24/7 Market News Snapshot 06 May, 2025 – Centerra Gold Inc. (NYSE:CGAU)

May 6, 2025

DENVER, Colo., 06 May, 2025 (www.247marketnews.com) – (NYSE:CGAU) are discussed in this article.
Centerra Gold Inc. has seen its stock significantly rise, with recent trading reflecting a notable increase of approximately 10.73%, currently positioned at $7.175 after opening at $6.73. This surge comes after a close of $6.480 in the previous session, highlighting strong bullish momentum and heightened investor interest, as indicated by a trading volume of 987.91K shares. The breakout above the $6.73 resistance level suggests potential for continued gains. Investors are advised to monitor key support around $6.73 to manage risks effectively while capitalizing on this upward trend.

In a separate but equally promising development, Centerra Gold has announced major advancements in its Kemess project, releasing updated mineral resource estimates following an extensive drilling campaign in 2024, which totaled over 11,400 meters. The updated estimates reveal 2.7 million ounces of indicated gold resources and 2.2 million ounces in the inferred category, along with 971 million pounds of indicated copper resources and 821 million pounds inferred. This enhancement underscores Centerra’s dedication to maximizing the potential of one of the most promising mining projects in a favorable jurisdiction.

President and CEO Paul Tomory expressed confidence in the project’s future, emphasizing that the robust mineralization results from Kemess position the Company well to progress towards a potential gold-copper mine operation. With existing infrastructure reducing execution risks, Centerra has also increased its exploration guidance for 2025 to between $10 million and $12 million, shifting focus towards infill drilling and high-grade mineralization testing.

Looking ahead, the Company is moving towards a Preliminary Economic Assessment slated for completion by the end of 2025. This assessment will evaluate a combined open pit and underground mining concept, expected to produce an average of approximately 250,000 gold equivalent ounces annually over a projected operational lifespan of 15 years. Centerra Gold continues to advance its strategic initiatives while prioritizing responsible resource management and community engagement in the mining sector.

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