{"id":986064,"date":"2026-07-28T17:38:54","date_gmt":"2026-07-28T21:38:54","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/centerra-gold-reports-second-quarter-2026-results-strong-operational-performance-drives-increased-oksut-production-guidance-the-company-expands-share-buybacks-to-200-million-in-2026-and-continues-e\/"},"modified":"2026-07-28T17:38:54","modified_gmt":"2026-07-28T21:38:54","slug":"centerra-gold-reports-second-quarter-2026-results-strong-operational-performance-drives-increased-oksut-production-guidance-the-company-expands-share-buybacks-to-200-million-in-2026-and-continues-e","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/centerra-gold-reports-second-quarter-2026-results-strong-operational-performance-drives-increased-oksut-production-guidance-the-company-expands-share-buybacks-to-200-million-in-2026-and-continues-e\/","title":{"rendered":"Centerra Gold Reports Second Quarter 2026 Results; Strong Operational Performance Drives Increased \u00d6ks\u00fct Production Guidance; The Company Expands Share Buybacks to $200 Million in 2026 and Continues Execution of its Self-Funded 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, July 28, 2026 (GLOBE NEWSWIRE) — Centerra Gold Inc. (\u201cCenterra\u201d or the \u201cCompany\u201d) (TSX: CG and NYSE: CGAU) today reported its second quarter 2026 operating and financial results.<\/p>\n

President and CEO, Paul Tomory, commented, \u201cWe delivered another quarter of strong operational execution across our portfolio. Mount Milligan continued to perform in line with plan, and \u00d6ks\u00fct delivered a strong first half of 2026, resulting in a 9% increase to its gold production guidance for the year. Both sites generated robust cash flow from operations during the quarter and we continued to see healthy operating margins which were supported by disciplined cost management and strong operational execution, even in the lower gold price environment.\u201d<\/p>\n

Paul Tomory continued, \u201cDuring the second quarter, we completed $50 million in share buybacks and the Board of Directors approved up to $200 million in share repurchases for the full year 2026, reinforcing our commitment to shareholder returns. These actions reflect the strength of our balance sheet, our ability to generate cash flow and our disciplined approach to capital allocation. We also extended and upsized our revolving credit facility to $600 million, at better pricing, further enhancing our financial flexibility.\u201d<\/p>\n

Paul Tomory concluded, \u201cAcross our project development portfolio, we continue to make good progress. At Thompson Creek, we achieved our highest mining rate during the quarter, marking another important milestone since the project restarted in September 2024. We remain on track for first molybdenum production in mid-2027 and expect the project to be delivered within our capital cost estimate. Molybdenum prices continue to trend well above the assumptions used in our Feasibility Study, reinforcing the attractive economics of this project. We also continue to advance Goldfield towards first production in late 2028, the Kemess Pre-Feasibility Study towards completion in mid-2027, and the \u00d6ks\u00fct Life of Mine Optimization study, which we expect to publish in early 2027 with our year-end disclosures. With a high-quality project pipeline, predominantly in North America, we remain focused on executing our self-funded growth strategy to deliver sustainable, long-term value for shareholders.\u201d<\/p>\n

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\n Second Quarter 2026 Highlights<\/u>
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\n Operations<\/strong>\n <\/p>\n