Centenario Gold Delivers Spectacular Copper Hits at Los Reyes

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1. Disclosure for the quote from the Stewart Thomson article published on May 12, 2026

1. For the quoted article (published on May 12, 2026), Centenario Gold Corp. has paid Street Smart, an affiliate of Streetwise Reports, US$3,500.
2. Author Certification and Compensation: Stewart Thomson was retained and compensated as an independent contractor by Street Smart for writing this article. Mr. Thomson is a retired Canadian financial advisor who has passed the Canadian Securities Course as well as additional technical analysis courses that were mandated by his former employer and approved by Ontario regulatory bodies. For the past 15 years, he has been editing and writing numerous financial newsletters that have a strong focus on charts.  The recommendations and opinions expressed in this content reflect the personal, independent, and objective views of the author regarding any and all of the companies discussed. No part of the compensation received by the author was, is, or will be directly or indirectly tied to the specific recommendations or views expressed.

2. Ownership and Share Structure Information

The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.

Centenario Gold Corp. (CTG:TSX.V) announced assay results from surface and underground rock samples at its Los Reyes project on July 13, 2026. The results highlight the potential of this Mexican asset during a period of robust industrial metal demand.

Current Market Opportunity in Copper and Gold

Copper prices have risen more than 10% since the start of the year, copper prices have risen more than 10% since the start of the year and over 40% since the beginning of 2025, driven by AI data centers, electronics, defense, and clean energy needs. Gold prices recovered from a dip on July 8, 2026, to US$4,126.10 per ounce on July 9, 2026, remaining 24% higher than July 2025 levels despite volatility.

Why Centenario Gold Stands Out Now

Centenario Gold Corp. is a Canadian mineral exploration company focused on assets in both Canada and Mexico. As a company, Centenario Gold Corp. works to be committed to sustainable exploration by working with local governments and communities and has an experienced development team.

The recent high-grade results at Los Reyes demonstrate the project's ability to deliver meaningful copper, zinc, gold, and molybdenum values from historic mining areas.

Key Assets and Catalysts at Los Reyes

Centenario Gold Corp. completed the mapping and sampling of old mine dumps and underground workings at the El Rey mineral concession. Historically, copper-rich skarn zones (mineral deposits formed where intrusive rocks contact limestone) have been mined along the intrusive-limestone contact zone. The samples were taken from two major old mining areas roughly 200 meters apart: the Tueda shaft zone and the Jibosa shaft zone. All samples, minus two, were channel-cut samples from across rock outcrops. In total, 58 samples were taken from surface rock outcrops, waste dumps and pits, and underground workings. Centenario reported seven samples from surface outcrops, 11 samples from waste dumps and shallow pits located near the Tueda shaft, and 40 samples collectively taken from underground at the Tueda and Jibosa old mines.

Historically, Jibosa has hosted copper-rich zones that have been known to reach up to 30 meters in width and 100 meters in length, sometimes extending hundreds of meters down and laterally along the intrusive-sediment contact. Sample no. 417995, taken from a stockpile of rock material that appeared to represent the standard 'mine feed' that was mined out of Jibosa 100 years ago, has returned grades of 7.19% copper and 2.88% zinc. Separately, sample no. 417968, which returned a copper grade of 27.9%, came from a 0.6-meter-wide fracture filling zone located along one of the underground tunnels 20 meters below the surface. The Tueda shaft samples have returned significant samples of molybdenum and gold, suggesting that gold is present and possibly widely distributed in the Los Reyes mineralized system. It is the company's intention to drill test this target in the upcoming drilling program in order to see how the gold and molybdenum mineralization increases both laterally and at depth.

Industry Timing and Trends Supporting Growth

Junior miners and exploration companies hit the ground running this year after gold rallied at a high of US$5,500 per ounce in January. Many companies, like Centenario Gold Corp., chose to begin exploration or production amid these highs. While prices have since fallen, and even dipped below US$4,000 in June, rates are still up 24% compared to July 2025, and Gold.org wrote that: "[T]he stage is set for a possible breakout. On the upside, clear catalysts – a worsening economy or renewed geopolitical shock, a shift towards lower interest-rate expectations, or a wave of dip buying — could reignite gold's momentum and lift it back towards US$4,500/oz or above."

Inflationary fears were reignited after Brent crude oil prices rose again after a several-week ceasefire between the two countries lost its stability, but gold rebounded when U.S. home sale prices dropped 2.4%, signaling hope for a healthier economy. In April, S&P Global wrote, "Gold is expected to remain volatile but structurally supported, with central bank demand and geopolitical risk helping to establish a price floor above recent correction lows."

On May 7, 2026, Brian Taylor of Recycling Today said that the World Bank Group has predicted that overall global metals prices will rise by 17% in 2026, which would mark the first overall market increase since 2022. On May 12, 2026, Piyush Shukla of The Economic Times wrote that, "Copper prices are soaring aggressively in 2026 as copper futures smash record highs above US$14,000 per ton. The rally is no longer only about manufacturing demand. AI data center construction is now driving a massive global copper rush. China's factory recovery, Middle East sulfuric acid shortages, and tightening mine supply are deepening the global copper crunch."

A report from Businessworld claimed that "global copper demand is gradually shifting towards strategic and less price-sensitive sectors such as AI infrastructure, defense, power grids, and clean energy systems. By 2040, these categories are expected to account for nearly 45% of total copper demand, up from 32% in 2024."

"Collectively, inventories at the world's main exchanges have risen by more than 500,000 tons since the start of the year," stated a March 6 article by Bloomberg News. Copper futures rested at US$6.20 per pound on July 8, 2026. China's output fell by 3% in April 2026, and tariff expenses are keeping the stock price high.

Analyst Views and Valuation Outlook

¹Analyst Stewart Thomson reviewed Centenario before this news was released. On May 12, 2026, Thomson wrote: " A possible uptrend is now in play. Short-term moving averages show a bullish cross to begin the year. Volume is becoming significant. OBV (on balance volume) shows trend-level strength."

At the time of writing, Thomson gave the company a "Speculative Buy" rating, with a short-term price target of CA$0.60 and a medium-term price target of CA$1.30.

Share Structure and Upcoming Events

Centenario Gold Corp. has a market cap of CA$2.13 million, with 19.33 million shares outstanding. The company's 52-week range is CA$0.10-CA$0.47. ²Management & Insiders own 5.69% of shares, while 94.31% of shares are held by Retail. Further sampling will continue, and results will be made available as they are returned.

According to the company presentation, Centenario's goal is to continue drill testing and trenching in four untested EM anomalies and to complete near-surface step-out drilling to the north of the Cabot prospect for the development of a Phase 1 pit constrained resource shape.

Key Investor Takeaways

• High-grade copper results up to 27.9% and zinc at 2.88% confirm strong mineralization at historic mine sites.
• Copper market fundamentals remain robust due to AI infrastructure and energy transition demand.
• Analyst coverage includes a Speculative Buy rating with targets up to CA$1.30 medium term.
• Planned drilling will test gold-molybdenum potential and expand known zones laterally and at depth.
• Low market capitalization of CA$2.13 million offers leverage to exploration success for retail investors.
• Retail investors hold the majority of shares, aligning interests with management ownership at 5.69%.

Common Questions from Investors

Q: What metals were highlighted in the latest samples? A: Samples returned up to 27.9% copper, 2.88% zinc, plus notable gold and molybdenum values.

Q: Where is the Los Reyes project located? A: The project is in Mexico within the El Rey mineral concession, targeting skarn-style copper-gold zones.

Q: What are the next steps for exploration? A: The company plans to drill to test the extent of mineralization and develop a resource shape.

Q: How does the share structure look for investors? A: Market cap stands at CA$2.13 million with 19.33 million shares outstanding and strong retail ownership.

The combination of high-grade surface and underground results, supportive metal prices, and clear exploration plans positions Centenario Gold Corp. as an intriguing early-stage opportunity for those following copper and precious metals developments.