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. reports developments for a Canadian-based mining company focused on operating, developing, exploring and acquiring gold and copper properties in North America, Türkiye and other markets. The company operates the Mount Milligan Mine in British Columbia and the Öksüt Mine in Türkiye, owns the Kemess Project in British Columbia and the Goldfield Project in Nevada, and owns and operates a molybdenum business in the United States and Canada.
Recurring news includes operating and financial results, mineral project technical reports, dividend declarations, annual meeting voting results, executive changes and other governance updates. Coverage also reflects Centerra’s dual listing on the Toronto Stock Exchange under CG and the New York Stock Exchange under CGAU.
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.
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.
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.