Centerra Gold's Kemess Project Shows Strong Economic Potential
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 05 2025
0mins
Should l Buy CGAU?
Source: Globenewswire
Centerra Gold Inc. saw its stock price rise by 12.59% as it reached a 52-week high amid a broader market decline, with the Nasdaq-100 down 1.49% and the S&P 500 down 1.41%.
The significant price increase is attributed to the updated mineral resource at the Kemess project, which reveals 3.3 million ounces of gold and 1.1 billion pounds of copper, enhancing the project's long-term production potential. Additionally, the preliminary economic assessment indicates a robust after-tax net present value (NPV5%) of $1.1 billion and an internal rate of return (IRR) of 16%, reflecting strong economic leverage as metal prices rise.
This positive development not only supports Centerra's organic growth but also positions the company favorably in a volatile market, highlighting its potential for future profitability as it optimizes project execution and reduces risks.
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Analyst Views on CGAU
Wall Street analysts forecast CGAU stock price to fall
7 Analyst Rating
4 Buy
2 Hold
1 Sell
Moderate Buy
Current: 21.030
Low
12.92
Averages
20.81
High
27.33
Current: 21.030
Low
12.92
Averages
20.81
High
27.33
About CGAU
Centerra Gold Inc. is a Canada-based gold mining company focused on operating, developing, exploring and acquiring gold and copper properties in North America, Turkiye, and other markets worldwide. Centerra operates two mines: the Mount Milligan Mine in British Columbia, Canada, and the Oksut Mine in Turkiye. The Company also owns the Kemess Project in British Columbia, Canada, the Goldfield Project in Nevada, United States, and owns and operates the Molybdenum Business Unit in the United States and Canada. The Mount Milligan Mine is an open pit mine located in north central British Columbia, Canada producing a gold and copper concentrate. The Oksut Mine is located approximately 300 kilometers southeast of Ankara in Turkiye and 48 kilometers south of Kayseri, the provincial capital. The Molybdenum BU includes the Langeloth Facility in Pennsylvania and two North American molybdenum mines: the Thompson Creek Mine in Idaho and the 75%-owned Endako Mine in British Columbia.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Hillsdale Increases Centerra Gold Holdings Significantly
- Share Increase: On February 10, 2026, Hillsdale Investment Management disclosed a purchase of 1,356,660 shares of Centerra Gold, representing an estimated $16.98 million trade, indicating strong confidence in the gold market.
- Value Growth: By the end of 2025, the value of Centerra Gold's stake reached $50.68 million, a $27.57 million increase from the previous period, reflecting both share purchases and stock price gains.
- Outstanding Market Performance: As of February 9, 2026, Centerra Gold shares were priced at $18.59, up 175.4% over the past year, significantly outperforming the S&P 500 by 165.7 percentage points, showcasing the company's strong performance amid the gold rush.
- Optimistic Investment Outlook: Analysts predict gold prices could reach $5,400 by the end of 2026, making Hillsdale's investment strategy particularly relevant in the current macroeconomic uncertainty, with Centerra Gold's stock providing excellent diversification for portfolios.
See More
Hillsdale Increases Stake in Centerra Gold
- Share Acquisition: On February 10, 2026, Hillsdale disclosed the purchase of 1,356,660 shares of Centerra Gold, with an estimated trade value of $16.98 million based on average fourth-quarter 2025 pricing, indicating strong confidence in the gold market.
- Value Appreciation: By quarter-end, the value of Centerra Gold holdings reached $50.68 million, reflecting a $27.57 million increase from the previous period due to both share purchases and stock price appreciation, further solidifying Hillsdale's position in gold investments.
- Asset Allocation: Centerra Gold now represents 0.47% of Hillsdale's reportable AUM and accounts for 1.4% of fund assets, indicating its potential as a portfolio diversifier despite not being among the top five holdings.
- Gold Market Outlook: With gold prices rising approximately 65% in 2025 and continuing to surge 21% in 2026, analysts predict gold could reach $5,400 by the end of 2026, making Hillsdale's investment strategy particularly relevant amid current macroeconomic uncertainties.
See More
Centerra Gold Declares Quarterly Dividend of CAD 0.07 per Share
- Quarterly Dividend Announcement: Centerra Gold declares a quarterly dividend of CAD 0.07 per share, consistent with previous distributions, reflecting the company's stable cash flow and commitment to returning value to shareholders.
- Dividend Payment Timeline: The dividend is payable on March 26, with a record date of March 12 and an ex-dividend date also set for March 12, ensuring shareholders receive their returns promptly.
- Financial Performance Highlights: Centerra Gold reports a non-GAAP EPS of $0.41 and revenue of $401.6 million, showcasing the company's strong financial performance in the current market environment, which boosts investor confidence.
- Future Outlook: The company has initiated its FY26 outlook, indicating confidence in future growth, which is expected to further enhance shareholder value and attract more investor interest.
See More
Centerra Gold Q4 2025 Earnings Highlights
- Strong Financial Performance: Centerra Gold reported a non-GAAP EPS of $0.41 for Q4 2025, with revenue reaching $401.6 million, reflecting a 32.8% year-over-year increase, indicating significant profitability amid rising gold prices.
- Gold and Copper Production: The company produced a total of 70,853 ounces of gold in the fourth quarter, with 44,105 ounces from the Mount Milligan Mine and 26,748 ounces from the Öksüt Mine, alongside copper production of 13 million pounds, showcasing operational stability and efficiency.
- Sales and Cost Analysis: Gold sales totaled 68,143 ounces at an average realized price of $3,415 per ounce, while copper sales reached 12.5 million pounds at $4.69 per pound, with production costs at $1,259 per ounce, demonstrating strong profitability metrics.
- 2026 Outlook: The company anticipates gold production of 250,000 to 280,000 ounces and copper production of 50 to 60 million pounds in 2026, with production costs expected to be $1,500 to $1,600 per ounce, reflecting confidence in future growth and strategic planning.
See More
Centerra Gold Announces Quarterly Dividend
- Quarterly Dividend Approval: Centerra Gold's Board of Directors has approved a quarterly dividend of C$0.07 per common share, totaling approximately C$14.0 million or US$10.2 million, indicating the company's stable cash flow and financial health.
- Dividend Payment Timeline: The dividend will be payable on March 26, 2026, to shareholders of record as of March 12, 2026, ensuring timely returns for investors and enhancing shareholder confidence.
- Dividend Policy Basis: According to Centerra's dividend policy, the timing and amount of dividends will be determined based on the company's operating results, cash flow, financial condition, and capital requirements, reflecting the company's responsiveness to market changes.
- Company Overview: Centerra Gold is a Canadian-based gold mining company focused on operations in North America and Türkiye, operating the Mount Milligan Mine in British Columbia and the Öksüt Mine in Türkiye, showcasing its diversified presence in the global mining market.
See More
Centerra Gold (CGAU) Set to Announce Q4 Earnings with Strong Estimates
- Earnings Announcement: Centerra Gold (CGAU) is scheduled to release its Q4 earnings on February 19th after market close, with a consensus EPS estimate of $0.37, reflecting a substantial year-over-year increase of 117.6%, indicating a significant improvement in profitability.
- Strong Revenue Expectations: The anticipated revenue for Q4 is $360.6 million, representing a 19.2% year-over-year growth, which underscores Centerra Gold's robust performance and sustained demand for its products in the market.
- Historical Performance Review: Over the past two years, CGAU has beaten EPS estimates 75% of the time and revenue estimates 38% of the time, demonstrating the company's reliability in meeting earnings forecasts and bolstering market confidence.
- Forecast Revision Trends: In the last three months, EPS estimates have seen four upward revisions with no downward adjustments, and revenue estimates have experienced one upward revision, reflecting analysts' optimistic outlook on Centerra Gold's future performance.
See More
Hillsdale Increases Centerra Gold Holdings Significantly
- Share Increase: On February 10, 2026, Hillsdale Investment Management disclosed a purchase of 1,356,660 shares of Centerra Gold, representing an estimated $16.98 million trade, indicating strong confidence in the gold market.
- Value Growth: By the end of 2025, the value of Centerra Gold's stake reached $50.68 million, a $27.57 million increase from the previous period, reflecting both share purchases and stock price gains.
- Outstanding Market Performance: As of February 9, 2026, Centerra Gold shares were priced at $18.59, up 175.4% over the past year, significantly outperforming the S&P 500 by 165.7 percentage points, showcasing the company's strong performance amid the gold rush.
- Optimistic Investment Outlook: Analysts predict gold prices could reach $5,400 by the end of 2026, making Hillsdale's investment strategy particularly relevant in the current macroeconomic uncertainty, with Centerra Gold's stock providing excellent diversification for portfolios.
See More
Hillsdale Increases Stake in Centerra Gold
- Share Acquisition: On February 10, 2026, Hillsdale disclosed the purchase of 1,356,660 shares of Centerra Gold, with an estimated trade value of $16.98 million based on average fourth-quarter 2025 pricing, indicating strong confidence in the gold market.
- Value Appreciation: By quarter-end, the value of Centerra Gold holdings reached $50.68 million, reflecting a $27.57 million increase from the previous period due to both share purchases and stock price appreciation, further solidifying Hillsdale's position in gold investments.
- Asset Allocation: Centerra Gold now represents 0.47% of Hillsdale's reportable AUM and accounts for 1.4% of fund assets, indicating its potential as a portfolio diversifier despite not being among the top five holdings.
- Gold Market Outlook: With gold prices rising approximately 65% in 2025 and continuing to surge 21% in 2026, analysts predict gold could reach $5,400 by the end of 2026, making Hillsdale's investment strategy particularly relevant amid current macroeconomic uncertainties.
See More
Centerra Gold Declares Quarterly Dividend of CAD 0.07 per Share
- Quarterly Dividend Announcement: Centerra Gold declares a quarterly dividend of CAD 0.07 per share, consistent with previous distributions, reflecting the company's stable cash flow and commitment to returning value to shareholders.
- Dividend Payment Timeline: The dividend is payable on March 26, with a record date of March 12 and an ex-dividend date also set for March 12, ensuring shareholders receive their returns promptly.
- Financial Performance Highlights: Centerra Gold reports a non-GAAP EPS of $0.41 and revenue of $401.6 million, showcasing the company's strong financial performance in the current market environment, which boosts investor confidence.
- Future Outlook: The company has initiated its FY26 outlook, indicating confidence in future growth, which is expected to further enhance shareholder value and attract more investor interest.
See More
Centerra Gold Q4 2025 Earnings Highlights
- Strong Financial Performance: Centerra Gold reported a non-GAAP EPS of $0.41 for Q4 2025, with revenue reaching $401.6 million, reflecting a 32.8% year-over-year increase, indicating significant profitability amid rising gold prices.
- Gold and Copper Production: The company produced a total of 70,853 ounces of gold in the fourth quarter, with 44,105 ounces from the Mount Milligan Mine and 26,748 ounces from the Öksüt Mine, alongside copper production of 13 million pounds, showcasing operational stability and efficiency.
- Sales and Cost Analysis: Gold sales totaled 68,143 ounces at an average realized price of $3,415 per ounce, while copper sales reached 12.5 million pounds at $4.69 per pound, with production costs at $1,259 per ounce, demonstrating strong profitability metrics.
- 2026 Outlook: The company anticipates gold production of 250,000 to 280,000 ounces and copper production of 50 to 60 million pounds in 2026, with production costs expected to be $1,500 to $1,600 per ounce, reflecting confidence in future growth and strategic planning.
See More
Centerra Gold Announces Quarterly Dividend
- Quarterly Dividend Approval: Centerra Gold's Board of Directors has approved a quarterly dividend of C$0.07 per common share, totaling approximately C$14.0 million or US$10.2 million, indicating the company's stable cash flow and financial health.
- Dividend Payment Timeline: The dividend will be payable on March 26, 2026, to shareholders of record as of March 12, 2026, ensuring timely returns for investors and enhancing shareholder confidence.
- Dividend Policy Basis: According to Centerra's dividend policy, the timing and amount of dividends will be determined based on the company's operating results, cash flow, financial condition, and capital requirements, reflecting the company's responsiveness to market changes.
- Company Overview: Centerra Gold is a Canadian-based gold mining company focused on operations in North America and Türkiye, operating the Mount Milligan Mine in British Columbia and the Öksüt Mine in Türkiye, showcasing its diversified presence in the global mining market.
See More
Centerra Gold (CGAU) Set to Announce Q4 Earnings with Strong Estimates
- Earnings Announcement: Centerra Gold (CGAU) is scheduled to release its Q4 earnings on February 19th after market close, with a consensus EPS estimate of $0.37, reflecting a substantial year-over-year increase of 117.6%, indicating a significant improvement in profitability.
- Strong Revenue Expectations: The anticipated revenue for Q4 is $360.6 million, representing a 19.2% year-over-year growth, which underscores Centerra Gold's robust performance and sustained demand for its products in the market.
- Historical Performance Review: Over the past two years, CGAU has beaten EPS estimates 75% of the time and revenue estimates 38% of the time, demonstrating the company's reliability in meeting earnings forecasts and bolstering market confidence.
- Forecast Revision Trends: In the last three months, EPS estimates have seen four upward revisions with no downward adjustments, and revenue estimates have experienced one upward revision, reflecting analysts' optimistic outlook on Centerra Gold's future performance.
See More
