{"id":872182,"date":"2025-08-06T19:03:00","date_gmt":"2025-08-06T23:03:00","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/centerra-gold-reports-second-quarter-2025-results-reinforced-balance-sheet-strength-with-strong-operational-cash-flow-performance-advancing-the-goldfield-project-and-accelerating-a-self-fu\/"},"modified":"2025-08-06T19:03:00","modified_gmt":"2025-08-06T23:03:00","slug":"centerra-gold-reports-second-quarter-2025-results-reinforced-balance-sheet-strength-with-strong-operational-cash-flow-performance-advancing-the-goldfield-project-and-accelerating-a-self-fu","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/centerra-gold-reports-second-quarter-2025-results-reinforced-balance-sheet-strength-with-strong-operational-cash-flow-performance-advancing-the-goldfield-project-and-accelerating-a-self-fu\/","title":{"rendered":"Centerra Gold Reports Second Quarter 2025 Results;\u00a0Reinforced Balance Sheet Strength with Strong Operational Cash Flow Performance;\u00a0Advancing the Goldfield Project and Accelerating a Self-Funded Gold Growth Strategy"},"content":{"rendered":"
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\n This news release contains forward-looking information about expected future events that is subject to risks and assumptions set out in the \u201cCautionary Statement on Forward-Looking Information\u201d below. All figures are in United States dollars. All production figures reflect payable metal quantities and are on a 100% basis, unless otherwise stated. For references denoted with NG, refer to the \u201cNon-GAAP and Other Financial Measures\u201d disclosure at the end of this news release for a description of these measures.<\/em>\n <\/p>\n

TORONTO, Aug. 06, 2025 (GLOBE NEWSWIRE) — Centerra Gold Inc. (\u201cCenterra\u201d or the \u201cCompany\u201d) (TSX: CG and NYSE: CGAU) today reported its second quarter 2025 operating and financial results.<\/p>\n

President and CEO, Paul Tomory, commented, \u201cIn the second quarter, both Mount Milligan and \u00d6ks\u00fct contributed to a strong $98 million in cash flow from operations before changes in working capital and taxes paid, driven by high commodity prices. At Mount Milligan, we are updating our 2025 gold production and cost guidance ranges as a result of mining in lower grade zones and we are updating our 2025 cost guidance ranges at \u00d6ks\u00fct due to higher royalty costs driven by elevated gold prices and an updated royalty structure that was approved by the Turkish government in July 2025. We maintained a robust financial position, which has enabled Centerra to increase share buybacks to $27 million in the second quarter, up 80% compared to last quarter. In the first half of 2025, in line with our disciplined capital allocation strategy, we have repurchased $42 million of shares, with up to $75 million approved for the full year, which reinforces our confidence in the long-term value of our growing business.\u201d<\/p>\n

Paul Tomory continued, \u201cWe are pleased to be advancing with development and construction at the Goldfield project. Over the last several months, Centerra has undertaken additional technical work and project optimizations that have significantly enhanced Goldfield\u2019s value proposition and have de-risked the project. Favourable gold prices combined with these recent developments have improved the Project\u2019s economics, enabling us to move forward with execution. We believe Goldfield is well positioned to deliver strong returns, including an after-tax net present value (5%) (\u201cNPV5%<\/sub>\u201d) of $245 million and an after-tax internal rate of return (\u201cIRR\u201d) of 30%, using a long-term gold price of $2,500 per ounce and including the impact of gold hedges. The project is expected to be funded from Centerra\u2019s existing liquidity and is located in a top tier mining jurisdiction, with an approximate 7-year mine life, average annual production of 100,000 ounces in peak production years at an all-in sustaining costNG<\/sup> of $1,392 per ounce, and a competitive initial capital cost of $252 million. First production from Goldfield is expected by the end of 2028, which would grow Centerra\u2019s near-term gold production profile, generate robust cash flow and deliver significant value to shareholders. We believe Goldfield to be ideally positioned in our project development pipeline as we continue to advance development of the longer-life Mount Milligan and Kemess gold-copper assets in British Columbia.\u201d<\/p>\n

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\n Second Quarter 2025 Highlights<\/u>
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\n Operations<\/strong>\n <\/p>\n