Welcome to our dedicated page for Centerra Gold news (Ticker: CGAU), a resource for investors and traders seeking the latest updates and insights on Centerra Gold stock.
Centerra Gold Inc. (NYSE: CGAU, TSX: CG) is a Canadian-based gold mining company whose news flow reflects operating performance, project development and capital allocation decisions across its gold, copper and molybdenum businesses. The company operates the Mount Milligan Mine in British Columbia, Canada, and the Öksüt Mine in Türkiye, and owns the Kemess Project in British Columbia, the Goldfield Project in Nevada, and a Molybdenum Business Unit in the United States and Canada.
The news stream for Centerra Gold covers quarterly and annual operating and financial results, including gold and copper production volumes, sales, unit costs and cash flow metrics. Releases also discuss factors influencing results, such as metal prices, mine performance and capital expenditures at assets like Mount Milligan, Öksüt and Thompson Creek. Investors following CGAU news can see how these factors affect earnings, liquidity and the company’s ability to fund its growth pipeline.
Another key theme in Centerra’s news is project development. The company publishes updates on technical studies and economic assessments, such as the Pre-Feasibility Study for Mount Milligan and the technical study for the Goldfield Project in Nevada. These announcements describe mine life, production profiles, capital requirements and project economics, and outline how projects like Goldfield and Kemess fit into Centerra’s broader gold growth strategy.
Capital allocation and shareholder returns are also frequent topics. News releases describe quarterly dividends, renewals of the normal course issuer bid, and share repurchases, along with commentary on how these actions align with the company’s financial position and priorities. For ongoing insight into CGAU, this news page aggregates company announcements, operational updates, technical report filings and other disclosures that shape Centerra Gold’s outlook.
Centerra Gold (TSX: CG) (NYSE: CGAU) has declared a quarterly dividend of C$0.07 per common share, totaling approximately C$14.7 million or US$10.2 million. The dividend will be paid on March 27, 2025, to shareholders of record as of March 13, 2025. This dividend qualifies as an eligible dividend for Canadian tax purposes.
The company's Board of Directors determines dividend distributions based on various factors, including operating results, cash flow, financial conditions, capital requirements, and general business conditions.
Centerra Gold (NYSE: CGAU) has announced its 2024 year-end mineral reserves and resources estimates. The company reported 3.5 million ounces of proven and probable gold reserves and 1,150 million pounds of copper reserves as of December 31, 2024. Measured and indicated gold resources stood at 6.8 million ounces, including an initial 706,000 ounces at the Goldfield Project.
At Mount Milligan, the company successfully extended mine life to 2036 by increasing storage capacity for potential acid generating waste. At Kemess, the company is evaluating restart options including combined open pit and conventional underground operations. The Goldfield Project showed mid-60% run-of-mine recoveries but doesn't meet requirements for near-term development.
The company's 2024 exploration program completed 72.3 kilometers of drilling across various sites. For 2025, Centerra plans exploration expenditures of $35-45 million, focusing on brownfield exploration at Mount Milligan and Kemess.
Centerra Gold reported Q4 and full-year 2024 results with consolidated gold production of 368,104 ounces, near the low end of guidance. Q4 production was 73,224 ounces of gold and 12.8 million pounds of copper. The company ended 2024 with $625 million in cash and total liquidity over $1 billion.
Q4 2024 financial highlights include net loss of $52.5 million ($0.25 per share), adjusted net earnings of $36.6 million ($0.17 per share), and free cash flow of $47 million. Full-year 2024 saw net earnings of $80.4 million ($0.38 per share) and free cash flow of $138.6 million.
For 2025, Centerra projects gold production of 270,000-310,000 ounces and copper production of 50-60 million pounds. The company expects consolidated gold production costs of $1,100-$1,200 per ounce and AISC of $1,400-$1,500 per ounce. Mount Milligan's mine life has been extended to 2036.
Centerra Gold (TSX: CG) (NYSE: CGAU) has announced it will release its fourth quarter 2024 operating and financial results after market close on February 20, 2025. The release will include 2025 guidance and 2024 year-end estimates for mineral reserves and mineral resources.
The company will host a conference call and webcast to discuss the results on February 21, 2025, at 9:00 a.m. Eastern Time. Participants can join via webcast or register for the conference call to receive dial-in details. The webcast archive will be available until May 21, 2025, and an audio recording will be accessible via telephone until March 21, 2025.
Gold prices are surging towards record highs, with Goldman Sachs projecting potential reaches of $3,000 by end-2025. Amid this backdrop, Yukon Metals Corp. announced results from ground-based Gravity and Time Domain Electromagnetic surveys at its Star River Project, identifying four prominent conductive zones. The surveys, completed by Aurora Geosciences, covered 20.6 kilometers with 100m line spacing and revealed targets coincident with gold and silver sampling up to 101 grams per tonne gold. The 715-hectare project, located 50km south of Ross River, Yukon, is accessible by all-season road and features multiple showings of polymetallic carbonate replacement mineralization.
Centerra Gold has received TSX approval for its renewed Normal Course Issuer Bid (NCIB) to purchase and cancel up to 18,800,929 common shares (8.9% of total shares) between November 7, 2024, and November 6, 2025. Daily purchases will be to 213,230 shares. Under the previous NCIB, which expires November 6, 2024, Centerra repurchased 5,799,800 shares at an average price of $8.74. The company plans to establish an automatic share purchase plan and believes current trading prices don't reflect the company's true value, assets, and prospects.
Centerra Gold has declared a quarterly dividend of C$0.07 per common share, totaling approximately C$14.8 million (US$11.0 million). The dividend will be paid on November 27, 2024, to shareholders of record as of November 13, 2024. 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 reported Q3 2024 results with consolidated gold production of 93,712 ounces and copper production of 13.7 million pounds. The company achieved net earnings of $28.8 million ($0.14 per share) and generated $103.6 million in cash from operations. Gold sales were 96,736 ounces at an average realized price of $2,206 per ounce. The company maintained its full-year 2024 production guidance of 370,000-410,000 ounces of gold and 55-65 million pounds of copper. Centerra ended Q3 with a strong liquidity position of $1 billion, including $604.3 million in cash.
Centerra Gold Inc. (TSX: CG) (NYSE: CGAU) has announced the release date for its third quarter 2024 operating and financial results. The results will be made public after market close on Thursday, October 31, 2024. Following this, the company will host a conference call and webcast to discuss the results on Friday, November 1, 2024, at 9:00 a.m. Eastern Time.
Participants can access the webcast through a provided link, with an archive available until February 01, 2025. For the conference call, participants can register online to receive dial-in details and a unique PIN. Alternatively, they can dial in directly and speak with a live operator. An audio recording of the call will be accessible via telephone until December 1, 2024. Presentation slides will be available on Centerra's website.
Centerra Gold announced results from its Thompson Creek feasibility study and a strategic plan for its US Molybdenum Operations. Key highlights include:
- Integrated value of Thompson Creek and Langeloth expected to have after-tax NPV8% of $472M and IRR of 22%
- Langeloth at full capacity integrated with Thompson Creek expected to generate ~$45M earnings from operations and $50M EBITDA per year
- Thompson Creek restart requires $397M capital investment over 3 years
- Thompson Creek to have 12-year mine life producing ~13M lbs molybdenum annually after ramp-up
- Langeloth plans phased ramp-up to full 40M lbs annual capacity by 2028
The integrated US Moly business shows improved economics compared to previous studies. Centerra aims to unlock value through restarting Thompson Creek and ramping up Langeloth production.
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