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Centerra Gold Reports Third Quarter 2025 Results; Strong Production at Öksüt and Higher Metal Prices Boosted Cash Balance to $562 Million; Financial Strength Drives Centerra's Self-Funded Growth Strategy; Board Chair Transition Underscores Continued Leadership Strength
This news release contains forward-looking information about expected future events that is subje...
About this update from Centerra Gold Inc.
[{"type":"text","content":"Centerra Gold Reports Third Quarter 2025 Results; Strong Production at Öksüt and Higher Metal Prices Boosted Cash Balance to $562 Million; Financial Strength Drives Centerra’s Self-Funded Growth Strategy; Board Chair Transition Underscores Continued Leadership Strength\n\n\n\n\n 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.\n \n\n\n TORONTO, Oct. 28, 2025 (GLOBE NEWSWIRE) -- Centerra Gold Inc. (“Centerra” or the “Company”) (TSX: CG and NYSE: CGAU) today reported its third quarter 2025 operating and financial results.\n \n\n President and CEO, Paul Tomory, commented, “This quarter, Centerra sustained robust margins and generated nearly $100 million in free cash flow, driven by strong operational performance at Öksüt and elevated metal prices. Our cash balance increased to $562 million in the quarter, demonstrating our ability to fund the Thompson Creek restart project while returning $32 million of capital to shareholders through share buybacks and a quarterly dividend. We also continued to deploy capital strategically through our equity investment in Liberty Gold Corp., reflecting our balanced approach to growth and value creation.”\n \n\n Paul Tomory continued, “Our self-funded growth strategy continues to advance across multiple fronts. In September, we published the Mount Milligan Pre-Feasibility Study results, which outlined a 10-year mine life extension to 2045 with a disciplined, fully funded $186 million growth capital plan, most of which will not be required until the early-to-mid-2030s. We also expect to publish a Preliminary Economic Assessment for Kemess in the first quarter of 2026. Together, these assets form a robust pipeline of long-life gold and copper projects in British Columbia, while our recently announced Goldfield project in Nevada, provides...