# Centerra Gold's Kemess Preliminary Economic Assessment Highlights Strong Economics that Support the Company's Long-Term Growth Pipeline Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/centerra-gold-s-kemess-preliminary-economic-assessment-highlights-strong-economi--ce4e1c26-59b4-4021-9bb9-7f966c223c94 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, Economic study - Extracted: 2026-09-19 15:14:54 UTC Narrative sentiment: 0.70 · Bullish ## Minestarters Atlas summary Centerra Gold announced robust economics from a Preliminary Economic Assessment \(PEA\) for its Kemess gold-copper project in British Columbia, reporting an after-tax NPV 5% of $1.1 billion and an IRR of 16.4% based on long-term metal prices. The study outlines a 15-year mine life with integrated open pit and underground mining, leveraging existing infrastructure. The company also updated its mineral resource estimate, showing 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. Reasoning: The document presents a Preliminary Economic Assessment \(PEA\) for the Kemess project, showing strong economics with a $1.1 billion after-tax NPV5% and 16.4% IRR at long-term prices, increasing significantly at spot prices. The project benefits from existing infrastructure and an updated, expanded resource base. However, as a PEA, it is preliminary and relies on a substantial inferred resource component, which introduces geological and economic uncertainty. The high assumed gold price for the base case also warrants caution. - Positive factor: Robust economics with strong NPV and IRR for a PEA stage project. - Positive factor: Significant resource base with potential for further expansion. - Positive factor: Leverages existing infrastructure, reducing execution risk. - Positive factor: Integrated open pit and underground mining strategy optimizes operations. - Positive factor: Strong leverage to higher metal prices, significantly increasing project value at spot prices. - Positive factor: Project is unencumbered by gold or copper streams, allowing for greater value retention. - Positive factor: Permitting is well advanced with established First Nations relationships. - Negative factor: PEA is preliminary in nature and includes inferred mineral resources, which are speculative. - Negative factor: Inferred resources constitute a significant portion of the total resource, limiting confidence. - Negative factor: The PEA evaluates only a subset \(47%\) of the total indicated and inferred resource tonnes, indicating potential for future changes. - Negative factor: The study uses a relatively high gold price assumption \($3,000/oz\) compared to historical averages, though spot prices are higher. Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 33 ## Classification and evidence **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: A current resource fact retains the disclosed cut-off grade **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The source explicitly discloses a revised resource estimate Evidence · text > updated mineral resource ## Extracted facts Stored fact records: 30. Some facts used in scoring do not have a stored record. ## Resource Estimates (30) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/centerra-gold-s-kemess-preliminary-economic-assessment-highlights-strong-economi--ce4e1c26-59b4-4021-9bb9-7f966c223c94#fact-resource-facts-3) Kemess · gold #### Identity - Project: Kemess - Commodity: gold - Region: canada\_bc - Reported Region: British Columbia - Ticker: CG #### Resource scope - Estimate type: resource - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Christopher Richings - Resource group id: resource:871dc0e28ce07cf869d2 - Deposit or zone: Open Pit – Kemess Main - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 170513000 - Grade: 0.3 - Grade Unit: g/t - Contained Metal: 1668000 - Contained Unit: koz - Cutoff Grade: 12.01 - Cutoff Unit: $/tonne NSR #### Prior Estimate - Resource Date: 2025-12-31 - Prior Tonnes: 142570000 - Prior Grade: 0.32 - Prior Contained Metal: 1467000 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: This indicated gold resource for Kemess Main is substantial and shows growth from the previous estimate, which is positive. The NI 43-101 compliance and QP sign-off add credibility. However, the slight grade decrease and the fact that only a portion of the resource is included in the PEA are noted. - Positive factor: Significant indicated gold resource in the main open pit zone. - Positive factor: Increase in contained gold from the prior estimate, indicating resource growth. - Positive factor: Resource estimate is NI 43-101 compliant and signed off by a QP. - Negative factor: Grade has slightly decreased compared to the prior estimate. - Negative factor: The PEA only evaluates a subset of the total resource. Evidence · table > 1,668 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: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **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: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Tonnage Growth** Polarity: positive Definition: Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved. Why it applies: 170513000 against 142570000 previously **Grade Decline** Polarity: negative Definition: Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling. Why it applies: 0.3 against 0.32 previously **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: 1668000 against 1467000 previously **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/centerra-gold-s-kemess-preliminary-economic-assessment-highlights-strong-economi--ce4e1c26-59b4-4021-9bb9-7f966c223c94#fact-resource-facts-4) Kemess · copper #### Identity - Project: Kemess - Commodity: copper - Region: canada\_bc - Reported Region: British Columbia - Ticker: CG #### Resource scope - Estimate type: resource - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Christopher Richings - Resource group id: resource:871dc0e28ce07cf869d2 - Deposit or zone: Open Pit – Kemess Main - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 170513000 - Grade: 0.15 - Grade Unit: % - Contained Metal: 575000000 - Contained Unit: mlbs - Cutoff Grade: 12.01 - Cutoff Unit: $/tonne NSR #### Prior Estimate - Resource Date: 2025-12-31 - Prior Tonnes: 142570000 - Prior Grade: 0.16 - Prior Contained Metal: 503000000 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: This indicated copper resource for Kemess Main is substantial and shows growth from the previous estimate, which is positive. The NI 43-101 compliance and QP sign-off add credibility. However, the slight grade decrease and the fact that only a portion of the resource is included in the PEA are noted. - Positive factor: Significant indicated copper resource in the main open pit zone. - Positive factor: Increase in contained copper from the prior estimate, indicating resource growth. - Positive factor: Resource estimate is NI 43-101 compliant and signed off by a QP. - Negative factor: Grade has slightly decreased compared to the prior estimate. - Negative factor: The PEA only evaluates a subset of the total resource. Evidence · table > 575 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: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **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: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Tonnage Growth** Polarity: positive Definition: Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved. Why it applies: 170513000 against 142570000 previously **Grade Decline** Polarity: negative Definition: Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling. Why it applies: 0.15 against 0.16 previously **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: 575000000 against 503000000 previously **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/centerra-gold-s-kemess-preliminary-economic-assessment-highlights-strong-economi--ce4e1c26-59b4-4021-9bb9-7f966c223c94#fact-resource-facts-5) Kemess · silver #### Identity - Project: Kemess - Commodity: silver - Region: canada\_bc - Reported Region: British Columbia - Ticker: CG #### Resource scope - Estimate type: resource - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Christopher Richings - Resource group id: resource:c8589fa5b8d3367bdbd9 - Deposit or zone: Open Pit - Main Zone - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 170513000 - Grade: 1.12 - Grade Unit: g/t - Contained Metal: 6155000 - Contained Unit: koz - Cutoff Grade: 12.01 - Cutoff Unit: $/tonne NSR #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: The indicated silver resource contributes to the overall metal endowment, but its byproduct nature and the existing stream arrangement mean it has less direct impact on the company's economics. The lack of a prior estimate for silver makes it difficult to assess growth. - Positive factor: Indicated silver resource adds to the polymetallic nature of the deposit. - Positive factor: Resource estimate is NI 43-101 compliant and signed off by a QP. - Negative factor: No prior estimate for silver is provided, making comparison difficult. - Negative factor: Silver is a byproduct and subject to a stream arrangement, reducing its direct economic impact for the company. Evidence · table > 6,155 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: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **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: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/centerra-gold-s-kemess-preliminary-economic-assessment-highlights-strong-economi--ce4e1c26-59b4-4021-9bb9-7f966c223c94#fact-resource-facts-6) Kemess · gold #### Identity - Project: Kemess - Commodity: gold - Region: canada\_bc - Reported Region: British Columbia - Ticker: CG #### Resource scope - Estimate type: resource - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Christopher Richings - Resource group id: resource:6a7374211916aa5aa93d - Deposit or zone: Open Pit – Kemess South - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 13204000 - Grade: 0.37 - Grade Unit: g/t - Contained Metal: 158000 - Contained Unit: koz - Cutoff Grade: 9.98 - Cutoff Unit: $/tonne NSR #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: The addition of an indicated gold resource at Kemess South is a positive development, contributing to the project's scale. Its novelty is high as it's a new entry in the indicated category. Credibility is supported by NI 43-101 compliance and QP sign-off. - Positive factor: New indicated gold resource from Kemess South, adding to the overall resource base. - Positive factor: Resource estimate is NI 43-101 compliant and signed off by a QP. - Negative factor: The PEA only evaluates a subset of the total resource, and it's unclear if this zone is included in the current PEA mine plan. Evidence · table > 158 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: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **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: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/centerra-gold-s-kemess-preliminary-economic-assessment-highlights-strong-economi--ce4e1c26-59b4-4021-9bb9-7f966c223c94#fact-resource-facts-7) Kemess · copper #### Identity - Project: Kemess - Commodity: copper - Region: canada\_bc - Reported Region: British Columbia - Ticker: CG #### Resource scope - Estimate type: resource - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Christopher Richings - Resource group id: resource:6a7374211916aa5aa93d - Deposit or zone: Open Pit – Kemess South - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 13204000 - Grade: 0.13 - Grade Unit: % - Contained Metal: 38000000 - Contained Unit: mlbs - Cutoff Grade: 9.98 - Cutoff Unit: $/tonne NSR #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: The addition of an indicated copper resource at Kemess South is a positive development, contributing to the project's scale. Its novelty is high as it's a new entry in the indicated category. Credibility is supported by NI 43-101 compliance and QP sign-off. - Positive factor: New indicated copper resource from Kemess South, adding to the overall resource base. - Positive factor: Resource estimate is NI 43-101 compliant and signed off by a QP. - Negative factor: The PEA only evaluates a subset of the total resource, and it's unclear if this zone is included in the current PEA mine plan. Evidence · table > 38 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: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **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: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/centerra-gold-s-kemess-preliminary-economic-assessment-highlights-strong-economi--ce4e1c26-59b4-4021-9bb9-7f966c223c94#fact-resource-facts-8) Kemess · silver #### Identity - Project: Kemess - Commodity: silver - Region: canada\_bc - Reported Region: British Columbia - Ticker: CG #### Resource scope - Estimate type: resource - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Christopher Richings - Resource group id: resource:4fe9a30c91f9a5c9f022 - Deposit or zone: Open Pit - Kemess South - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 13204000 - Grade: 0.68 - Grade Unit: g/t - Contained Metal: 289000 - Contained Unit: koz - Cutoff Grade: 9.98 - Cutoff Unit: $/tonne NSR #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: The addition of an indicated silver resource at Kemess South is a positive development, contributing to the project's scale. Its novelty is high as it's a new entry in the indicated category. Credibility is supported by NI 43-101 compliance and QP sign-off. - Positive factor: New indicated silver resource from Kemess South, adding to the overall resource base. - Positive factor: Resource estimate is NI 43-101 compliant and signed off by a QP. - Negative factor: No prior estimate for silver is provided, making comparison difficult. - Negative factor: Silver is a byproduct and subject to a stream arrangement, reducing its direct economic impact for the company. Evidence · table > 289 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: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **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: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/centerra-gold-s-kemess-preliminary-economic-assessment-highlights-strong-economi--ce4e1c26-59b4-4021-9bb9-7f966c223c94#fact-resource-facts-9) Kemess · gold #### Identity - Project: Kemess - Commodity: gold - Region: canada\_bc - Reported Region: British Columbia - Ticker: CG #### Resource scope - Estimate type: resource - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Christopher Richings - Resource group id: resource:360d334b96a73080a69f - Deposit or zone: Underground - Kemess UG - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 33223000 - Grade: 0.82 - Grade Unit: g/t - Contained Metal: 877000 - Contained Unit: koz - Cutoff Grade: 40.68 - Cutoff Unit: $/tonne NSR #### Prior Estimate - Resource Date: 2025-12-31 - Prior Tonnes: 25347000 - Prior Grade: 0.91 - Prior Contained Metal: 745000 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: The indicated gold resource for Kemess UG is substantial and shows growth in contained metal, which is positive. The NI 43-101 compliance and QP sign-off add credibility. However, the grade decrease is a minor negative. - Positive factor: Significant indicated gold resource for the underground zone, showing growth in contained metal. - Positive factor: Resource estimate is NI 43-101 compliant and signed off by a QP. - Positive factor: This zone is included in the PEA mine plan. - Negative factor: Grade has decreased compared to the prior estimate. Evidence · table > 877 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: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **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: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Tonnage Growth** Polarity: positive Definition: Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved. Why it applies: 33223000 against 25347000 previously **Grade Decline** Polarity: negative Definition: Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling. Why it applies: 0.82 against 0.91 previously **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: 877000 against 745000 previously **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/centerra-gold-s-kemess-preliminary-economic-assessment-highlights-strong-economi--ce4e1c26-59b4-4021-9bb9-7f966c223c94#fact-resource-facts-10) Kemess · copper #### Identity - Project: Kemess - Commodity: copper - Region: canada\_bc - Reported Region: British Columbia - Ticker: CG #### Resource scope - Estimate type: resource - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Christopher Richings - Resource group id: resource:360d334b96a73080a69f - Deposit or zone: Underground - Kemess UG - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 33223000 - Grade: 0.36 - Grade Unit: % - Contained Metal: 265000000 - Contained Unit: mlbs - Cutoff Grade: 40.68 - Cutoff Unit: $/tonne NSR #### Prior Estimate - Resource Date: 2025-12-31 - Prior Tonnes: 25347000 - Prior Grade: 0.39 - Prior Contained Metal: 217000000 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: The indicated copper resource for Kemess UG is substantial and shows growth in contained metal, which is positive. The NI 43-101 compliance and QP sign-off add credibility. However, the grade decrease is a minor negative. - Positive factor: Significant indicated copper resource for the underground zone, showing growth in contained metal. - Positive factor: Resource estimate is NI 43-101 compliant and signed off by a QP. - Positive factor: This zone is included in the PEA mine plan. - Negative factor: Grade has decreased compared to the prior estimate. Evidence · table > 265 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: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **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: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Tonnage Growth** Polarity: positive Definition: Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved. Why it applies: 33223000 against 25347000 previously **Grade Decline** Polarity: negative Definition: Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling. Why it applies: 0.36 against 0.39 previously **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: 265000000 against 217000000 previously **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/centerra-gold-s-kemess-preliminary-economic-assessment-highlights-strong-economi--ce4e1c26-59b4-4021-9bb9-7f966c223c94#fact-resource-facts-11) Kemess · silver #### Identity - Project: Kemess - Commodity: silver - Region: canada\_bc - Reported Region: British Columbia - Ticker: CG #### Resource scope - Estimate type: resource - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Christopher Richings - Resource group id: resource:360d334b96a73080a69f - Deposit or zone: Underground - Kemess UG - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 33223000 - Grade: 2.48 - Grade Unit: g/t - Contained Metal: 2652000 - Contained Unit: koz - Cutoff Grade: 40.68 - Cutoff Unit: $/tonne NSR #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: The indicated silver resource contributes to the overall metal endowment, but its byproduct nature and the existing stream arrangement mean it has less direct impact on the company's economics. The lack of a prior estimate for silver makes it difficult to assess growth. - Positive factor: Indicated silver resource for the underground zone, adding to the polymetallic nature of the deposit. - Positive factor: Resource estimate is NI 43-101 compliant and signed off by a QP. - Negative factor: No prior estimate for silver is provided, making comparison difficult. - Negative factor: Silver is a byproduct and subject to a stream arrangement, reducing its direct economic impact for the company. Evidence · table > 2,652 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: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **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: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/centerra-gold-s-kemess-preliminary-economic-assessment-highlights-strong-economi--ce4e1c26-59b4-4021-9bb9-7f966c223c94#fact-resource-facts-12) Kemess · gold #### Identity - Project: Kemess - Commodity: gold - Region: canada\_bc - Reported Region: British Columbia - Ticker: CG #### Resource scope - Estimate type: resource - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Christopher Richings - Resource group id: resource:d08cb12e94ed1221cdcc - Deposit or zone: Underground - Kemess East - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 27491000 - Grade: 0.64 - Grade Unit: g/t - Contained Metal: 565000 - Contained Unit: koz - Cutoff Grade: 40.68 - Cutoff Unit: $/tonne NSR #### Prior Estimate - Resource Date: 2025-12-31 - Prior Tonnes: 25074000 - Prior Grade: 0.66 - Prior Contained Metal: 531000 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: The indicated gold resource for Kemess East shows growth in contained metal, which is positive. The NI 43-101 compliance and QP sign-off add credibility. However, the slight grade decrease and its exclusion from the current PEA mine plan are noted. - Positive factor: Indicated gold resource for the Kemess East underground zone, showing growth in contained metal. - Positive factor: Resource estimate is NI 43-101 compliant and signed off by a QP. - Negative factor: Grade has slightly decreased compared to the prior estimate. - Negative factor: This zone is not explicitly stated to be part of the current PEA mine plan. Evidence · table > 565 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: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **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: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes 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: 565000 against 531000 previously **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/centerra-gold-s-kemess-preliminary-economic-assessment-highlights-strong-economi--ce4e1c26-59b4-4021-9bb9-7f966c223c94#fact-resource-facts-13) Kemess · copper #### Identity - Project: Kemess - Commodity: copper - Region: canada\_bc - Reported Region: British Columbia - Ticker: CG #### Resource scope - Estimate type: resource - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Christopher Richings - Resource group id: resource:d08cb12e94ed1221cdcc - Deposit or zone: Underground - Kemess East - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 27491000 - Grade: 0.44 - Grade Unit: % - Contained Metal: 268000000 - Contained Unit: mlbs - Cutoff Grade: 40.68 - Cutoff Unit: $/tonne NSR #### Prior Estimate - Resource Date: 2025-12-31 - Prior Tonnes: 25074000 - Prior Grade: 0.45 - Prior Contained Metal: 251000000 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: The indicated copper resource for Kemess East shows growth in contained metal, which is positive. The NI 43-101 compliance and QP sign-off add credibility. However, the slight grade decrease and its exclusion from the current PEA mine plan are noted. - Positive factor: Indicated copper resource for the Kemess East underground zone, showing growth in contained metal. - Positive factor: Resource estimate is NI 43-101 compliant and signed off by a QP. - Negative factor: Grade has slightly decreased compared to the prior estimate. - Negative factor: This zone is not explicitly stated to be part of the current PEA mine plan. Evidence · table > 268 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: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **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: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes 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: 268000000 against 251000000 previously **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/centerra-gold-s-kemess-preliminary-economic-assessment-highlights-strong-economi--ce4e1c26-59b4-4021-9bb9-7f966c223c94#fact-resource-facts-14) Kemess · silver #### Identity - Project: Kemess - Commodity: silver - Region: canada\_bc - Reported Region: British Columbia - Ticker: CG #### Resource scope - Estimate type: resource - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Christopher Richings - Resource group id: resource:d08cb12e94ed1221cdcc - Deposit or zone: Underground - Kemess East - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 27491000 - Grade: 1.91 - Grade Unit: g/t - Contained Metal: 1684000 - Contained Unit: koz - Cutoff Grade: 40.68 - Cutoff Unit: $/tonne NSR #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: The indicated silver resource contributes to the overall metal endowment, but its byproduct nature and the existing stream arrangement mean it has less direct impact on the company's economics. The lack of a prior estimate for silver makes it difficult to assess growth. - Positive factor: Indicated silver resource for the Kemess East underground zone, adding to the polymetallic nature of the deposit. - Positive factor: Resource estimate is NI 43-101 compliant and signed off by a QP. - Negative factor: No prior estimate for silver is provided, making comparison difficult. - Negative factor: Silver is a byproduct and subject to a stream arrangement, reducing its direct economic impact for the company. Evidence · table > 1,684 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: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **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: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/centerra-gold-s-kemess-preliminary-economic-assessment-highlights-strong-economi--ce4e1c26-59b4-4021-9bb9-7f966c223c94#fact-resource-facts-15) Kemess · gold #### Identity - Project: Kemess - Commodity: gold - Region: canada\_bc - Reported Region: British Columbia - Ticker: CG #### Resource scope - Estimate type: resource - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Christopher Richings - Resource group id: resource:aba0d971d18d2b763d7e - Deposit or zone: Total Indicated - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 244431000 - Grade: 0.42 - Grade Unit: g/t - Contained Metal: 3269000 - Contained Unit: koz #### Prior Estimate - Resource Date: 2025-12-31 - Prior Tonnes: 192990000 - Prior Grade: 0.44 - Prior Contained Metal: 2742000 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: The total indicated gold resource is substantial and has grown significantly in contained metal, which is a strong positive. The NI 43-101 compliance and QP sign-off add credibility. However, the slight grade decrease and the partial inclusion in the PEA are noted. - Positive factor: Significant total indicated gold resource, showing substantial growth in contained metal from the prior estimate. - Positive factor: Resource estimate is NI 43-101 compliant and signed off by a QP. - Negative factor: Overall indicated grade has slightly decreased. - Negative factor: Only a subset of this total resource is included in the current PEA mine plan. Evidence · table > 3,269 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: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Tonnage Growth** Polarity: positive Definition: Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved. Why it applies: 244431000 against 192990000 previously **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: 3269000 against 2742000 previously **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/centerra-gold-s-kemess-preliminary-economic-assessment-highlights-strong-economi--ce4e1c26-59b4-4021-9bb9-7f966c223c94#fact-resource-facts-16) Kemess · copper #### Identity - Project: Kemess - Commodity: copper - Region: canada\_bc - Reported Region: British Columbia - Ticker: CG #### Resource scope - Estimate type: resource - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Christopher Richings - Resource group id: resource:aba0d971d18d2b763d7e - Deposit or zone: Total Indicated - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 244431000 - Grade: 0.21 - Grade Unit: % - Contained Metal: 1146000000 - Contained Unit: mlbs #### Prior Estimate - Resource Date: 2025-12-31 - Prior Tonnes: 192990000 - Prior Grade: 0.23 - Prior Contained Metal: 971000000 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: The total indicated copper resource is substantial and has grown significantly in contained metal, which is a strong positive. The NI 43-101 compliance and QP sign-off add credibility. However, the slight grade decrease and the partial inclusion in the PEA are noted. - Positive factor: Significant total indicated copper resource, showing substantial growth in contained metal from the prior estimate. - Positive factor: Resource estimate is NI 43-101 compliant and signed off by a QP. - Negative factor: Overall indicated grade has slightly decreased. - Negative factor: Only a subset of this total resource is included in the current PEA mine plan. Evidence · table > 1,146 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: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Tonnage Growth** Polarity: positive Definition: Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved. Why it applies: 244431000 against 192990000 previously **Grade Decline** Polarity: negative Definition: Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling. Why it applies: 0.21 against 0.23 previously **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: 1146000000 against 971000000 previously **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/centerra-gold-s-kemess-preliminary-economic-assessment-highlights-strong-economi--ce4e1c26-59b4-4021-9bb9-7f966c223c94#fact-resource-facts-17) Kemess · silver #### Identity - Project: Kemess - Commodity: silver - Region: canada\_bc - Reported Region: British Columbia - Ticker: CG #### Resource scope - Estimate type: resource - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Christopher Richings - Resource group id: resource:aba0d971d18d2b763d7e - Deposit or zone: Total Indicated - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 244431000 - Grade: 1.37 - Grade Unit: g/t - Contained Metal: 10780000 - Contained Unit: koz #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: The total indicated silver resource contributes to the overall metal endowment, but its byproduct nature and the existing stream arrangement mean it has less direct impact on the company's economics. The lack of a prior estimate for silver makes it difficult to assess growth. - Positive factor: Significant total indicated silver resource, adding to the polymetallic nature of the deposit. - Positive factor: Resource estimate is NI 43-101 compliant and signed off by a QP. - Negative factor: No prior estimate for silver is provided, making comparison difficult. - Negative factor: Silver is a byproduct and subject to a stream arrangement, reducing its direct economic impact for the company. Evidence · table > 10,780 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: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/centerra-gold-s-kemess-preliminary-economic-assessment-highlights-strong-economi--ce4e1c26-59b4-4021-9bb9-7f966c223c94#fact-resource-facts-18) Kemess · gold #### Identity - Project: Kemess - Commodity: gold - Region: canada\_bc - Reported Region: British Columbia - Ticker: CG #### Resource scope - Estimate type: resource - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Christopher Richings - Resource group id: resource:d00f585f5cb51e8196a2 - Deposit or zone: Open Pit – Kemess Main - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 237050000 - Grade: 0.3 - Grade Unit: g/t - Contained Metal: 2299000 - Contained Unit: koz - Cutoff Grade: 12.01 - Cutoff Unit: $/tonne NSR #### Prior Estimate - Resource Date: 2025-12-31 - Prior Tonnes: 124428000 - Prior Grade: 0.31 - Prior Contained Metal: 1232000 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: The inferred gold resource for Kemess Main shows significant growth, which is positive for future potential. However, its inferred classification means it's speculative and contributes to the overall uncertainty of the PEA economics. The slight grade decrease is also noted. - Positive factor: Significant inferred gold resource, showing substantial growth in contained metal from the prior estimate. - Positive factor: Resource estimate is NI 43-101 compliant and signed off by a QP. - Negative factor: Inferred resources are speculative and cannot be categorized as mineral reserves. - Negative factor: Grade has slightly decreased compared to the prior estimate. - Negative factor: The PEA includes inferred resources, which introduces uncertainty. Evidence · table > 2,299 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: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **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: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Tonnage Growth** Polarity: positive Definition: Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved. Why it applies: 237050000 against 124428000 previously **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: 2299000 against 1232000 previously **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/centerra-gold-s-kemess-preliminary-economic-assessment-highlights-strong-economi--ce4e1c26-59b4-4021-9bb9-7f966c223c94#fact-resource-facts-19) Kemess · copper #### Identity - Project: Kemess - Commodity: copper - Region: canada\_bc - Reported Region: British Columbia - Ticker: CG #### Resource scope - Estimate type: resource - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Christopher Richings - Resource group id: resource:d00f585f5cb51e8196a2 - Deposit or zone: Open Pit – Kemess Main - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 237050000 - Grade: 0.13 - Grade Unit: % - Contained Metal: 682000000 - Contained Unit: mlbs - Cutoff Grade: 12.01 - Cutoff Unit: $/tonne NSR #### Prior Estimate - Resource Date: 2025-12-31 - Prior Tonnes: 124428000 - Prior Grade: 0.14 - Prior Contained Metal: 395000000 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: The inferred copper resource for Kemess Main shows significant growth, which is positive for future potential. However, its inferred classification means it's speculative and contributes to the overall uncertainty of the PEA economics. The slight grade decrease is also noted. - Positive factor: Significant inferred copper resource, showing substantial growth in contained metal from the prior estimate. - Positive factor: Resource estimate is NI 43-101 compliant and signed off by a QP. - Negative factor: Inferred resources are speculative and cannot be categorized as mineral reserves. - Negative factor: Grade has slightly decreased compared to the prior estimate. - Negative factor: The PEA includes inferred resources, which introduces uncertainty. Evidence · table > 682 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: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **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: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Tonnage Growth** Polarity: positive Definition: Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved. Why it applies: 237050000 against 124428000 previously **Grade Decline** Polarity: negative Definition: Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling. Why it applies: 0.13 against 0.14 previously **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: 682000000 against 395000000 previously **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/centerra-gold-s-kemess-preliminary-economic-assessment-highlights-strong-economi--ce4e1c26-59b4-4021-9bb9-7f966c223c94#fact-resource-facts-20) Kemess · silver #### Identity - Project: Kemess - Commodity: silver - Region: canada\_bc - Reported Region: British Columbia - Ticker: CG #### Resource scope - Estimate type: resource - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Christopher Richings - Resource group id: resource:962f933fb8fc083c5410 - Deposit or zone: Open Pit - Main Zone - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 237050000 - Grade: 1.06 - Grade Unit: g/t - Contained Metal: 8108000 - Contained Unit: koz - Cutoff Grade: 12.01 - Cutoff Unit: $/tonne NSR #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: The inferred silver resource contributes to the overall metal endowment, but its inferred classification and byproduct nature mean it has less direct impact on the company's economics. The lack of a prior estimate for silver makes it difficult to assess growth. - Positive factor: Significant inferred silver resource, adding to the polymetallic nature of the deposit. - Positive factor: Resource estimate is NI 43-101 compliant and signed off by a QP. - Negative factor: Inferred resources are speculative and cannot be categorized as mineral reserves. - Negative factor: No prior estimate for silver is provided, making comparison difficult. - Negative factor: Silver is a byproduct and subject to a stream arrangement, reducing its direct economic impact for the company. Evidence · table > 8,108 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: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **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: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/centerra-gold-s-kemess-preliminary-economic-assessment-highlights-strong-economi--ce4e1c26-59b4-4021-9bb9-7f966c223c94#fact-resource-facts-21) Kemess · gold #### Identity - Project: Kemess - Commodity: gold - Region: canada\_bc - Reported Region: British Columbia - Ticker: CG #### Resource scope - Estimate type: resource - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Christopher Richings - Resource group id: resource:6a3488db1e6c81872b4a - Deposit or zone: Open Pit – Kemess South - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 198000 - Grade: 0.34 - Grade Unit: g/t - Contained Metal: 2000 - Contained Unit: koz - Cutoff Grade: 9.98 - Cutoff Unit: $/tonne NSR #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: The addition of a small inferred gold resource at Kemess South is a new development, but its speculative nature and small size limit its immediate impact. Credibility is supported by NI 43-101 compliance and QP sign-off. - Positive factor: New inferred gold resource from Kemess South, adding to the overall resource base. - Positive factor: Resource estimate is NI 43-101 compliant and signed off by a QP. - Negative factor: Inferred resources are speculative and cannot be categorized as mineral reserves. - Negative factor: The resource is relatively small. - Negative factor: The PEA only evaluates a subset of the total resource, and it's unclear if this zone is included in the current PEA mine plan. Evidence · table > 2 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: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **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: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/centerra-gold-s-kemess-preliminary-economic-assessment-highlights-strong-economi--ce4e1c26-59b4-4021-9bb9-7f966c223c94#fact-resource-facts-22) Kemess · copper #### Identity - Project: Kemess - Commodity: copper - Region: canada\_bc - Reported Region: British Columbia - Ticker: CG #### Resource scope - Estimate type: resource - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Christopher Richings - Resource group id: resource:6a3488db1e6c81872b4a - Deposit or zone: Open Pit – Kemess South - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 198000 - Grade: 0.08 - Grade Unit: % - Contained Metal: 400000 - Contained Unit: mlbs - Cutoff Grade: 9.98 - Cutoff Unit: $/tonne NSR #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: The addition of a small inferred copper resource at Kemess South is a new development, but its speculative nature and small size limit its immediate impact. Credibility is supported by NI 43-101 compliance and QP sign-off. - Positive factor: New inferred copper resource from Kemess South, adding to the overall resource base. - Positive factor: Resource estimate is NI 43-101 compliant and signed off by a QP. - Negative factor: Inferred resources are speculative and cannot be categorized as mineral reserves. - Negative factor: The resource is relatively small. - Negative factor: The PEA only evaluates a subset of the total resource, and it's unclear if this zone is included in the current PEA mine plan. Evidence · table > 0.4 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: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **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: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/centerra-gold-s-kemess-preliminary-economic-assessment-highlights-strong-economi--ce4e1c26-59b4-4021-9bb9-7f966c223c94#fact-resource-facts-23) Kemess · silver #### Identity - Project: Kemess - Commodity: silver - Region: canada\_bc - Reported Region: British Columbia - Ticker: CG #### Resource scope - Estimate type: resource - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Christopher Richings - Resource group id: resource:5d8e318c138cb61b3396 - Deposit or zone: Open Pit - Kemess South - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 198000 - Grade: 0.42 - Grade Unit: g/t - Contained Metal: 3000 - Contained Unit: koz - Cutoff Grade: 9.98 - Cutoff Unit: $/tonne NSR #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: The addition of a small inferred silver resource at Kemess South is a new development, but its speculative nature and small size limit its immediate impact. Credibility is supported by NI 43-101 compliance and QP sign-off. - Positive factor: New inferred silver resource from Kemess South, adding to the overall resource base. - Positive factor: Resource estimate is NI 43-101 compliant and signed off by a QP. - Negative factor: Inferred resources are speculative and cannot be categorized as mineral reserves. - Negative factor: The resource is relatively small. - Negative factor: No prior estimate for silver is provided, making comparison difficult. - Negative factor: Silver is a byproduct and subject to a stream arrangement, reducing its direct economic impact for the company. Evidence · table > 3 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: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **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: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/centerra-gold-s-kemess-preliminary-economic-assessment-highlights-strong-economi--ce4e1c26-59b4-4021-9bb9-7f966c223c94#fact-resource-facts-24) Kemess · gold #### Identity - Project: Kemess - Commodity: gold - Region: canada\_bc - Reported Region: British Columbia - Ticker: CG #### Resource scope - Estimate type: resource - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Christopher Richings - Resource group id: resource:6e03c6c3c18da4f918d1 - Deposit or zone: Underground - Kemess UG - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 20094000 - Grade: 0.74 - Grade Unit: g/t - Contained Metal: 481000 - Contained Unit: koz - Cutoff Grade: 40.68 - Cutoff Unit: $/tonne NSR #### Prior Estimate - Resource Date: 2025-12-31 - Prior Tonnes: 10821000 - Prior Grade: 0.96 - Prior Contained Metal: 335000 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: The inferred gold resource for Kemess UG shows significant growth in contained metal, which is positive for future potential. However, its inferred classification and the notable grade decrease mean it's speculative and contributes to the overall uncertainty of the PEA economics. - Positive factor: Significant inferred gold resource for the underground zone, showing substantial growth in contained metal from the prior estimate. - Positive factor: Resource estimate is NI 43-101 compliant and signed off by a QP. - Negative factor: Inferred resources are speculative and cannot be categorized as mineral reserves. - Negative factor: Grade has decreased significantly compared to the prior estimate. - Negative factor: The PEA includes inferred resources, which introduces uncertainty. Evidence · table > 481 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: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **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: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Tonnage Growth** Polarity: positive Definition: Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved. Why it applies: 20094000 against 10821000 previously **Grade Decline** Polarity: negative Definition: Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling. Why it applies: 0.74 against 0.96 previously **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: 481000 against 335000 previously **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/centerra-gold-s-kemess-preliminary-economic-assessment-highlights-strong-economi--ce4e1c26-59b4-4021-9bb9-7f966c223c94#fact-resource-facts-25) Kemess · copper #### Identity - Project: Kemess - Commodity: copper - Region: canada\_bc - Reported Region: British Columbia - Ticker: CG #### Resource scope - Estimate type: resource - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Christopher Richings - Resource group id: resource:6e03c6c3c18da4f918d1 - Deposit or zone: Underground - Kemess UG - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 20094000 - Grade: 0.33 - Grade Unit: % - Contained Metal: 148000000 - Contained Unit: mlbs - Cutoff Grade: 40.68 - Cutoff Unit: $/tonne NSR #### Prior Estimate - Resource Date: 2025-12-31 - Prior Tonnes: 10821000 - Prior Grade: 0.4 - Prior Contained Metal: 95000000 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: The inferred copper resource for Kemess UG shows significant growth in contained metal, which is positive for future potential. However, its inferred classification and the notable grade decrease mean it's speculative and contributes to the overall uncertainty of the PEA economics. - Positive factor: Significant inferred copper resource for the underground zone, showing substantial growth in contained metal from the prior estimate. - Positive factor: Resource estimate is NI 43-101 compliant and signed off by a QP. - Negative factor: Inferred resources are speculative and cannot be categorized as mineral reserves. - Negative factor: Grade has decreased significantly compared to the prior estimate. - Negative factor: The PEA includes inferred resources, which introduces uncertainty. Evidence · table > 148 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: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **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: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Tonnage Growth** Polarity: positive Definition: Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved. Why it applies: 20094000 against 10821000 previously **Grade Decline** Polarity: negative Definition: Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling. Why it applies: 0.33 against 0.4 previously **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: 148000000 against 95000000 previously **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/centerra-gold-s-kemess-preliminary-economic-assessment-highlights-strong-economi--ce4e1c26-59b4-4021-9bb9-7f966c223c94#fact-resource-facts-26) Kemess · silver #### Identity - Project: Kemess - Commodity: silver - Region: canada\_bc - Reported Region: British Columbia - Ticker: CG #### Resource scope - Estimate type: resource - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Christopher Richings - Resource group id: resource:6e03c6c3c18da4f918d1 - Deposit or zone: Underground - Kemess UG - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 20094000 - Grade: 2.22 - Grade Unit: g/t - Contained Metal: 1433000 - Contained Unit: koz - Cutoff Grade: 40.68 - Cutoff Unit: $/tonne NSR #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: The inferred silver resource contributes to the overall metal endowment, but its inferred classification and byproduct nature mean it has less direct impact on the company's economics. The lack of a prior estimate for silver makes it difficult to assess growth. - Positive factor: Inferred silver resource for the underground zone, adding to the polymetallic nature of the deposit. - Positive factor: Resource estimate is NI 43-101 compliant and signed off by a QP. - Negative factor: Inferred resources are speculative and cannot be categorized as mineral reserves. - Negative factor: No prior estimate for silver is provided, making comparison difficult. - Negative factor: Silver is a byproduct and subject to a stream arrangement, reducing its direct economic impact for the company. Evidence · table > 1,433 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: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **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: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/centerra-gold-s-kemess-preliminary-economic-assessment-highlights-strong-economi--ce4e1c26-59b4-4021-9bb9-7f966c223c94#fact-resource-facts-27) Kemess · gold #### Identity - Project: Kemess - Commodity: gold - Region: canada\_bc - Reported Region: British Columbia - Ticker: CG #### Resource scope - Estimate type: resource - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Christopher Richings - Resource group id: resource:500d2b3b625a755c87e3 - Deposit or zone: Underground - Kemess East - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 42252000 - Grade: 0.57 - Grade Unit: g/t - Contained Metal: 772000 - Contained Unit: koz - Cutoff Grade: 40.68 - Cutoff Unit: $/tonne NSR #### Prior Estimate - Resource Date: 2025-12-31 - Prior Tonnes: 34010000 - Prior Grade: 0.6 - Prior Contained Metal: 661000 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: The inferred gold resource for Kemess East shows growth in contained metal, which is positive for future potential. However, its inferred classification and the slight grade decrease mean it's speculative and contributes to the overall uncertainty. Its exclusion from the current PEA mine plan is also noted. - Positive factor: Significant inferred gold resource for the Kemess East underground zone, showing growth in contained metal from the prior estimate. - Positive factor: Resource estimate is NI 43-101 compliant and signed off by a QP. - Negative factor: Inferred resources are speculative and cannot be categorized as mineral reserves. - Negative factor: Grade has slightly decreased compared to the prior estimate. - Negative factor: This zone is not explicitly stated to be part of the current PEA mine plan. Evidence · table > 772 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: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **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: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Tonnage Growth** Polarity: positive Definition: Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved. Why it applies: 42252000 against 34010000 previously **Grade Decline** Polarity: negative Definition: Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling. Why it applies: 0.57 against 0.6 previously **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: 772000 against 661000 previously **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/centerra-gold-s-kemess-preliminary-economic-assessment-highlights-strong-economi--ce4e1c26-59b4-4021-9bb9-7f966c223c94#fact-resource-facts-28) Kemess · copper #### Identity - Project: Kemess - Commodity: copper - Region: canada\_bc - Reported Region: British Columbia - Ticker: CG #### Resource scope - Estimate type: resource - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Christopher Richings - Resource group id: resource:500d2b3b625a755c87e3 - Deposit or zone: Underground - Kemess East - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 42252000 - Grade: 0.42 - Grade Unit: % - Contained Metal: 393000000 - Contained Unit: mlbs - Cutoff Grade: 40.68 - Cutoff Unit: $/tonne NSR #### Prior Estimate - Resource Date: 2025-12-31 - Prior Tonnes: 34010000 - Prior Grade: 0.44 - Prior Contained Metal: 331000000 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: The inferred copper resource for Kemess East shows growth in contained metal, which is positive for future potential. However, its inferred classification and the slight grade decrease mean it's speculative and contributes to the overall uncertainty. Its exclusion from the current PEA mine plan is also noted. - Positive factor: Significant inferred copper resource for the Kemess East underground zone, showing growth in contained metal from the prior estimate. - Positive factor: Resource estimate is NI 43-101 compliant and signed off by a QP. - Negative factor: Inferred resources are speculative and cannot be categorized as mineral reserves. - Negative factor: Grade has slightly decreased compared to the prior estimate. - Negative factor: This zone is not explicitly stated to be part of the current PEA mine plan. Evidence · table > 393 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: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **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: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Tonnage Growth** Polarity: positive Definition: Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved. Why it applies: 42252000 against 34010000 previously **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: 393000000 against 331000000 previously **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/centerra-gold-s-kemess-preliminary-economic-assessment-highlights-strong-economi--ce4e1c26-59b4-4021-9bb9-7f966c223c94#fact-resource-facts-29) Kemess · silver #### Identity - Project: Kemess - Commodity: silver - Region: canada\_bc - Reported Region: British Columbia - Ticker: CG #### Resource scope - Estimate type: resource - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Christopher Richings - Resource group id: resource:500d2b3b625a755c87e3 - Deposit or zone: Underground - Kemess East - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 42252000 - Grade: 1.92 - Grade Unit: g/t - Contained Metal: 2602000 - Contained Unit: koz - Cutoff Grade: 40.68 - Cutoff Unit: $/tonne NSR #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: The inferred silver resource contributes to the overall metal endowment, but its inferred classification and byproduct nature mean it has less direct impact on the company's economics. The lack of a prior estimate for silver makes it difficult to assess growth. - Positive factor: Inferred silver resource for the underground zone, adding to the polymetallic nature of the deposit. - Positive factor: Resource estimate is NI 43-101 compliant and signed off by a QP. - Negative factor: Inferred resources are speculative and cannot be categorized as mineral reserves. - Negative factor: No prior estimate for silver is provided, making comparison difficult. - Negative factor: Silver is a byproduct and subject to a stream arrangement, reducing its direct economic impact for the company. Evidence · table > 2,602 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: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **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: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/centerra-gold-s-kemess-preliminary-economic-assessment-highlights-strong-economi--ce4e1c26-59b4-4021-9bb9-7f966c223c94#fact-resource-facts-30) Kemess · gold #### Identity - Project: Kemess - Commodity: gold - Region: canada\_bc - Reported Region: British Columbia - Ticker: CG #### Resource scope - Estimate type: resource - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Christopher Richings - Resource group id: resource:a7940da68198d233c792 - Deposit or zone: Total Inferred - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 299593000 - Grade: 0.37 - Grade Unit: g/t - Contained Metal: 3555000 - Contained Unit: koz #### Prior Estimate - Resource Date: 2025-12-31 - Prior Tonnes: 169260000 - Prior Grade: 0.41 - Prior Contained Metal: 2228000 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: The total inferred gold resource is substantial and has grown significantly in contained metal, which is positive for future potential. However, its inferred classification and the overall grade decrease mean it's speculative and contributes to the overall uncertainty of the PEA economics. - Positive factor: Significant total inferred gold resource, showing substantial growth in contained metal from the prior estimate. - Positive factor: Resource estimate is NI 43-101 compliant and signed off by a QP. - Negative factor: Inferred resources are speculative and cannot be categorized as mineral reserves. - Negative factor: Overall inferred grade has decreased. - Negative factor: The PEA includes inferred resources, which introduces uncertainty. Evidence · table > 3,555 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: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Tonnage Growth** Polarity: positive Definition: Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved. Why it applies: 299593000 against 169260000 previously **Grade Decline** Polarity: negative Definition: Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling. Why it applies: 0.37 against 0.41 previously **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: 3555000 against 2228000 previously **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/centerra-gold-s-kemess-preliminary-economic-assessment-highlights-strong-economi--ce4e1c26-59b4-4021-9bb9-7f966c223c94#fact-resource-facts-31) Kemess · copper #### Identity - Project: Kemess - Commodity: copper - Region: canada\_bc - Reported Region: British Columbia - Ticker: CG #### Resource scope - Estimate type: resource - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Christopher Richings - Resource group id: resource:a7940da68198d233c792 - Deposit or zone: Total Inferred - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 299593000 - Grade: 0.19 - Grade Unit: % - Contained Metal: 1223000000 - Contained Unit: mlbs #### Prior Estimate - Resource Date: 2025-12-31 - Prior Tonnes: 169260000 - Prior Grade: 0.22 - Prior Contained Metal: 821000000 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: The total inferred copper resource is substantial and has grown significantly in contained metal, which is positive for future potential. However, its inferred classification and the overall grade decrease mean it's speculative and contributes to the overall uncertainty of the PEA economics. - Positive factor: Significant total inferred copper resource, showing substantial growth in contained metal from the prior estimate. - Positive factor: Resource estimate is NI 43-101 compliant and signed off by a QP. - Negative factor: Inferred resources are speculative and cannot be categorized as mineral reserves. - Negative factor: Overall inferred grade has decreased. - Negative factor: The PEA includes inferred resources, which introduces uncertainty. Evidence · table > 1,223 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: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Tonnage Growth** Polarity: positive Definition: Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved. Why it applies: 299593000 against 169260000 previously **Grade Decline** Polarity: negative Definition: Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling. Why it applies: 0.19 against 0.22 previously **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: 1223000000 against 821000000 previously **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/centerra-gold-s-kemess-preliminary-economic-assessment-highlights-strong-economi--ce4e1c26-59b4-4021-9bb9-7f966c223c94#fact-resource-facts-32) Kemess · silver #### Identity - Project: Kemess - Commodity: silver - Region: canada\_bc - Reported Region: British Columbia - Ticker: CG #### Resource scope - Estimate type: resource - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Christopher Richings - Resource group id: resource:a7940da68198d233c792 - Deposit or zone: Total Inferred - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 299593000 - Grade: 1.26 - Grade Unit: g/t - Contained Metal: 12146000 - Contained Unit: koz #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: The total inferred silver resource contributes to the overall metal endowment, but its inferred classification and byproduct nature mean it has less direct impact on the company's economics. The lack of a prior estimate for silver makes it difficult to assess growth. - Positive factor: Significant total inferred silver resource, adding to the polymetallic nature of the deposit. - Positive factor: Resource estimate is NI 43-101 compliant and signed off by a QP. - Negative factor: Inferred resources are speculative and cannot be categorized as mineral reserves. - Negative factor: No prior estimate for silver is provided, making comparison difficult. - Negative factor: Silver is a byproduct and subject to a stream arrangement, reducing its direct economic impact for the company. Evidence · table > 12,146 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: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ## 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.