Canada · Delayed Price · Currency is CAD Centerra Gold Earnings Call Transcripts
Fiscal Year 2025
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Strong operational and financial performance in 2025, with gold and copper output exceeding guidance, robust cash flow, and record capital returns. Growth projects advanced, while 2026 guidance reflects stable production and disciplined cost management.
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Q3 2025 saw strong free cash flow, robust gold and copper production, and a cash balance over $560 million. Mount Milligan's mine life was extended, Öksüt outperformed, and all growth projects remain fully funded, with capital returns to shareholders ongoing.
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Strong Q2 results driven by high gold and copper prices, with robust liquidity supporting organic growth projects. Goldfield project advances on improved economics, while updated guidance reflects higher costs at Mount Milligan and Öksüt.
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The meeting covered director elections, auditor appointment, and executive compensation, with all motions carried. Two new directors joined, two retired, and no shareholder questions were raised during the session.
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Q1 2025 saw positive free cash flow at both operations, strong liquidity, and unchanged 2025 guidance. Key growth projects at Mount Milligan and Kemess advanced, with significant exploration and development milestones expected this year.
Fiscal Year 2024
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Steady Q4 operations delivered strong free cash flow, with Mount Milligan and Öksüt driving results. 2025 guidance anticipates lower gold output and higher costs, but robust liquidity supports growth projects and continued shareholder returns.
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Q3 2024 saw strong gold and copper production, robust free cash flow, and a $604M cash balance. Guidance remains unchanged, with Mount Milligan and Öksüt performing within expectations, and major growth projects advancing.
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Restarting Thompson Creek and ramping up Langeloth are expected to deliver $472 million NPV and $50 million annual EBITDA, leveraging integrated operations and strong molybdenum market fundamentals. Capital needs are covered by cash flow, with future growth focused on gold.
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Solid Q2 operating performance with consistent cash flow, unchanged 2024 guidance, and key project milestones ahead. Mount Milligan and Öksüt production on track, while Molybdenum Business Unit advances integration plans. $592M cash and $992M liquidity support ongoing strategy.