Centerra Gold Inc. ( (CGAU) ) has released its Q4 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, specializes in gold and copper operations with significant projects in North America and Türkiye. The company recently reported its fourth quarter and full-year 2024 results, highlighting strong cash flow and a robust cash position of $625 million.
In the fourth quarter of 2024, Centerra Gold experienced steady production levels, with consolidated gold production reaching 73,224 ounces and copper production at 12.8 million pounds. Despite a net loss of $52.5 million in the quarter, the company achieved adjusted net earnings of $36.6 million. The Mount Milligan and Öksüt mines contributed significantly to the company’s cash flow, generating $92.8 million from operations.
Centerra’s 2025 outlook anticipates a return to normal production levels at Öksüt and continued strong free cash flow across its operations. The company plans to focus on site optimization and strategic opportunities, including the restart of the Thompson Creek Mine. Additionally, Centerra is advancing technical studies at Mount Milligan and Kemess to support future growth.
Looking forward, Centerra Gold remains optimistic about its growth prospects, with management expecting ongoing strong cash flow generation to support strategic initiatives and shareholder returns. The company is committed to optimizing operations and exploring new opportunities to enhance its asset base in 2025.
