Quarterly ResultApr 29, 2026, 05:02 PM
CGAU Q1 Gold Production 68,001 oz; Net Earnings $79.4M; Cash $543.5M
AI Summary
Centerra Gold Inc. reported a strong start to Q1 2026, with consolidated gold production of 68,001 ounces and copper production of 14.2 million pounds. The company's financial position strengthened, with cash increasing to $543.5 million. Centerra returned $33 million to shareholders through share buybacks and dividends while advancing key growth projects like Kemess, Mount Milligan, and Goldfield, positioning for long-term value.
Key Highlights
- Consolidated gold production was 68,001 ounces; copper production was 14.2 million pounds.
- Net earnings reached $79.4 million (+160% YoY); adjusted net earnings were $88.2 million (+234% YoY).
- Cash provided by operating activities was $120.1 million (+105% YoY); free cash flow was $49.0 million (+390% YoY).
- Cash and cash equivalents increased to $543.5 million as of March 31, 2026.
- Returned $33 million to shareholders via $22.5 million in share buybacks and $10.1 million in dividends.
- Advanced Kemess PEA, Mount Milligan LOM extension to 2045, and Goldfield project for 2028 production.
- Langeloth Metallurgical Facility provisionally resumed operations in April 2026.
Price Impact
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