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. (NYSE: CGAU, TSX: CG) is a Canadian-based gold mining company whose news flow reflects operating performance, project development and capital allocation decisions across its gold, copper and molybdenum businesses. The company operates the Mount Milligan Mine in British Columbia, Canada, and the Öksüt Mine in Türkiye, and owns the Kemess Project in British Columbia, the Goldfield Project in Nevada, and a Molybdenum Business Unit in the United States and Canada.
The news stream for Centerra Gold covers quarterly and annual operating and financial results, including gold and copper production volumes, sales, unit costs and cash flow metrics. Releases also discuss factors influencing results, such as metal prices, mine performance and capital expenditures at assets like Mount Milligan, Öksüt and Thompson Creek. Investors following CGAU news can see how these factors affect earnings, liquidity and the company’s ability to fund its growth pipeline.
Another key theme in Centerra’s news is project development. The company publishes updates on technical studies and economic assessments, such as the Pre-Feasibility Study for Mount Milligan and the technical study for the Goldfield Project in Nevada. These announcements describe mine life, production profiles, capital requirements and project economics, and outline how projects like Goldfield and Kemess fit into Centerra’s broader gold growth strategy.
Capital allocation and shareholder returns are also frequent topics. News releases describe quarterly dividends, renewals of the normal course issuer bid, and share repurchases, along with commentary on how these actions align with the company’s financial position and priorities. For ongoing insight into CGAU, this news page aggregates company announcements, operational updates, technical report filings and other disclosures that shape Centerra Gold’s outlook.
Centerra Gold (NYSE: CGAU) held its 2025 Annual Meeting of Shareholders with a strong turnout of 76.22% of common shares represented. All eight nominated directors were successfully elected with overwhelming support, each receiving over 98% approval. KPMG LLP was reappointed as the company's auditor with 95.92% of votes in favor. The shareholders also approved a non-binding resolution on executive compensation with 98.66% support.
Centerra Gold operates two mines: the Mount Milligan Mine in British Columbia, Canada, and the Öksüt Mine in Türkiye. The company also owns the Kemess Project, the Goldfield Project in Nevada, and operates the Molybdenum Business Unit in the United States and Canada.
Centerra Gold Inc. (NYSE: CGAU) has declared a quarterly dividend of C$0.07 per common share, totaling approximately C$14.6 million (US$10.1 million). The dividend will be paid on June 5, 2025, to shareholders of record as of May 22, 2025. This dividend qualifies as an eligible dividend for Canadian tax purposes. The company's Board of Directors determines dividend payments based on factors including operating results, cash flow, financial conditions, capital requirements, and general business conditions.
Centerra Gold (NYSE: CGAU) reported its Q1 2025 results with net earnings of $30.5 million ($0.15 per share). The company produced 59,379 ounces of gold and 11.6 million pounds of copper, with gold sales at an average realized price of $2,554/oz and copper at $3.80/lb. The company maintained a strong cash position of $608 million.
Key highlights include Board approval for up to $75 million in share repurchases for 2025, with $14.9 million already spent in Q1. The company declared a quarterly dividend of C$0.07 per share. Centerra is advancing its Kemess project, with updated mineral resources of 2.7 million ounces of indicated and 2.2 million ounces of inferred gold resources, plus significant copper resources. The company doubled its 2025 Kemess exploration guidance to $10-12 million.
The company maintains its 2025 production guidance of 270-310K gold ounces and expects stronger production in H2 2025 due to increasing grades. The Thompson Creek restart is progressing with 14% of capital investment complete.
Centerra Gold (TSX: CG) (NYSE: CGAU) has announced key upcoming investor events for Q1 2025. The company will release its first quarter 2025 operating and financial results before market opening on Tuesday, May 6, 2025, followed by a conference call and webcast at 9:00 a.m. Eastern Time.
The company will also hold its Annual Meeting of Shareholders on the same day at 11:00 a.m. Eastern Time in a virtual-only format via live audio webcast. The meeting materials and financial statements have been made available on the company's website, SEDAR+, and EDGAR platforms.
Centerra Gold Inc. (TSX: CG) (NYSE: CGAU) has announced the filing of its 2024 annual report on Form 40-F with the U.S. Securities and Exchange Commission. The filing includes the company's 2024 annual information form (AIF), annual audited financial statements, and management's discussion and analysis (MD&A).
These documents are accessible through multiple channels: via EDGAR (www.sec.gov), SEDAR+ (www.sedarplus.ca), and the company's website (www.centerragold.com). Additionally, shareholders can request free hard copies of the annual audited financial statements with accompanying notes.
Centerra Gold (NYSE: CGAU) has announced key executive changes, with David Hendriks appointed as Executive Vice President and Chief Operating Officer, effective April 15, 2025. He succeeds Paul Chawrun, who will depart on March 31, 2025.
Hendriks brings over 30 years of mining industry experience, most recently serving as Senior Vice President of Nicaraguan Operations at Calibre Mining, where he led multi-site operations and production growth initiatives. His previous roles include senior leadership positions at Kinross Gold, managing gold mining operations in Nevada and Mauritania.
CEO Paul Tomory acknowledged Chawrun's contributions since 2022, particularly highlighting his role in implementing the Mount Milligan site optimization program and commitment to safe operations. The company emphasizes that Hendriks' appointment aligns with their focus on operational excellence, efficiency enhancement, and sustainable growth.
Centerra Gold (TSX: CG) (NYSE: CGAU) has declared a quarterly dividend of C$0.07 per common share, totaling approximately C$14.7 million or US$10.2 million. The dividend will be paid on March 27, 2025, to shareholders of record as of March 13, 2025. This dividend qualifies as an eligible dividend for Canadian tax purposes.
The company's Board of Directors determines dividend distributions based on various factors, including operating results, cash flow, financial conditions, capital requirements, and general business conditions.
Centerra Gold (NYSE: CGAU) has announced its 2024 year-end mineral reserves and resources estimates. The company reported 3.5 million ounces of proven and probable gold reserves and 1,150 million pounds of copper reserves as of December 31, 2024. Measured and indicated gold resources stood at 6.8 million ounces, including an initial 706,000 ounces at the Goldfield Project.
At Mount Milligan, the company successfully extended mine life to 2036 by increasing storage capacity for potential acid generating waste. At Kemess, the company is evaluating restart options including combined open pit and conventional underground operations. The Goldfield Project showed mid-60% run-of-mine recoveries but doesn't meet requirements for near-term development.
The company's 2024 exploration program completed 72.3 kilometers of drilling across various sites. For 2025, Centerra plans exploration expenditures of $35-45 million, focusing on brownfield exploration at Mount Milligan and Kemess.
Centerra Gold reported Q4 and full-year 2024 results with consolidated gold production of 368,104 ounces, near the low end of guidance. Q4 production was 73,224 ounces of gold and 12.8 million pounds of copper. The company ended 2024 with $625 million in cash and total liquidity over $1 billion.
Q4 2024 financial highlights include net loss of $52.5 million ($0.25 per share), adjusted net earnings of $36.6 million ($0.17 per share), and free cash flow of $47 million. Full-year 2024 saw net earnings of $80.4 million ($0.38 per share) and free cash flow of $138.6 million.
For 2025, Centerra projects gold production of 270,000-310,000 ounces and copper production of 50-60 million pounds. The company expects consolidated gold production costs of $1,100-$1,200 per ounce and AISC of $1,400-$1,500 per ounce. Mount Milligan's mine life has been extended to 2036.