CGI Price Target Cut to $110.00 at Stifel Canada, on More Conservative Growth Outlook

Centerra Gold Posts Higher Revenue, Adjusted Profit for Fist Quarter; Issues 2026 Production Outlook

Centerra Gold (CG.TO, CGAU) after trade Wednesday reported higher revenue and adjusted profit for the first quarter.The company said its adjusted profit, excluding most one-time items, rose to US$88.2 million, or US$0.44 per share, in the period, up from US$26.4 million, or US$0.13 per share, a year ago. FactSet expected US$0.43 per share.Revenue rose 62% to US$484.7 million from US$299.5 million a year prior. FactSet projected US$373.5 million.Total gold production was 68,001 ounces and copper production was 14.2-million pounds. Gold sales for the quarter were 72,935 ounces at an average price of US$4,172 per ounce, while copper sales were 14.9-million pounds at US$4.48 per pound. These prices include the impact of the Mount Milligan streaming agreement with Royal Gold, the company said."Our financial position strengthened this quarter, with our cash balance increasing to $543 million. This was achieved while we continued to invest in our internal growth pipeline, built working capital at Langeloth, and returned $33 million to shareholders through share buybacks and dividends in the quarter," Chief Executive Paul Tomory said.For 2026, the company expects total gold production of 250,000 to 280,000 ounces and total copper production is projected at 50-million to 60-million pounds.Centerra shares closed down C$0.75 to C$23.90 on the Toronto Stock Exchange.

Methanex Q1 Adjusted Profit Falls 74%, Misses Estimates Despite Higher Revenue

Methanex (MX.TO, MEOH) edged down 0.5% in after-hour Nasdaq trade Wednesday as it reported a 74% year-over-year drop in adjusted net income despite higher revenue, with results missing analysts' estimates.The methanol producer posted adjusted net income, excluding most one-time items, of US$23 million, or US$0.30 per share, down from US$88 million, or US$1.30, a year earlier. The result fell short of FactSet's consensus analyst estimate of US$0.40 per share.Revenue for the quarter ended March 31 rose 8.7% year over year to US$974 million from US$896 million, but US986.6 million missed FactSet analysts' estimate.Adjusted EBITDA was US$220 million, compared with US$186 million in the fourth quarter of 2025.In its outlook, the company reiterated its expectations for 2026 production to be 9.- million tonnes (Methanex interest) of methanol and 0.3 million tonnes of ammonia."Based on our April and May posted prices, we expect that our average realized price range will be approximately (US)$500 to (US)$525 per tonne for these two months. Based on a higher realized price and similar sales of produced methanol, we are expecting significantly higher Adjusted EBITDA in the second quarter," Methanex said."This quarter saw the continuation of safe and reliable operations across our portfolio, including at the recently acquired assets in Beaumont, Texas. The conflict in the Middle East has meaningfully impacted global petrochemical supply chains, including methanol, and this has resulted in a rapid and significant increase in global methanol pricing into the second quarter," chief executive Rich Sumner said."We believe our global asset portfolio will allow us to continue providing unmatched reliability of supply to our customers and we remain focused on delivering on our integration plan, cost-effectively operating our assets and supply chain and continuing our de-leveraging efforts while we navigate an evolving and uncertain macro environment," added Sumner.The company said in the first quarter of 2026, it paid a quarterly dividend of $0.185 per common share for a total of $14 million and repaid $60 million of the outstanding Term Loan A.The company's shares were last seen down US$0.31 to US$63.00 after-hours after closing up C$3.95 at C$86.65 on Toronto Stock Exchange.

Alamos Gold Says "Strong" Margin Expansion Drives Record Cash Flow From Ops and "Solid" Ongoing Free Cash Flow of US$102M