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CGAU

Centerra Gold Inc.

CGAU

Centerra Gold Inc. • NYSE
$13.28 ▲ 2.71% (+0.35)
Market Cap $2.76 B
52w High $13.30
52w Low $5.41
Dividend Yield 0.20%
P/E 8.25
Volume 422.20K
Outstanding Shares 207.66M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $395.163M ▲ $-191.664M ▼ $292.188M ▲ 73.941% ▲ $1.42 ▲ $390.852M ▲
Q2-2025 $288.343M ▼ $30.953M ▼ $68.573M ▲ 23.782% ▲ $0.33 ▲ $97.378M ▲
Q1-2025 $299.499M ▼ $33.637M ▼ $30.454M ▲ 10.168% ▲ $0.15 ▲ $84.016M ▼
Q4-2024 $302.387M ▼ $216.465M ▲ $-52.498M ▼ -17.361% ▼ $-0.26 ▼ $108.048M ▲
Q3-2024 $323.927M $52.48M $28.792M 8.888% $0.14 $95.573M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $568.228M ▲ $2.69B ▲ $750.525M ▲ $1.939B ▲
Q2-2025 $522.34M ▼ $2.317B ▲ $613.588M ▼ $1.704B ▲
Q1-2025 $611.9M ▼ $2.309B ▲ $649.038M ▲ $1.66B ▲
Q4-2024 $627.803M ▲ $2.265B ▼ $609.217M ▲ $1.656B ▼
Q3-2024 $608.316M $2.334B $589.658M $1.745B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $292.188M ▲ $161.653M ▲ $-87.819M ▼ $-34.378M ▲ $39.456M ▲ $98.642M ▲
Q2-2025 $68.573M ▲ $25.305M ▼ $-72.615M ▼ $-38.524M ▼ $-85.834M ▼ $-25.578M ▼
Q1-2025 $30.454M ▲ $58.611M ▼ $-48.567M ▼ $-26.543M ▼ $-16.499M ▼ $10.044M ▼
Q4-2024 $-52.498M ▼ $92.774M ▼ $-47.489M ▲ $-24.952M ▼ $20.333M ▲ $47.007M ▲
Q3-2024 $28.792M $103.639M $-67.436M $-24.286M $11.917M $37.461M

Five-Year Company Overview

Income Statement

Income Statement Revenue has been rebuilding after a dip earlier in the period, with the last year showing a clear step up in both sales and profitability. Margins have improved meaningfully versus the weak years in the middle of the track record, but they are still not as strong as the earlier peak period. Net results swung from solid profits to notable losses and then back to a modest profit more recently, highlighting how sensitive the business is to gold and copper prices, as well as to operational issues at key mines. Overall, the trend over the last couple of years is one of recovery and better cost control, but with a history that shows earnings can be quite volatile.

Balance Sheet

Balance Sheet The balance sheet looks conservative and resilient. Total assets have edged down over time, but not dramatically, while shareholder equity has also trended lower, suggesting impairments, payouts, or asset rationalization rather than aggressive expansion. Cash makes up a meaningful portion of total assets, and financial debt is very small, giving the company a net cash profile and flexibility to fund projects without heavy reliance on lenders. This combination of good liquidity and low leverage is a key strength, especially in a cyclical, capital‑intensive industry.

Cash Flow

Cash Flow Cash generation from operations has been positive in most years, though it has fluctuated with metal prices and mine performance. Free cash flow has generally been positive as well, aside from a tough year in the middle of the period, showing that after funding necessary investment the company usually has cash left over. Capital spending has been significant but not excessive, with a heavier investment phase earlier and more moderate levels recently. Overall, the cash flow picture supports the idea of a business that can mostly fund itself, but with swings that mirror the volatility seen in earnings.

Competitive Edge

Competitive Edge Centerra positions itself as a relatively low‑cost producer with operations in generally stable jurisdictions such as Canada, the U.S., and Türkiye. Its mix of gold with copper and molybdenum provides some diversification and exposure to metals tied to the energy transition, which can help offset pure gold price risk. A strong balance sheet, disciplined capital allocation, and a clear pipeline of projects (including life extensions and new developments) underpin its competitive stance. On the risk side, the company still relies heavily on a few core assets, faces the usual permitting and community‑relations challenges of mining, and remains exposed to swings in commodity prices and operating costs like energy and labor.

Innovation and R&D

Innovation and R&D The company’s “innovation” is primarily about doing conventional mining better rather than inventing new technologies. It focuses on optimizing mine plans, improving processing recoveries, and tightening cost control at existing operations, as seen in the site‑wide optimization at Mount Milligan and tailored processing strategies at projects like Goldfield and Kemess. It is also re‑thinking mining methods to be more flexible and capital‑efficient. ESG practices are woven into how projects are planned and run, which can lower long‑term risk even if it is not traditional R&D. The trade‑off is that there is less of a technological edge and more dependence on disciplined execution and continuous improvement to sustain advantages.

Summary

Centerra Gold comes across as a financially cautious gold and copper producer that has weathered a difficult mid‑period and is now in a phase of earnings and cash‑flow recovery. The balance sheet is a clear strong point, with plenty of cash and very low debt providing resilience and room to invest. Operationally, results show the typical volatility of a mining business, but recent years indicate better cost control and more consistent cash generation. Strategically, the company leans on low‑cost operations in relatively safe jurisdictions, an ESG‑driven culture, and a visible project pipeline rather than breakthrough technology. Future performance will largely depend on how well it executes its growth projects, maintains cost discipline, and navigates commodity price cycles and permitting or community risks at key sites.

NEWS

November 5, 2025 · 5:00 PM UTC

Centerra Gold Announces TSX Acceptance of Renewed Normal Course Issuer Bid

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October 28, 2025 · 5:01 PM UTC

Centerra Gold Announces Quarterly Dividend of C$0.07 per Common Share

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October 28, 2025 · 5:00 PM UTC

Centerra Gold Reports Third Quarter 2025 Results; Strong Production at Öksüt and Higher Metal Prices Boosted Cash Balance to $562 Million; Financial Strength Drives Centerra's Self-Funded Growth Strategy; Board Chair Transition Underscores Continued Leadership Strength

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October 21, 2025 · 5:00 PM UTC

Centerra Gold Files Technical Report for the Mount Milligan Mine

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October 10, 2025 · 8:30 AM UTC

Kestrel Partner Centerra Drilling Results at QCM Gold Property

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