Centerra Gold Unveils Positive Kemess Restart PEA with $1.09B NPV and Increased Resources
CGAU has more than doubled off its 52-week low of $5.41 on light trading volume (0.4× avg).
Summary
Centerra Gold Inc. announced a new technical report with a Preliminary Economic Assessment (PEA) for its Kemess Restart Project, revealing a $1.094 billion after-tax NPV and a significant increase in mineral resources.
Key Events · Financing and Capital Events · CGAU
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Preliminary Economic Assessment (PEA) Released
A new technical report details a PEA for the Kemess Restart Project, outlining a 15-year mine life with a combined open pit and underground operation, processing 18 million tonnes per annum (Mtpa).
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Strong Economic Projections
The PEA projects an after-tax Net Present Value (NPV) of $1.094 billion (at a 5% discount rate) and an Internal Rate of Return (IRR) of 16%, based on metal price assumptions of $3,000/oz gold, $4.50/lb copper, and $37.50/oz silver.
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Significant Resource Increase
The technical report discloses a substantial increase in mineral resources, with indicated resources rising to 244.4 million tonnes (kt) and inferred resources to 299.6 million tonnes (kt) as of December 31, 2025.
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Competitive Operating Costs
The project is expected to have an average life-of-mine (LOM) all-in sustaining cost (AISC) of $971 per gold ounce sold, with total LOM operating costs estimated at $5.213 billion.
Analysis · CGAU · Energy & Transportation
Centerra Gold Inc. has released a new technical report detailing a Preliminary Economic Assessment (PEA) for the Kemess Restart Project. The PEA outlines a robust economic outlook with a significant after-tax Net Present Value (NPV) of $1.094 billion and a competitive all-in sustaining cost (AISC) of $971 per gold ounce over a 15-year mine life. This assessment is supported by a substantial increase in both indicated and inferred mineral resources, signaling a positive step for the company's asset base. While the PEA is preliminary and based in part on inferred resources, the disclosed economics and resource growth are material for investors, indicating a potentially profitable restart of the idle mine.
At the time of this filing, CGAU was trading at $19.31 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $3.9B. The 52-week trading range was $5.41 to $21.17. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.