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Centerra Gold Halts Langeloth Operations After January 29 Chemical Explosion

Story Highlights
  • Centerra Gold suspended its Langeloth metallurgical operations after a January 29 explosion.
  • The incident caused injuries but no fatalities or significant environmental release, with downtime under review.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Centerra Gold Halts Langeloth Operations After January 29 Chemical Explosion

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An update from Centerra Gold ( (TSE:CG) ) is now available.

On January 29, 2026, Centerra Gold suspended operations at its Langeloth Metallurgical Facility near Pittsburgh, Pennsylvania after an explosion caused by an uncontrolled chemical mixture and uncontained reaction adjacent to the site’s acid plant. The incident resulted in no fatalities, though two contractors were hospitalized with injuries and two employees were taken to hospital as a precaution, and regulators were notified. The company reported no current indication of any significant environmental release and is assessing how long the facility will remain offline, with an update to follow, leaving investors and local stakeholders awaiting clarity on potential operational and financial impacts from the unplanned downtime.

The most recent analyst rating on (TSE:CG) stock is a Buy with a C$30.00 price target. To see the full list of analyst forecasts on Centerra Gold stock, see the TSE:CG Stock Forecast page.

Spark’s Take on TSE:CG Stock

According to Spark, TipRanks’ AI Analyst, TSE:CG is a Outperform.

The score is driven primarily by solid underlying financials (especially low leverage and improving cash generation) and a constructive earnings call highlighting strong free cash flow, liquidity, and reserve/mine-life upgrades. Technicals support the trend but are overheated (very high RSI/Stoch), adding near-term pullback risk. Valuation is supportive with a low P/E and a modest dividend yield.

To see Spark’s full report on TSE:CG stock, click here.

More about Centerra Gold

Centerra Gold Inc. is a Canadian-based gold mining company focused on operating, developing, exploring and acquiring gold and copper properties in North America, Türkiye and other global markets. It operates the Mount Milligan Mine in British Columbia and the Öksüt Mine in Türkiye, owns the Kemess Project in British Columbia and the Goldfield Project in Nevada, and runs a Molybdenum Business Unit in the United States and Canada, with shares listed on the TSX and NYSE.

Average Trading Volume: 943,186

Technical Sentiment Signal: Buy

Current Market Cap: C$5.47B

Learn more about CG stock on TipRanks’ Stock Analysis page.

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