$CGAU

2 stories mentioning CGAUUpdated 1d ago

Every FINWIRES story that references CGAU, newest first.

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

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 millionIn 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 notedIts 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.

$CG.TO$CGAU

Mining & Metals92d ago

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.

$CG.TO$CGAU

Track with the FINWIRES app suite

FolioX

Track CGAU in your portfolio

WheelAI

Analyze CGAU options with the wheel strategy

StockInsider

See market sentiment on CGAU