Centerra Gold reports Q4 adjusted EPS 17c, consensus 18c

Reports Q4 revenue $302.4M, consensus $316.92M. President and CEO, Paul Tomory, commented, “In the fourth quarter, we had steady gold and copper production and ended 2024 near the low end of our production guidance range. At Oksut, we benefited from elevated production in 2024 by processing inventory that was accumulated during the shutdown in 2022 and 2023 to achieve over 200,000 ounces. Since the restart of operations in June 2023, Oksut generated close to $550 million in cash provided from operations and over $480 million in free cash flowNG. We generated strong free cash flow at both operations in the fourth quarter, driven by robust contributions from Mount Milligan, which increased our cash and cash equivalents to $625 million. We ended the year with a strong cash balance even after returning close to $90 million to shareholders and initiating capital spending at Thompson Creek, which remains on track with the feasibility study.”