Quarterly ResultJul 28, 2026, 05:04 PM
Centerra Gold Q2 Net Earnings $72.1M; Raises Gold Production Guidance
AI Summary
Centerra Gold reported strong second quarter 2026 operating and financial results, with net earnings of $72.1 million and adjusted net earnings of $79.3 million. The company increased its consolidated gold production guidance for 2026 due to strong performance at Öksüt. Centerra also completed $49.7 million in share buybacks and upsized its revolving credit facility to $600 million, reinforcing its commitment to shareholder returns and financial flexibility. Key projects like Thompson Creek and Goldfield continue to advance as planned.
Key Highlights
- Q2 2026 net earnings were $72.1 million, or $0.37 per share.
- Q2 2026 adjusted net earnings were $79.3 million, or $0.40 per share.
- Consolidated gold production guidance for 2026 increased to 260,000-290,000 ounces.
- Öksüt gold production guidance for 2026 increased to 120,000-135,000 ounces.
- Repurchased $49.7 million in shares during Q2 2026; Board approved up to $200 million for 2026.
- Extended and upsized revolving credit facility to $600 million, enhancing liquidity to $1,050 million.
- Thompson Creek project on track for first molybdenum production in mid-2027.
- Goldfield 2026 non-sustaining capital expenditures guidance updated to $60-70 million.
Price Impact
More from CGAU