Centerra Gold Stock Price, News & Analysis

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.

Centerra Gold (NYSE: CGAU) reported its Q1 2025 results with net earnings of $30.5 million ($0.15 per share). The company produced 59,379 ounces of gold and 11.6 million pounds of copper, with gold sales at an average realized price of $2,554/oz and copper at $3.80/lb. The company maintained a strong cash position of $608 million.

Key highlights include Board approval for up to $75 million in share repurchases for 2025, with $14.9 million already spent in Q1. The company declared a quarterly dividend of C$0.07 per share. Centerra is advancing its Kemess project, with updated mineral resources of 2.7 million ounces of indicated and 2.2 million ounces of inferred gold resources, plus significant copper resources. The company doubled its 2025 Kemess exploration guidance to $10-12 million.

The company maintains its 2025 production guidance of 270-310K gold ounces and expects stronger production in H2 2025 due to increasing grades. The Thompson Creek restart is progressing with 14% of capital investment complete.

Centerra Gold (NYSE: CGAU) has announced an updated mineral resource estimate at its Kemess project in British Columbia, incorporating results from its 2024 drilling campaign. The project contains 2.7 million ounces of indicated gold resources and 971 million pounds of indicated copper resources. The company has doubled its 2025 exploration guidance to $10-12 million and plans 28,500 meters of drilling. Centerra is advancing a Preliminary Economic Assessment (PEA), expected by end-2025, based on a combined open pit and underground mining concept. The project benefits from significant existing infrastructure, including a power line, processing plant, and tailings facility. Centerra targets potential average annual production of 250,000 gold equivalent ounces over a possible 15-year operation, which would give the company two long-life gold-copper assets in British Columbia alongside Mount Milligan.

Centerra Gold (TSX: CG) (NYSE: CGAU) has announced key upcoming investor events for Q1 2025. The company will release its first quarter 2025 operating and financial results before market opening on Tuesday, May 6, 2025, followed by a conference call and webcast at 9:00 a.m. Eastern Time.

The company will also hold its Annual Meeting of Shareholders on the same day at 11:00 a.m. Eastern Time in a virtual-only format via live audio webcast. The meeting materials and financial statements have been made available on the company's website, SEDAR+, and EDGAR platforms.

Centerra Gold Inc. (TSX: CG) (NYSE: CGAU) has announced the filing of its 2024 annual report on Form 40-F with the U.S. Securities and Exchange Commission. The filing includes the company's 2024 annual information form (AIF), annual audited financial statements, and management's discussion and analysis (MD&A).

These documents are accessible through multiple channels: via EDGAR (www.sec.gov), SEDAR+ (www.sedarplus.ca), and the company's website (www.centerragold.com). Additionally, shareholders can request free hard copies of the annual audited financial statements with accompanying notes.

Centerra Gold (NYSE: CGAU) has announced key executive changes, with David Hendriks appointed as Executive Vice President and Chief Operating Officer, effective April 15, 2025. He succeeds Paul Chawrun, who will depart on March 31, 2025.

Hendriks brings over 30 years of mining industry experience, most recently serving as Senior Vice President of Nicaraguan Operations at Calibre Mining, where he led multi-site operations and production growth initiatives. His previous roles include senior leadership positions at Kinross Gold, managing gold mining operations in Nevada and Mauritania.

CEO Paul Tomory acknowledged Chawrun's contributions since 2022, particularly highlighting his role in implementing the Mount Milligan site optimization program and commitment to safe operations. The company emphasizes that Hendriks' appointment aligns with their focus on operational excellence, efficiency enhancement, and sustainable growth.