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Centerra Gold Reports First Quarter 2026 Results; Strong Free Cash Flow Drives Increased Cash Balance, Supporting Self-Funded Growth Strategy and Shareholder Returns
This news release contains forward-looking information about expected future events that is subject to risks and assumptions set out in the “Cautionary
About this update from Centerra Gold Inc.
[{"type":"text","content":" This news release contains forward-looking information about expected future events that is subject to risks and assumptions set out in the “Cautionary Statement on Forward-Looking Information” 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 “Non-GAAP and Other Financial Measures” disclosure at the end of this news release for a description of these measures. TORONTO, April 29, 2026 (GLOBE NEWSWIRE) -- Centerra Gold Inc. (“Centerra” or the “Company”) (TSX: CG and NYSE: CGAU) today reported its first quarter 2026 operating and financial results. President and CEO, Paul Tomory, commented, “Centerra delivered a strong start to the year, with production performing in line with plan across our operations. Mount Milligan delivered results consistent with our recently published Pre-Feasibility Study and full-year guidance, while Öksüt delivered a strong quarter driven by higher than planned grades, supporting robust free cash flow generation across both sites. Our financial position strengthened this quarter, with our cash balance increasing to $543 million. This was achieved while we continued to invest in our internal growth pipeline, built working capital at Langeloth, and returned $33 million to shareholders through share buybacks and dividends in the quarter.” Paul Tomory continued, “We remain focused on advancing our disciplined, self-funded growth strategy, leveraging the strength of our balance sheet and cash flow generation. In the first quarter, we announced the results of the Kemess Preliminary Economic Assessment, highlighting the long-term potential of the project which remains a cornerstone of our future growth pipeline. We also continue to progress key initiatives across our portfolio, including delivering on the Mount Milligan Pre-Feasibility Study, ongoing development work at both Thompson Creek and Goldfield, which are expected to achieve first production in mid-2027 and late 2028, respectively, and the Life of Mine Optimization study at Öksüt which is expected by the end of 2026. Together, these growth projects position Centerra to deliver sustainable value for shareholders over the long term.” First Quarter 2026 Highlights Operations Production: In the first quarter...