Centerra Gold Inc. ( (CGAU) ) has released its Q2 earnings. Here is a breakdown of the information Centerra Gold Inc. presented to its investors.
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Centerra Gold Inc., a Canadian-based mining company, operates in the gold and copper sectors with key assets in North America and Türkiye, including the Mount Milligan and Öksüt mines. The company is also advancing projects like Goldfield in Nevada and Kemess in British Columbia.
In its second quarter of 2025, Centerra Gold reported strong operational cash flow, with $98 million generated before changes in working capital and taxes, supported by high commodity prices. The company is actively advancing its Goldfield project, aiming to enhance its gold growth strategy through self-funding.
Key financial highlights include consolidated gold production of 63,311 ounces and copper production of 12.4 million pounds. Net earnings for the quarter were $68.6 million, with adjusted net earnings at $52.7 million. The company increased share buybacks to $27 million, reflecting confidence in its long-term value. Centerra also reported a robust liquidity position with $922.3 million available.
Strategically, Centerra is progressing with the Goldfield project, which promises strong returns with an after-tax NPV of $245 million and an IRR of 30%. The project is expected to start production by the end of 2028, aiming to boost Centerra’s gold production profile significantly.
Looking ahead, Centerra Gold remains focused on its disciplined capital allocation strategy, aiming to enhance shareholder value while advancing its key projects. The management’s outlook emphasizes continued operational efficiency and strategic growth initiatives, particularly in its North American assets.