Core Viewpoint - Centerra Gold Inc. (CGAU) shows potential for significant upside, with a mean price target of $9.11 indicating a 32.2% increase from the current price of $6.89 [1] Price Targets - The average of 11 short-term price targets ranges from a low of $7.50 to a high of $9.72, with a standard deviation of $0.63, suggesting a consensus among analysts [2] - The lowest estimate indicates an 8.9% increase, while the most optimistic estimate points to a 41.1% upside [2] - A low standard deviation indicates a high degree of agreement among analysts regarding the stock's price movement [7] Analyst Sentiment - Analysts are optimistic about CGAU's earnings prospects, as indicated by upward revisions in EPS estimates, which correlate with potential stock price increases [9] - Over the last 30 days, the Zacks Consensus Estimate for the current year has increased by 4.1%, with three estimates moving higher and no negative revisions [10] - CGAU holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates [11] Caution on Price Targets - Solely relying on price targets for investment decisions may not be wise, as empirical research shows that they often mislead investors [5][8] - Analysts may set overly optimistic price targets due to business incentives, which can inflate expectations [6]

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 ...

Financial Data and Key Metrics Changes - Adjusted net earnings for Q2 2024 were $47 million or $0.23 per share, with sales of 83,258 ounces of gold and 11.7 million pounds of copper [14][16] - Average realized prices were $2,097 per ounce of gold and $3.79 per pound of copper [14] - Consolidated all-in sustaining costs on a by-product basis were $1,179 per ounce, with full-year guidance for unit cost metrics unchanged [15][16] - Cash flow from operations before working capital and income taxes was $94 million, while free cash flow showed a deficit of $27 million [16][18] Business Line Data and Key Metrics Changes - Mount Milligan produced over 38,000 ounces of gold and over 13 million pounds of copper in Q2, with all-in sustaining costs at $1,234 per ounce, higher due to lower sales and increased sustaining CapEx [10][11] - Oksut's production was over 51,000 ounces, lower than the previous quarter due to inventory winding down, with all-in sustaining costs at $943 per ounce [12][13] - Molybdenum Business Unit sold approximately 2.7 million pounds at an average price of $22.10 per pound, operating at 30% capacity [15] Market Data and Key Metrics Changes - Mount Milligan's cash flow from operations was $29 million, while Oksut used $2 million of cash from operations due to tax and royalty payments [16][18] - The company expects gold and copper sales volumes to increase in the second half of the year, contributing approximately 60% of annual sales [10][16] Company Strategy and Development Direction - The company is focused on maximizing the value of its assets, with ongoing work on the preliminary economic assessment for Mount Milligan and a feasibility study for Thompson Creek [4][7] - The integration of Thompson Creek and Langeloth is seen as a key value driver, with plans to optimize capital allocation based on the upcoming feasibility study [25][49] - The company is also exploring growth opportunities at the Goldfield property in Nevada, with an initial resource expected by year-end [7][34] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the operational performance and cash flow generation for the second half of 2024, despite challenges in the first half [4][19] - The company remains committed to sustainable practices, having achieved significant milestones in its ESG initiatives [8] - Management highlighted the importance of disciplined capital allocation and the potential for future growth through exploration and optimization efforts [25][26] Other Important Information - The company declared a quarterly dividend of $0.07 per share and repurchased 1.4 million shares for a total of $10 million [18] - The cash balance at the end of Q2 was $592 million, providing total liquidity of $992 million [18] Q&A Session Summary Question: Oksut pit sequencing and stripping - Management confirmed ongoing waste stripping and adjustments in ore sequencing due to blending needs and rainy season impacts [20][21][23] Question: Free cash flow and capital prioritization - Management indicated that the Thompson Creek feasibility study is a priority for capital allocation, with ongoing assessments of molybdenum prices [24][25] Question: Mount Milligan grades and recovery expectations - Management acknowledged lower grades in Q2 due to standard mine sequencing but expects improvements in gold recovery and grades in the second half [28][29] Question: Goldfield resource estimate and drilling - Management confirmed ongoing drilling and positive results from column leach tests, with a potential increase in gold price assumptions for the resource estimate [34][35] Question: Molybdenum study and integration with Langeloth - Management outlined the strategy for integrating Thompson Creek with Langeloth to optimize capacity and profitability [46][48]

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]

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 and Other Financial Measures" disclosure at the end of this news release for a description of these measures. TORONTO, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Centerra Gold Inc. ("Centerra" or the "Company") (TSX: CG and NYSE: CGAU) today reported its second quarter 2024 operating and financial results. President ...

Paul Tomory, President and Chief Executive Officer of Centerra, commented "2023 was a year of meaningful progress in our sustainability journey, marked by significant achievements across the organization. We recognize that ESG contributes to the long-term sustainability, profitability and growth of our Company. Centerra's dedication to ESG is an important aspect of our corporate identity, endorsed by our Board of Directors and our senior management team." Social Achieved the 2026 gender diversity goal two y ...