Quarterly ResultJul 28, 2026, 05:02 PM
Centerra Gold Q2 Net Earnings $72.1M; Boosts Gold Guidance & Buyback
AI Summary
Centerra Gold reported strong second quarter 2026 results, with net earnings of $72.1 million and adjusted net earnings of $79.3 million, representing significant year-over-year increases. The company raised its 2026 consolidated gold production guidance to 260,000-290,000 ounces, driven by a 9% increase in Öksüt's guidance. Centerra also expanded its share buyback program to $200 million for 2026 and enhanced financial flexibility by upsizing its revolving credit facility to $600 million. Additionally, the company announced the appointment of Kelly Strong as EVP and COO and provided updates on its project development pipeline.
Key Highlights
- Increased 2026 consolidated gold production guidance to 260,000-290,000 ounces.
- Q2 2026 net earnings were $72.1 million, up 5% year-over-year.
- Q2 2026 adjusted net earnings were $79.3 million, a 50% increase year-over-year.
- Board approved up to $200 million in share repurchases for the full year 2026.
- Revolving credit facility upsized to $600 million and extended to July 2030.
- Öksüt gold production guidance increased by 9% to 120,000-135,000 ounces.
- Goldfield 2026 non-sustaining capital expenditures guidance increased to $60-70 million.
- Kelly Strong appointed Executive Vice President and Chief Operating Officer, effective August 17, 2026.
Price Impact
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