Centerra Gold Inc. ( (CGAU) ) has released its Q3 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 gold and copper properties in North America and Türkiye, with shares trading on the Toronto and New York Stock Exchanges.
In its third quarter of 2024, Centerra Gold Inc. reported consistent operating performance leading to strong cash flow generation, despite significant capital expenditure on the Thompson Creek mine restart. The company maintained a robust cash position, increased share buybacks, and declared a quarterly dividend.
Key financial metrics included consolidated gold production of 93,712 ounces and 13.7 million pounds of copper, with sales outpacing the previous quarter. The company’s net earnings were $28.8 million, with a strong cash flow from operations amounting to $103.6 million. Strategic developments featured a mine life extension at Mount Milligan and operational ramp-ups at Thompson Creek and Langeloth.
Looking forward, Centerra Gold remains focused on executing its strategic plan to unlock value and growth, with expectations to meet full-year production and cost guidance while advancing various projects to enhance its portfolio’s potential.
