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Centerra Gold Inc. (CGAU)
:CGAU
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.19Last Year’s EPS
0.28Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2018
|% Change Since: -17.09%
|Next Earnings Date:Aug 01, 2018
Earnings Call Sentiment|Positive
The earnings call reflected strong operating and financial performance, with significant progress in strategic projects and ESG initiatives. However, there were concerns about cost pressures and inventory build-up affecting future quarters.Company Guidance
On the Centerra Gold third quarter 2024 earnings call, the company reported producing over 93,000 ounces of gold and 13.7 million pounds of copper, maintaining its consolidated production and cost guidance for the year. The company experienced margin expansion due to stable costs and elevated metal prices, resulting in strong free cash flow generation. Even after a capital expenditure of approximately $32 million for restarting operations at Thompson Creek, cash and cash equivalents grew to $604 million. Significant progress was noted in the U.S. Molybdenum Operations, with an after-tax NPV of $472 million and a 22% IRR estimated from the Thompson Creek and Langeloth projects. The company also reported cost efficiencies at Mount Milligan, with milling costs reduced by 12% year-over-year, and maintained unchanged cost guidance ranges for 2024. The financial highlights included adjusted net earnings of $39 million, with a strong free cash flow generation of $37 million for the quarter. Centerra maintained its capital return strategy, repurchasing 1.7 million shares for $12 million and declaring a CAD 0.07 per share dividend, with total liquidity positioned at $1 billion.Consistent Operating Performance
Produced over 93,000 ounces of gold and 13.7 million pounds of copper in Q3. On track to meet consolidated production and cost guidance for the year.
Strong Financial Position
Returned to strong free cash flow generation, with cash and cash equivalents growing to $604 million by the end of Q3.
Molybdenum Operations Value
Restart of Thompson Creek and Langeloth projects with an expected after-tax NPV of $472 million and a 22% IRR.
Mount Milligan Optimization
Gold and copper sales increased by 46% and 21% quarter-over-quarter, with expected higher production in Q4.
ESG Achievements
Collaborated with First Nation partners and won 11 awards for social responsibility efforts.
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CGAU 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
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CGAU Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $7.02 | $6.47 | -7.83% |
| Aug 01, 2024 | $6.45 | $6.58 | +2.02% |
| May 14, 2024 | $6.35 | $6.38 | +0.47% |
| Feb 22, 2024 | $4.99 | $4.94 | -1.00% |
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.
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FAQ
When does Centerra Gold Inc. (CGAU) report earnings?
Centerra Gold Inc. (CGAU) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is Centerra Gold Inc. (CGAU) earnings time?
Centerra Gold Inc. (CGAU) earnings time is at Feb 20, 2025, TBA Not 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 CGAU EPS forecast?
CGAU EPS forecast for the fiscal quarter 2024 (Q4) is 0.19.
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