Centerra Gold Inc

CG

Equity

ISIN null / Valor 1888760

Toronto Stock Exchange (2025-10-21)

CAD 15.19-10.6%

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

Production Performance

In Q2 2025, Centerra achieved consolidated gold production of 63,311 ounces, with Mount Milligan contributing 35,058 ounces and Öksüt Mine delivering 28,253 ounces. Additionally, copper production reached 12.4 million pounds, highlighting diversified operational output.

Financial Results

The company reported net earnings of $68.6 million, or $0.33 per share, and adjusted net earnings of $52.7 million, or $0.26 per share. Operational cash flow before changes in working capital and taxes was $98.4 million, marking a 22% increase from the previous quarter. Total liquidity stood at $922.3 million as of June 30, 2025.

Capital Allocation and Share Buybacks

Centerra enhanced its commitment to shareholders by increasing share buybacks to $27 million in Q2 2025, an 80% rise from the last quarter. Year-to-date repurchases reached $42 million, with up to $75 million approved for the full year under the Normal Course Issuer Bid (NCIB) program. Additionally, a quarterly dividend of C$0.07 per common share was declared, totaling $10.5 million for the quarter.

Strategic Growth Initiatives

The company made significant progress on the Goldfield project, confirming attractive economics with an after-tax net present value of $245 million and an internal rate of return of 30%. First production is expected by the end of 2028, which will bolster Centerra's gold production profile and generate substantial shareholder value. Furthermore, Centerra is advancing pre-feasibility studies at Mount Milligan and preliminary economic assessments at the Kemess project, positioning the company for long-term growth in British Columbia.

Summarized from source with an LLMView Source

Key figures

45.5%1Y

137%3Y

14.0%5Y

Performance

41.8%1Y

41.6%3Y

46.3%5Y

Volatility