Centerra Gold Stock Price, News & Analysis

Centerra Gold (NYSE:CGAU) has announced positive results from a Pre-Feasibility Study (PFS) for its Mount Milligan mine, extending the mine life by approximately 10 years to 2045. The extension plan includes a $186 million capital investment program, featuring increased process plant capacity and a second tailings storage facility.

The PFS outlines average annual production from 2026 to 2042 of 150,000 ounces of gold and 69 million pounds of copper. The study confirms a significant increase in mineral reserves, with 4.4 million ounces of gold and 1.7 billion pounds of copper, representing increases of 56% and 52% respectively from 2024 levels.

The project demonstrates robust economics with an after-tax NPV (5%) of $1.5 billion at base case prices, increasing to $2.1 billion at spot prices. The plan includes a 10% increase in process plant throughput to 66,300 tonnes per day by 2029.

Centerra Gold (NYSE:CGAU) has declared a quarterly dividend of C$0.07 per common share, totaling approximately C$14.3 million (US$10.5 million). The dividend will be paid on September 4, 2025, to shareholders of record as of August 21, 2025.

The dividend qualifies as an eligible dividend for Canadian tax purposes. The company's Board of Directors determines dividend payments based on factors including operating results, cash flow, financial conditions, capital requirements, and general business conditions.

Centerra Gold (NYSE:CGAU) reported Q2 2025 results with net earnings of $68.6 million ($0.33 per share) and consolidated gold production of 63,311 ounces. The company generated $98.4 million in operating cash flow before working capital and maintained strong liquidity of $922.3 million.

Key operational highlights include gold sales of 61,335 ounces at an average realized price of $2,793/oz and copper sales of 12.1 million pounds at $3.62/lb. The company is advancing the Goldfield Project with attractive economics, including an after-tax NPV of $245 million and IRR of 30%, with first production expected by end of 2028.

Centerra updated its 2025 guidance due to lower grade zones at Mount Milligan and higher royalty costs at Öksüt, while maintaining its commitment to shareholder returns through increased share buybacks of $27 million in Q2.

Centerra Gold (NYSE:CGAU) has announced positive economics for its Goldfield project in Nevada, with an after-tax NPV5% of $245 million and an IRR of 30% at a $2,500/oz gold price. The project requires an initial capital investment of $252 million and is expected to begin production by end of 2028.

The project features a 7-year mine life with average annual gold production of 100,000 ounces in peak years at an all-in sustaining cost of $1,392 per ounce. Centerra has implemented a strategic gold hedge on 50% of production for 2029-2030, with a floor price of $3,200/oz and ceiling prices of $4,435-$4,705/oz.

The optimized process includes a three-stage crushing circuit for high-grade ore and run-of-mine processing for lower-grade material, improving gold recovery to 76%. The project will create 300-400 construction jobs and 250-300 operational positions.

Centerra Gold (NYSE: CGAU) has announced it will release its second quarter 2025 operating and financial results on Wednesday, August 6, 2025 after market close. The company will host a conference call and webcast to discuss the results on Thursday, August 7, 2025, at 9:00 a.m. Eastern Time.

The webcast will be archived and available until November 7, 2025, while an audio recording will be accessible via telephone until September 7, 2025. Presentation slides will be available on Centerra's website.

Centerra Gold (NYSE: CGAU) has released its 2024 Sustainability Report, highlighting significant ESG achievements. The company reported total global scope 1 and 2 GHG emissions of 137,719 and 34,727 tCO2e respectively, with emissions of 0.28 tCO2e per gold ounce at Mount Milligan and Öksüt mines, significantly below industry average of 0.66 tCO2e. Notable achievements include a reduced injury rate of 0.71, 31% increase in Indigenous business collaboration, and $134 million in local procurement spending. The company exceeded its 2026 gender diversity goals with 38% female board representation and 33% among officers. Environmental initiatives included implementing climate strategy, improving water recycling at Mount Milligan, and achieving ISO 50001 certification at Öksüt.

Gold prices have surged back to $3,300 after briefly touching $3,500 in late April 2025, prompting major institutions to revise their forecasts upward. Deutsche Bank projects $3,700 per ounce by 2026, while JP Morgan anticipates $4,000 by Q2 2026. More bullish predictions come from billionaire John Paulson and mining veteran Rob McEwen, who forecast $5,000 gold by 2028. The rally, fueled by Chinese market activity, has boosted gold mining stocks. Lake Victoria Gold has signed a non-binding LOI with Nyati Resources to evaluate a small-scale development partnership at its Tembo Project in Tanzania, potentially utilizing Nyati's existing 120 tpd processing plant and a new 500 tpd facility. The company recently raised C$3.52 million through a strategic investment from Taifa Group and secured a gold prepay agreement with Monetary Metals for up to 7,000 ounces.

Centerra Gold (NYSE: CGAU) held its 2025 Annual Meeting of Shareholders with a strong turnout of 76.22% of common shares represented. All eight nominated directors were successfully elected with overwhelming support, each receiving over 98% approval. KPMG LLP was reappointed as the company's auditor with 95.92% of votes in favor. The shareholders also approved a non-binding resolution on executive compensation with 98.66% support.

Centerra Gold operates two mines: the Mount Milligan Mine in British Columbia, Canada, and the Öksüt Mine in Türkiye. The company also owns the Kemess Project, the Goldfield Project in Nevada, and operates the Molybdenum Business Unit in the United States and Canada.

Centerra Gold Inc. (NYSE: CGAU) has declared a quarterly dividend of C$0.07 per common share, totaling approximately C$14.6 million (US$10.1 million). The dividend will be paid on June 5, 2025, to shareholders of record as of May 22, 2025. This dividend qualifies as an eligible dividend for Canadian tax purposes. The company's Board of Directors determines dividend payments based on factors including operating results, cash flow, financial conditions, capital requirements, and general business conditions.