Centerra Gold Primed for Major Project Development in 2025

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Researched by Industrial Info Resources (Sugar Land, Texas)--Executives at Centerra Gold Incorporated (NYSE:CGAU) (Toronto, Ontario) sounded optimistic about their company's outlook for 2025, with significant progress expected on key projects for gold, copper and other metals and minerals in high demand worldwide. The bulk of the company's operations are in the U.S. and Canada. Industrial Info is tracking more than US$1.6 billion worth of active and proposed projects from Centerra, more than 40% of which is attributed to a major gold and copper mine in western Canada.

Click on the image at right for a graph detailing Centerra's active and proposed projects, by type.

Long one of its most anticipated projects, Centerra's development of its Kemess Mine in northcentral British Columbia would see an entirely new operation just north of a pit that closed in 2011. Centerra aims to develop a combined open-pit and longhole open-stoping underground mine, with an average annual production of roughly 117,000 ounces per year of gold, 47 million pounds per year of copper and 375,000 ounces per year of silver over a 12-year mine life. Subscribers to Industrial Info's Global Market Intelligence (GMI) Metals & Minerals Project and Plant databases can learn more from a detailed project report and plant profile.

"We are pleased to be moving forward with a preliminary economic assessment on the Kemess project, which is expected to be completed by the end of 2025," said Paul Tomory, the chief executive officer of Centerra, in a recent quarterly earnings-related press release. "We have doubled our 2025 exploration guidance at Kemess to between US$10 million and US$12 million, which is expected to focus on infill drilling for the open pit and underground targets, and also to test high-grade mineralization in the deeper Kemess offset zone."

Should the development prove successful, Centerra could restart its long-closed Kemess South Mill to accommodate mined ores from the newer pit, which would be transported via a new overland conveyor system. The company also is considering a proposed Kemess East Mine, which could extract up to 80,000 ounces per year of gold, 57 million pounds per year of copper and 318,000 ounces per year of silver over a 12-year mine life. Subscribers can read detailed reports on the South Mill restart and East Mine.

Tomory said that when combined with the Mount Milligan Mine in central British Columbia, which is being considered for a major life extension, Kemess would give Centerra two long-life gold-copper assets in British Columbia. The company hopes to extend Mount Milligan's mine life beyond 2035 by expanding the open-pit operation westward to access minerals and maintain its production of 65 million pounds per year of copper and 200,000 ounces per year of gold. Subscribers can learn more from a detailed project report.

Centerra's biggest ongoing effort in the U.S. is its US$235 million restart of the Thompson Creek Mine near Clayton, Idaho. The company hopes to reopen the 42.5 million-ton-per-year open-pit operation, which has been closed since 2014, to produce 13 million pounds per year of molybdenum concentrate over a 12-year mine life. The ore would be processed into concentrate at a molybdenum mill, which was placed under care and maintenance in 2014 and would be reopened on the same schedule.

Tomory said the restart of Thompson Creek "is advancing, with approximately 14% of the total capital investment complete." Subscribers can read detailed reports on the restarts on the Thompson Creek Mine and Mill.

In a quarterly earnings-related conference call, Tomory noted "the recent implementation of U.S. tariffs had no impact on our operations in the first quarter" and that the company does not "currently anticipate any material impact at the Centerra [companywide] level."

Subscribers to Industrial Info's GMI Project and Plant databases can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.

Subscribers can click here for a full list of detailed project reports for active and proposed projects from Centerra.

Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).