · copper #### Identity - Project: Kemess - Commodity: copper - Region: canada\_bc - Reported Region: British Columbia - Ticker: CG #### Resource Data - Category: inferred - Tonnes: 299593000 - Grade: 0.19 - Grade Unit: % - Contained Metal: 1223000000 - Contained Unit: lbs #### Location - Loc. Confidence: high #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: The total inferred copper resource shows significant growth in contained metal, contributing substantially to the project's overall scale, despite a decrease in average grade. - Positive factor: Expanded mineral resource - Positive factor: NI 43-101 compliant resource - Positive factor: QP/CP sign-off - Positive factor: Significant contained metal growth - Negative factor: Preliminary economic assessment \(PEA\) nature - Negative factor: Reliance on inferred mineral resources - Negative factor: Grade decline compared to prior estimate Evidence · table > 0.19 Context: 299,593 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The resource is classified as Inferred Mineral Resources, which is a speculative category. Evidence · table > Inferred Mineral Resources Context: 299,593 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/centerra-gold-s-kemess-preliminary-economic-assessment-highlights-strong-economi--e208916c-8835-43aa-a8b8-3f8cb15e386f#fact-resource-facts-53) Kemess · silver #### Identity - Project: Kemess - Commodity: silver - Region: canada\_bc - Reported Region: British Columbia - Ticker: CG #### Resource Data - Category: inferred - Tonnes: 299593000 - Grade: 1.26 - Grade Unit: g/t - Contained Metal: 12146000 - Contained Unit: oz #### Location - Loc. Confidence: high #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: The total inferred silver resource contributes substantially to the project's overall scale. - Positive factor: Expanded mineral resource - Positive factor: NI 43-101 compliant resource - Positive factor: QP/CP sign-off - Negative factor: Preliminary economic assessment \(PEA\) nature - Negative factor: Reliance on inferred mineral resources Evidence · table > 1.26 Context: 299,593 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The resource is classified as Inferred Mineral Resources, which is a speculative category. Evidence · table > Inferred Mineral Resources Context: 299,593 ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.