Centerra Gold (TSE:CG)
TSX:CG
Earnings Data
Report Date
Apr 29, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.61Last Year’s EPS
0.18Same Quarter Last Year
Moderate Buy
Based on 8 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong operational execution, healthy cash generation, ample liquidity, and a visible, self-funded growth pipeline (Mount Milligan, Kemess, Goldfield, Thompson Creek), together with record shareholder returns. These positives are tempered by a temporary but material disruption at the Langeloth facility, increased capital requirements (notably at Thompson Creek), and higher 2026 AISC guidance driven largely by royalties and inflationary pressures at Oksut. On balance the company highlighted more strategic and financial gains than setbacks and emphasized the ability to fund growth and returns from existing resources.Company Guidance
Consolidated Production Outperformed Guidance
Full-year 2025 consolidated production exceeded guidance with over 275,000 ounces of gold and 50 million pounds of copper, surpassing the midpoint of the company's gold production guidance range.
Strong Cost Performance and AISC Outperformance
Full-year 2025 consolidated all-in sustaining costs (AISC) on a byproduct basis were $1,614/oz, outperforming the guidance range. Mount Milligan full-year AISC was $1,194/oz (below guidance) and Q4 AISC at Mount Milligan was $913/oz, 38% lower quarter-over-quarter.
Robust Liquidity and Balance Sheet
Year-end cash balance was $529 million with total liquidity of $929 million and over $115 million in equity investments, supporting self-funded growth and capital returns.
Record Capital Returned to Shareholders
Centerra returned a record $135 million to shareholders in 2025, including $94 million in buybacks (approximately 5% of outstanding shares) and $41 million in dividends; Q4 repurchases were 2.3 million shares for $30 million and a dividend of $0.07/share was declared.
Strong Quarterly and Annual Cash Generation
Q4 2025 cash flow from operations was $103 million and free cash flow $12 million; full-year cash from operations was $349 million with $95 million free cash flow. Mount Milligan generated $85 million cash from operations and $54 million free cash flow in Q4; Oksut generated $57 million and $44 million respectively.
Kemess PEA — Large Resource and Compelling Economics
Kemess updated mineral resource: indicated 3.3 million oz Au & 1.1 billion lbs Cu; inferred 3.6 million oz Au & 1.2 billion lbs Cu. PEA supports a 15-year initial mine plan with average annual production of 171,000 oz Au and 61 million lbs Cu, AISC of $971/oz, after-tax NPV $1.1 billion and IRR 16% at $3,000/oz Au & $4.50/lb Cu. Project value rises to $2.8 billion at $4,500/oz Au & $6.00/lb Cu (approx +155% valuation uplift).
Mount Milligan Permitting and Throughput Upside
Mount Milligan received required permits to operate through 2035, including a permitted 10% plant throughput increase beginning in 2028 and expanded stockpile capacity; permitting was completed in under one year.
Progress on Growth Pipeline and Self-Funding
Company is advancing multiple organic growth projects (Mount Milligan PFS, Goldfield development commenced, Kemess PEA/updated resource, Thompson Creek restart) and expects to fund these from existing liquidity and operational cash flow.
Thompson Creek Restart Progress
Restart advancing with ~27% of infrastructure refurbishment complete. Non-sustaining CapEx in Q4 and FY 2025 were $51 million and $134 million respectively; project remains on track for production in mid-2027.
Strong Realized Metal Prices and Sales
Q4 realized prices averaged $3,415/oz gold and $4.69/lb copper. Q4 sales exceeded 68,000 oz gold and 12.5 million lbs copper, supporting earnings and cash flow.
TSE:CG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TSE:CG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 19, 2026 | C$25.94 | C$25.98 | +0.15% |
Oct 28, 2025 | C$15.21 | C$15.60 | +2.62% |
Aug 06, 2025 | C$10.14 | C$10.23 | +0.88% |
May 06, 2025 | C$8.74 | C$10.11 | +15.68% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Centerra Gold (TSE:CG) report earnings?
Centerra Gold (TSE:CG) is schdueled to report earning on Apr 29, 2026, Before Open (Confirmed).
What is Centerra Gold (TSE:CG) earnings time?
Centerra Gold (TSE:CG) earnings time is at Apr 29, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:CG EPS forecast?
TSE:CG EPS forecast for the fiscal quarter 2026 (Q1) is 0.61.