CGAU Stock Recent News

Centerra Gold finished the last quarter with $400 million on the balance sheet and expects strong production in H2 2023. The company is focused on restarting the Thompson Creek mine and selling its Molybdenum Business Unit. CGAU's two producing assets, Mt Milligan and Öksüt, are expected to have strong operational performance and generate significant cash flow.

Second-quarter earnings continue and, so far, the results have been pretty good, but there are some stocks to dump because they didn't pull their weight. According to FactSet, 80% of companies listed on the benchmark S&P 500 index have reported better than expected earnings per share, and 64% have reported revenue that was higher than forecast.

(Kitco News) - Centerra Gold (TSX: CG) (NYSE: CGAU) yesterday reported Q2 2023 gold production of 61,622 ounces, up 44% compared to Q2 2022 (42,728 ounces).

Centerra Gold Inc. (NYSE:CGAU ) Q2 2023 Earnings Conference Call August 1, 2023 9:00 AM ET Company Participants Lisa Wilkinson - Vice President-Investor Relations & Corporate Communications Paul Tomory - President & Chief Executive Officer Paul Chawrun - Chief Operating Officer Darren Millman - Chief Financial Officer Conference Call Participants Fahad Tariq - Credit Suisse Dalton Baretto - Canaccord Ovais Habib - Scotiabank Michael Siperco - RBC Capital Markets Anita Soni - CIBC World Markets Mike Parkin - National Bank Operator Thank you for standing by. This is the conference operator.

TORONTO, July 10, 2023 (GLOBE NEWSWIRE) -- Centerra Gold Inc. (“Centerra” or “the Company”) (TSX: CG) (NYSE: CGAU) will release its second quarter 2023 operating and financial results after the market closes on Monday, July 31, 2023. The Company will host a conference call and webcast to discuss the results on Tuesday, August 1, 2023, at 9:00 a.m. Eastern Time.

The company's mine in Turkey is a significant contributor to profits at Centerra. Management plans to resume production in the coming weeks.

(Kitco News) - Centerra Gold receives EIA approval for Öksüt, expects to restart full operations in the coming weeks

The company received a key approval for the Oksut Mine in Turkey. In addition, an analyst upgraded Centerra Gold's stock.

The results of the election in Turkey have helped de-risk the stock.

Centerra Gold incurred a big loss in its first quarter. Main production at one of its mines has been suspended for more than a year now.