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Centerra Gold Inc. - CGAU STOCK NEWS

Welcome to our dedicated page for Centerra Gold news (Ticker: CGAU), a resource for investors and traders seeking the latest updates and insights on Centerra Gold stock.

Centerra Gold Inc. (symbol: CGAU) is a prominent gold mining and exploration company that operates globally, with significant projects and operations spanning Asia, North America, and other key markets. The company's core business includes the exploration, development, operation, and acquisition of gold properties. Centerra Gold manages its operations through various reportable segments categorized by geographical locations and products.

The Kyrgyz Republic segment encompasses the operations of the Kumtor Gold Project, a large and established mining site contributing significantly to the company's gold production. In Turkey, the OksUt Project is a pivotal development representing the Turkish segment, underscoring the company's strategic expansion in promising regions. The North American Gold-Copper segment includes the operations of the Mount Milligan Mine, which is noteworthy for its mixed metal output, thus diversifying Centerra's portfolio. Additionally, the North American Molybdenum segment comprises the operations of the Langeloth processing facility and the care and maintenance activities of the Endako and Thompson Creek Mines.

Recent achievements include advancements in operational efficiency and exploration success, positioning Centerra as a key player in the gold mining industry. The company maintains robust financial health, underpinned by strategic partnerships and a balanced portfolio of assets that ensure steady revenue streams.

For the latest updates and detailed information, visit the company's website at www.centerragold.com or financial disclosure platforms such as SEDAR+ and EDGAR.

News

Centerra Gold Announces 2023 Year-End Mineral Reserves and Resources and Provides Exploration Update

Rhea-AI Summary
Centerra Gold Inc. announces 2023 year-end estimates for mineral reserves and resources, with significant increases in gold mineral reserves and resources at Mount Milligan. The company extends the mine life at Mount Milligan through agreements with Royal Gold, Inc. and plans for future exploration and resource additions.
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Centerra Gold Announces Mount Milligan Mine Life Extension and Additional Agreement with Royal Gold

Rhea-AI Summary
Centerra Gold Inc. announces an additional agreement with Royal Gold, Inc., extending the Mount Milligan Mine life to 2035 and setting the stage for potential future extensions. The agreement unlocks incremental mineral reserves, increases cash payments, and benefits stakeholders. Centerra plans to invest in exploration, a Preliminary Economic Assessment, and site optimization to maximize the mine's potential.
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Centerra Gold Announces Chief Financial Officer Transition

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Centerra Gold Inc. announces the promotion of Ryan Snyder to Executive Vice President and Chief Financial Officer, effective April 8, 2024. Mr. Snyder brings over 15 years of financial management experience in the mining industry and has held key financial roles at various resource companies. He will succeed Darren Millman, who is leaving to pursue another opportunity in the mining industry in Australia. Centerra's President and CEO, Paul Tomory, expressed gratitude for Darren's significant contribution and confidence in Ryan's ability to maintain the company's robust balance sheet and financial discipline.
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Centerra Gold Announces TSX Acceptance of Renewed Normal Course Issuer Bid

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Centerra Gold Inc. has renewed its normal course issuer bid (NCIB) to purchase up to 18,293,896 common shares, representing 8.48% of the company's total issued shares. The NCIB will be in effect from November 7, 2023, to November 6, 2024. Centerra had 215,807,212 issued and outstanding common shares as of October 31, 2023. Daily purchases will be limited to 191,219 common shares, and the timing and amount of purchases will depend on market conditions. The previous NCIB authorized the purchase of up to 15,610,813 common shares and expired on October 12, 2023.
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Centerra Gold Announces Quarterly Dividend of C$0.07 per Common Share

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Centerra Gold Inc. has approved a quarterly dividend of C$0.07 per common share, totaling approximately C$15.0 million or US$11 million. The dividend will be payable on November 29, 2023, to shareholders of record on November 15, 2023. It is an eligible dividend for Canadian income tax purposes.
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Centerra Gold Reports Third Quarter 2023 Results; Significant Free Cash Flow Drives Increased Cash Balance

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Centerra Gold Inc. reported its Q3 2023 operating and financial results, with cash provided by mine operations of $144 million and $36 million from Öksüt and Mount Milligan, respectively. Öksüt produced almost 87,000 ounces in the quarter. Consolidated gold production guidance for 2023 remains between 340,000 to 360,000 ounces. The Thompson Creek Mine restart has positive economics, and strategic options for the Molybdenum Business Unit assets are being evaluated. Operational and technical improvements are being made at Mount Milligan.
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Centerra Gold Provides Notice of Third Quarter 2023 Results and Conference Call

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Centerra Gold Inc. will release its Q3 2023 operating and financial results on October 31, 2023.
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Centerra Gold Announces Strategic Plan Including Thompson Creek Prefeasibility Study Highlights

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Centerra Gold announces strategic plan for assets, capital allocation strategy
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Centerra Gold Announces Extension of Corporate Credit Facility

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Centerra Gold Inc. extends its $400 million credit facility for four years, reducing financing costs and providing future flexibility.
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Centerra Gold Publishes 2022 Environmental, Social and Governance Report

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Centerra Gold Inc. publishes 2022 ESG Report
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FAQ

What is the current stock price of Centerra Gold (CGAU)?

The current stock price of Centerra Gold (CGAU) is $6.6 as of February 4, 2025.

What is the market cap of Centerra Gold (CGAU)?

The market cap of Centerra Gold (CGAU) is approximately 1.4B.

What are the main segments of Centerra Gold Inc.?

Centerra Gold Inc. operates through the Kyrgyz Republic segment (Kumtor Gold Project), Turkish segment (OksUt Project), North American Gold-Copper segment (Mount Milligan Mine), and North American Molybdenum segment (Langeloth processing facility and maintenance activities).

Where is the Kumtor Gold Project located?

The Kumtor Gold Project is located in the Kyrgyz Republic and is one of the major operations of Centerra Gold Inc.

What is included in the North American Molybdenum segment?

The North American Molybdenum segment includes the operations of the Langeloth processing facility and the care and maintenance activities of the Endako and Thompson Creek Mines.

What recent achievements has Centerra Gold made?

Centerra Gold has recently achieved advancements in operational efficiency and exploration success, positioning itself as a key player in the gold mining industry.

How can I get the latest updates on Centerra Gold?

You can get the latest updates on Centerra Gold by visiting their website at www.centerragold.com, or financial disclosure platforms such as SEDAR+ and EDGAR.

What types of metals are produced at the Mount Milligan Mine?

The Mount Milligan Mine, part of the North American Gold-Copper segment, produces both gold and copper.

Is Centerra Gold financially stable?

Yes, Centerra Gold maintains robust financial health, supported by strategic partnerships and a balanced portfolio of assets ensuring steady revenue streams.

What is the OksUt Project?

The OksUt Project is part of Centerra Gold's Turkish segment and represents a significant development in the company's expansion into promising regions.

Who can I contact for investor relations inquiries?

For investor relations inquiries, you can contact Lisa Wilkinson, Vice President, Investor Relations & Corporate Communications, or Lana Pisarenko, Senior Manager, Investor Relations at Centerra Gold.

Where can I find additional financial information about Centerra Gold?

Additional financial information about Centerra Gold can be found on their website at www.centerragold.com, SEDAR+ at www.sedarplus.ca, and EDGAR at www.sec.gov/edgar.
Stock CGAU logo
Centerra Gold Inc.

NYSE:CGAU

CGAU Rankings

#2310 Ranked by Market Cap
#732 Ranked by Dividends

CGAU Stock Data

1.36B
208.59M
0.17%
89.98%
1.38%
Gold
Basic Materials
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United States of America
Toronto