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Centerra Gold Reports Higher Q2 Profit, Raises Oksut Gold Production Guidance

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Centerra Gold (CG.TO, NYSE: CGAU) after the close on Tuesday announced second-quarter net earnings of $0.40 per share, or $79.3 million, compared to $0.26, or $52.7 million, in the prior year period.

Analysts on FactSet expected $0.39 per share.

Revenue during the period ended on June 30 stood at $442.7 million compared to $288.3 million in the same period last year. FactSet expected a revenue of $394.3 million

In the second quarter, the company said consolidated gold production was 70,727 ounces, including 38,175 ounces from the Mount Milligan Mine and 32,552 ounces from the Oksut Mine. The company increased its 2026 gold production guidance for Oksut to between 120,000 and 135,000 ounces, from the previous range of 110,000 to 125,000 ounces. Canterra said it remains on track to achieve its 2026 copper production guidance of 50 to 60 million pounds.

Meanwhile second-quarter gold sales were 72,114 ounces at an average realized gold price of $3,437 per ounce and copper sales were 13.4 million pounds at an average realized copper price of $5.30 per pound, the company noted

Its board also approved a quarterly dividend of C$0.07 per common share - approximately C$13.7 million or $9.7 million in aggregate.

Company's shares edged lower $0.06 to $16.01 at last look in after-hours trading in the US. They closed down C$0.58 to C$22.70 on Toronto Stock Exchange.

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