Quarterly ResultApr 29, 2026, 05:02 PM
CGAU Q1 Net Earnings +160% to $79.4M; Free Cash Flow +390% to $49.0M
AI Summary
Centerra Gold Inc. reported a strong start to 2026, with Q1 net earnings increasing 160% to $79.4 million and adjusted net earnings rising 234% to $88.2 million. The company generated robust free cash flow of $49.0 million, a 390% increase, which boosted its cash balance to $543.5 million. Centerra also returned $33 million to shareholders through share buybacks and dividends while advancing key growth projects like Kemess, Goldfield, and the Thompson Creek restart.
Key Highlights
- Q1 2026 Net Earnings increased 160% to $79.4M ($0.40/share).
- Q1 2026 Adjusted Net Earnings rose 234% to $88.2M ($0.44/share).
- Q1 2026 Free Cash Flow surged 390% to $49.0M.
- Cash balance increased to $543.5M as of March 31, 2026.
- Repurchased $22.5M in shares and declared $10.1M in dividends.
- Consolidated gold production was 68,001 oz; copper production 14.2M lbs.
- Mount Milligan mine life extended to 2045 with permits through 2035.
- Kemess PEA shows after-tax NPV5% of $1.1B; PFS expected in 2027.