Centerra Gold Q3 profit beats estimates on robust margins

Centerra Gold

28/10/2025 21:09

Overview

Centerra Q3 revenue and adjusted EPS beat analyst expectations, per LSEG data

Company generated $98.7 mln in free cash flow, driven by strong operational performance

Cash balance increased to $562 mln, supporting strategic investments and shareholder returns

Outlook

Centerra expects Goldfield project first production by end of 2028

Company plans to complete Kemess PEA in Q1 2026

Centerra intends to renew NCIB for share repurchases

Result Drivers

ÖKSÜT PERFORMANCE - Higher-than-expected grades at Öksüt boosted gold production, contributing to strong quarterly results

MOUNT MILLIGAN CHALLENGES - Complex mineralization at Mount Milligan led to lower gold grades, but production remained aligned with expectations

ELEVATED METAL PRICES - Elevated metal prices supported robust margins and free cash flow generation

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$395.20 mln
$319.10 mln (2 Analysts)
Q3 Adjusted EPS
Beat
$0.33
$0.16 (6 Analysts)
Q3 EPS
$1.44
Q3 Adjusted Net Income
Beat
$66.40 mln
$49.60 mln (1 Analyst)
Q3 Net Income
$292.20 mln
Q3 Free Cash Flow
$98.70 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the gold peer group is "buy."

Wall Street's median 12-month price target for Centerra Gold Inc is C$15.50, about 2.3% above its October 27 closing price of C$15.15

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release: ID:nGNXCLZcJ

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)