Core Viewpoint - Centerra Gold Inc. reported strong operational performance in Q3 2024, achieving significant production and cash flow growth while maintaining cost guidance for the year [2][4][5]. Operations - Consolidated gold production reached 93,712 ounces in Q3 2024, with contributions of 42,993 ounces from Mount Milligan and 50,719 ounces from Öksüt [4]. - Copper production for the quarter was 13.7 million pounds, with year-to-date totals of 294,880 ounces of gold and 41.6 million pounds of copper [4]. - The company maintained its full-year production guidance of 370,000 to 410,000 ounces of gold and 55 to 65 million pounds of copper [4][10]. Financial Performance - Q3 2024 net earnings were $28.8 million, or $0.14 per share, with adjusted net earnings of $38.6 million, or $0.19 per share [5]. - Cash provided by operating activities was $103.6 million, and free cash flow was $37.4 million for the quarter [5]. - Total liquidity as of September 30, 2024, was $1,004.3 million, including $604.3 million in cash [5]. Capital Expenditures - Total capital expenditures in Q3 2024 were $60.5 million, with sustaining capital expenditures of $35.3 million and non-sustaining expenditures of $25.2 million [7][22]. - The company plans to continue investing in its operations, particularly at Mount Milligan and Öksüt, to enhance production capabilities [17][22]. Strategic Developments - Centerra announced a strategic plan for its Molybdenum Business Unit, including the restart of operations at Thompson Creek and a ramp-up plan for Langeloth [6][24]. - The company is progressing on a preliminary economic assessment for Mount Milligan, expected to be completed by mid-2025, which aims to unlock additional value [3][19]. Shareholder Returns - The company increased share buybacks to $12 million in Q3 2024 and declared a quarterly dividend of C$0.07 per common share [5][6]. - Centerra has returned $65 million to shareholders in the first nine months of 2024, including $32 million in share buybacks and $33 million in dividends [6]. Future Outlook - The company expects to publish an initial resource estimate at Goldfield in early 2025, alongside its year-end reserve and resource update [3]. - Full-year cost guidance remains unchanged, with gold production costs expected to be between $800 to $900 per ounce and all-in sustaining costs between $1,075 to $1,175 per ounce [4][10].

Group 1 - Centerra Gold has been underperforming compared to other gold miners in recent months, which may deter potential investors [1] - Despite its recent struggles, there are positive aspects about Centerra Gold that could appeal to investors [1] Group 2 - The external environment surrounding the gold mining industry is also a factor to consider when evaluating Centerra Gold [1]

Centerra Gold Inc. (CGAU) closed the last trading session at $6.89, gaining 4.2% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $9.11 indicates a 32.2% upside potential. The average comprises 11 short-term price targets ranging from a low of $7.50 to a high of $9.72, with a standard deviation of $0.63. While the lowest estimate indicates an increase of 8.9% from the current price ...

TORONTO, Oct. 03, 2024 (GLOBE NEWSWIRE) -- Centerra Gold Inc. ("Centerra" or the "Company") (TSX: CG) (NYSE: CGAU) will release its third quarter 2024 operating and financial results after the market closes on Thursday, October 31, 2024. 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. Details for the conference call and webcast are included below. Webcast Participants can access the webcast at the following webcast link. An a ...

Integrated value of Thompson Creek and Langeloth is expected to have after-tax NPV8% of $472M and IRR of 22% Langeloth, at full capacity and integrated with Thompson Creek, is expected to generate approximately $45M earnings from operations and $50M EBITDANG per year All figures are in United States dollars. All production figures reflect payable metal quantities and are on a 100% basis, unless otherwise stated. For references denoted with NG, refer to the "Non-GAAP Financial Measures" disclosure at the end ...

TORONTO, Sept. 09, 2024 (GLOBE NEWSWIRE) -- Centerra Gold Inc. ("Centerra" or the "Company") (TSX: CG) (NYSE: CGAU) will release the strategic plan for its US molybdenum operations, including results from the Thompson Creek feasibility study and Langeloth Metallurgical Facility commercial optimization plan, after the market closes on Thursday, September 12, 2024. The Company will host a conference call and webcast to discuss the release on Friday, September 13, 2024, at 9:00 a.m. Eastern Time. Details for t ...

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 Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate. The power of a chang ...

Centerra Gold Inc. (NYSE:CGAU) Q2 2024 Earnings Conference Call August 1, 2024 9:00 AM ET Company Participants Lisa Wilkinson - VP, IR and Corporate Communications Paul Tomory - President and CEO Paul Chawrun - COO Ryan Snyder - CFO Conference Call Participants Anita Soni - CIBC Raj Ray - BMO John Sclodnick - Desjardins Mike Parkin - National Bank Brian MacArthur - Raymond James Jeremy Hoy - Canaccord Genuity Operator Good morning, everyone. Thank you for standing by. This is the conference operator. Welcom ...

Management's Discussion and Analysis For the Three and Six Months Ended June 30, 2024 and 2023 This Management's Discussion and Analysis ("MD&A") has been prepared as of August 1, 2024 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 and six months ended June 30, 2024 in comparison with the corresponding period ended June 30, 2023. This discussion should be read in conjunction with the Company's audited ...

Core Points - Centerra Gold Inc. has announced a quarterly dividend of C$0.07 per common share, totaling approximately C$14.9 million or US$10.9 million, payable on August 29, 2024 [1] - The dividend is eligible for Canadian income tax purposes and is based on the company's operating results, cash flow, financial conditions, and capital requirements [2] Company Overview - Centerra Gold Inc. is a Canadian 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, and also owns several projects in the United States and Canada [3]