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Midland Announces Non-Brokered Charity Flow-Through Financing with Strategic Investment from Centerra Gold
Globenewswire· 2025-07-22 11:30
Core Points - Midland Exploration Inc. has arranged a non-brokered private placement for gross proceeds of $5,058,750 from the sale of 10,650,000 flow-through shares at a price of $0.475 per share [1] - Concurrently, Midland plans to complete an additional private placement for approximately $1,050,000 from the sale of 3,181,818 common shares at a price of $0.33 per share [2] - Centerra Gold Inc. is expected to participate as a strategic investor, acquiring 9.9% of Midland's issued and outstanding common shares upon closing [3] Financial Details - The gross proceeds from the flow-through shares will be used for Canadian exploration expenses that qualify as flow-through mining expenditures, to be incurred by December 31, 2026 [4] - Refundable tax credits of 22.5% are anticipated on qualifying expenditures incurred by Midland on its gold projects [5] Offering Conditions - The offering is expected to close on or about July 25, 2025, subject to TSX Venture Exchange approval and execution of an Investor Rights Agreement with Centerra [6] - Under the Investor Rights Agreement, Centerra will have rights to participate in future share issuances to maintain its interest in Midland [6] Company Background - Midland targets mineral potential in Quebec, focusing on discovering new world-class deposits of gold and critical metals [8] - The company collaborates with reputable partners such as BHP Canada Inc., Rio Tinto Exploration Canada Inc., and Agnico Eagle Mines Limited [8]
Centerra Gold: Turkish Mine's Clock Is Ticking, But High Transition Potential Remains
Seeking Alpha· 2025-07-19 09:38
Group 1 - Centerra Gold (CGAU) is a smaller-sized gold miner expected to produce between 270,000 to 310,000 ounces in 2024, but faced challenges due to no processing at the mine in Türkiye and lower grades [1] - The company had a difficult year in 2024, which impacted its production capabilities [1] Group 2 - The analyst has over 10 years of experience researching various companies across different sectors, including commodities and technology [1] - The focus has shifted to a value investing-oriented YouTube channel after three years of blogging, with a particular interest in metals and mining stocks [1]
Centerra Gold Provides Notice of Second Quarter 2025 Results and Conference Call
GlobeNewswire News Room· 2025-07-07 11:30
Core Viewpoint - Centerra Gold Inc. is set to release its second quarter 2025 operating and financial results on August 6, 2025, followed by a conference call on August 7, 2025, at 9:00 a.m. Eastern Time [1]. Company Overview - Centerra Gold Inc. is a Canadian-based gold mining company focused on operating, developing, exploring, and acquiring gold and copper properties in North America, Türkiye, and other global markets [3]. - The company operates two mines: the Mount Milligan Mine in British Columbia, Canada, and the Öksüt Mine in Türkiye [3]. - Centerra also owns the Kemess Project in British Columbia, the Goldfield Project in Nevada, and operates a Molybdenum Business Unit in the United States and Canada [3]. - The company's shares are traded on the Toronto Stock Exchange (TSX) under the symbol CG and on the New York Stock Exchange (NYSE) under the symbol CGAU [3].
Centerra Gold Provides Notice of Second Quarter 2025 Results and Conference Call
Globenewswire· 2025-07-07 11:30
Core Viewpoint - Centerra Gold Inc. is set to release its second quarter 2025 operating and financial results on August 6, 2025, followed by a conference call on August 7, 2025, at 9:00 a.m. Eastern Time [1]. Company Overview - Centerra Gold Inc. is a Canadian-based gold mining company focused on operating, developing, exploring, and acquiring gold and copper properties in North America, Türkiye, and other global markets [3]. - The company operates two mines: the Mount Milligan Mine in British Columbia, Canada, and the Öksüt Mine in Türkiye [3]. - Centerra also owns the Kemess Project in British Columbia, the Goldfield Project in Nevada, and operates a Molybdenum Business Unit in the United States and Canada [3]. - The company's shares are traded on the Toronto Stock Exchange (TSX) under the symbol CG and on the New York Stock Exchange (NYSE) under the symbol CGAU [3].
Centerra Gold Publishes 2024 Sustainability Report
Globenewswire· 2025-06-05 21:00
Core Viewpoint - Centerra Gold Inc. has published its 2024 Sustainability Report, highlighting its performance in Environmental, Social, and Governance (ESG) areas, emphasizing responsible mining as a driver of long-term value and growth [1]. Environmental - Total global scope 1 and 2 greenhouse gas (GHG) emissions were 137,719 and 34,727 tonnes of carbon dioxide equivalent (tCO2e) respectively [6]. - Emissions per ounce of gold produced at Mount Milligan and Öksüt were 0.28 tCO2e, significantly below the sector's average of 0.66 tCO2e [6]. - The company implemented a climate change strategy focusing on site-level decarbonization initiatives and climate risk scenario analysis [6]. - Öksüt received ISO 50001 energy management system certification and compliance certification from the International Cyanide Management Institute [6]. - Mount Milligan improved mine water recycling to reduce freshwater intake [6]. Social - The total reportable injury frequency rate decreased to 0.71 from 0.76 in the previous year [6]. - Collaboration with Indigenous-owned businesses increased by 31%, reaching 21 businesses from 16 in 2023 [6]. - Indigenous employee representation across British Columbia operations reached 19% [6]. - Local procurement spending rose by 26% from 2023, totaling $134 million in 2024 [6]. - The company surpassed its 2026 gender diversity goal for the second consecutive year, achieving 38% female representation on the Board of Directors and 33% among officers [6]. Governance - Centerra received independent assurance of conformance with the World Gold Council's Responsible Gold Mining Principles [6].
CGAU or AEM: Which Is the Better Value Stock Right Now?
ZACKS· 2025-06-05 16:41
Investors interested in Mining - Gold stocks are likely familiar with Centerra Gold Inc. (CGAU) and Agnico Eagle Mines (AEM) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The proven Zacks Rank emphasizes companies with positive estimate revision trends, and our Style Scores highlight stocks with ...
Wall Street Analysts Think Centerra Gold (CGAU) Could Surge 27.33%: Read This Before Placing a Bet
ZACKS· 2025-05-22 14:55
Core Viewpoint - Centerra Gold Inc. (CGAU) has seen a 2.8% increase in share price over the past four weeks, closing at $6.88, with a potential upside indicated by Wall Street analysts' price targets suggesting a mean estimate of $8.76, representing a 27.3% upside [1] Price Targets and Analyst Consensus - The average price target consists of 11 estimates ranging from a low of $6.50 to a high of $11, with a standard deviation of $1.19, indicating variability among analysts [2] - The lowest estimate suggests a decline of 5.5% from the current price, while the highest estimate indicates a potential upside of 59.9% [2] - A low standard deviation signifies greater agreement among analysts regarding price movement, which can be a useful starting point for further research [9] Earnings Estimates and Potential Upside - Analysts show strong agreement in revising CGAU's earnings estimates higher, which correlates with potential stock price increases [11] - Over the last 30 days, four estimates have increased while one has decreased, leading to a 31.6% rise in the Zacks Consensus Estimate for the current year [12] - CGAU holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors, indicating strong potential for upside [13]
CGAU vs. FNV: Which Stock Is the Better Value Option?
ZACKS· 2025-05-19 16:41
Investors with an interest in Mining - Gold stocks have likely encountered both Centerra Gold Inc. (CGAU) and Franco-Nevada (FNV) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The proven Zacks Rank emphasizes companies with positive estimate revision trends, and our Style Scores highlight s ...
Centerra Gold (CGAU) Upgraded to Buy: What Does It Mean for the Stock?
ZACKS· 2025-05-13 17:00
Investors might want to bet on Centerra Gold Inc. (CGAU) , as it has been recently upgraded to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.Indiv ...
Centerra Gold (CGAU) - 2025 Q1 - Quarterly Report
2025-05-06 10:03
Management's Discussion and Analysis For the Three Months Ended March 31, 2025 and 2024 This Management's Discussion and Analysis ("MD&A") has been prepared as of May 5, 2025 and is intended to provide a review of the financial position and results of operations of Centerra Gold Inc. ("Centerra" or the "Company") for the three months ended March 31, 2025 in comparison with the corresponding period ended March 31, 2024. This discussion should be read in conjunction with the Company's unaudited condensed cons ...