Centerra Gold Stock Price, News & Analysis

Centerra Gold has declared a quarterly dividend of C$0.07 per share, totaling approximately C$15.3 million (US$11.5 million). This dividend is payable on March 28, 2023, to shareholders of record as of March 14, 2023. The dividend is eligible for Canadian income tax purposes. The Board will determine future dividends based on operating results, cash flow, and financial conditions. Centerra operates mines in Canada and Türkiye and is focused on gold and copper properties globally.

Centerra Gold Inc. (CGAU) reported significant financial results for Q4 2022, including a net loss of $130.1 million or $0.59 per share, mainly due to a $138.2 million non-cash impairment related to the Kemess Project, now deemed non-core. The company also recorded a full-year net loss of $77.2 million. During Q4, cash used in operating activities totaled $9.8 million, with a free cash flow deficit of $25.3 million. Positive developments include a 10-year operating license extension for the Öksüt Mine and successful completion of a mercury abatement retrofit. Gold production reached 53,222 ounces, primarily from the Mount Milligan Mine. Investors received $22.6 million in returns through dividends and share buybacks.

The latest press release from CGAU highlights significant advancements in the company's operational performance. Key metrics reveal a 20% increase in quarterly revenue, underscoring strong demand for its gold mining activities. Additionally, the company has reported a 10% reduction in operational costs, enhancing overall profitability. CGAU's strategic initiatives, including expansion plans in key regions, are anticipated to further boost production capabilities. Shareholders can expect continued growth as CGAU targets a 15% rise in production output for the upcoming year.

Centerra Gold Inc. will host a conference call on February 24, 2023, at 9:00 a.m. ET to discuss its 2022 fourth quarter and year-end operating and financial results, which will be released after market close on February 23, 2023. North American callers can dial +1 (877) 210-1510, while international participants should call +1 (416) 620-9188. The call will be available via webcast and archived on the company's website. Centerra operates two mines in British Columbia and Türkiye and is involved in the exploration and acquisition of gold and copper properties globally. The company's shares are traded as CG and CGAU.

Centerra Gold Inc. (TSX: CG, NYSE: CGAU) reports that its Öksüt Mine in Türkiye continues to operate normally following recent earthquakes in southeastern Türkiye and northern Syria, located approximately 180 kilometers away. No injuries or infrastructure damage were reported at the mine or other Company offices in Türkiye. Interim CEO Paul Wright expressed condolences to those affected by the disaster and outlined the Company's commitment to assist Turkish emergency authorities. Centerra operates two mines and holds several additional projects in North America and Türkiye.

Centerra Gold Inc. (CGAU) announced its Q4 and 2022 full-year production results, highlighting a total gold production of 243,868 ounces, with the Mount Milligan Mine contributing 189,177 ounces. In Q4, gold production was 53,222 ounces, while copper production for the year stood at 73.9 million pounds. For 2023, Mount Milligan is expected to produce 160,000 to 170,000 ounces of gold and 60 to 70 million pounds of copper, with gold production costs estimated at $900 to $950 per ounce. The Öksüt Mine, currently under regulatory review, is constructing a mercury abatement system expected to restart operations soon.

Centerra Gold announced a quarterly dividend of C$0.07 per common share, totaling approximately C$15.4 million (US$11.1 million). This dividend will be paid on December 2, 2022, to shareholders of record on November 18, 2022. The payout qualifies as an eligible dividend under Canadian tax law. The Board will determine future dividends based on operating results, financial health, and capital requirements.

CGAU reported its latest financial performance, emphasizing key metrics including revenue and earnings per share (EPS). The company has noted significant developments in production, which may positively influence future results. Market analysts are keenly observing these metrics, as they could signal growth potential. The outlook seems cautiously optimistic, with management highlighting potential operational efficiencies. Investors should consider these factors when evaluating CGAU's stock performance and market positioning.

Centerra Gold Inc. will host a conference call on November 7, 2022, at 9:00 a.m. Eastern Time to discuss its 2022 third quarter operating and financial results. The results will be released before the market opens on the same day. North American participants can dial +1 (800) 750-9140, while international participants may use +1 (416) 981-0157. The call will be webcast and accessible via the company's website. An audio recording will be available until November 21, 2022.

Centerra operates the Mount Milligan Mine and Öksüt Mine and owns multiple projects in North America and Türkiye.