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An update from Centerra Gold ( (TSE:CG) ) is now available.
Centerra Gold announced its 2024 year-end mineral reserve and resource estimates, highlighting 3.5 million ounces of gold and 1,150 million pounds of copper in proven and probable reserves. Notably, the Mount Milligan Mine’s reserves were replenished, extending its life to 2036. The Kemess Project is under evaluation for possible restart options, leveraging existing infrastructure for a less capital-intensive operation with a promising long-life prospect. The Goldfield project, with 706 thousand ounces of initial gold resource, is not slated for immediate development but remains under strategic review. These updates suggest potential growth and stability in Centerra’s operations, possibly impacting stakeholders positively.
More about Centerra Gold
Centerra Gold Inc. is a prominent mining company primarily engaged in gold and copper extraction. It operates significant projects such as the Mount Milligan Mine and the Kemess Project, focusing on extending mine life and exploring new opportunities to enhance production. The company is headquartered in Toronto, Ontario, and is publicly traded on the TSX and NYSE.
YTD Price Performance: 9.51%
Average Trading Volume: 828,877
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.36B
See more insights into CG stock on TipRanks’ Stock Analysis page.
