Centerra Gold Inc

CG

Equity

ISIN CA1520061021 / Valor 1888760

Toronto Stock Exchange (2025-03-14)

CAD 8.37-0.36%

Centerra Gold Inc
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About company

Centerra Gold Inc. is a Canadian-based mining company headquartered in Toronto, Ontario, specializing in the exploration, development, and operation of gold and copper properties. The company operates two primary mines: the Mount Milligan Mine in British Columbia, Canada, and the Öksüt Mine in Türkiye. Additionally, Centerra holds interests in several development projects, including the Goldfield District Project in Nevada, USA, and the Kemess Project in British Columbia. The company also manages a Molybdenum Business Unit in Canada and the United States. Centerra Gold is publicly traded on the Toronto Stock Exchange under the symbol CG and on the New York Stock Exchange under the symbol CGAU, reflecting its significant presence in the North American mining sector.

Summarized from source with an LLMView SourceSector: Non-Energy Materials

Revenue Performance

In the third quarter of 2024, Centerra Gold Inc. reported a revenue of $323.9 million, which is a decrease from the $343.9 million recorded in the same quarter of 2023. This decline in revenue reflects changes in market conditions and production levels.

Earnings from Mine Operations

Centerra Gold Inc. achieved earnings from mine operations of $107.4 million in Q3 2024, compared to $114.6 million in Q3 2023. The decrease in earnings is attributed to higher production costs and depreciation expenses.

Net Earnings

The company reported net earnings of $35.1 million for the third quarter of 2024, a significant improvement from a net loss of $52.5 million in the same period of the previous year. This turnaround is primarily due to better cost management and operational efficiencies.

Dividends

Centerra Gold Inc. declared a cash dividend of C$0.07 per common share for the third quarter of 2024. This is consistent with the dividend declared in the same quarter of 2023, reflecting the company's commitment to returning value to shareholders.

Outlook

Looking ahead, Centerra Gold Inc. remains focused on optimizing its operations and managing costs effectively. The company is cautiously optimistic about its performance in the coming quarters, given the current market conditions and its strategic initiatives.

Summarized from source with an LLMView Source

Key figures

8.98%1Y

-32.1%3Y

18.9%5Y

Performance

34.9%1Y

43.6%3Y

50.8%5Y

Volatility