CGAUNYSEGold and Silver OresUS GAAP · USD

Centerra Gold Inc.

Centerra Gold Inc. is a Canadian-based mining company focused on the exploration, development, and operation of gold and copper properties, with additional molybdenum operations in North America. Its asset base includes producing mines, development projects, and metallurgical facilities in Canada, Türkiye, the United States, and other markets worldwide.

Liikevaihto1 385milj. USD
+14,0 %v/v
Liikevoitto (EBIT)732milj. USD
+318,2 %v/v
EBIT-marginaali52,9%
+38,5 %-yks.v/v
Nettotulos584milj. USD
+626,4 %v/v
Vapaa kassavirta51,9milj. USD
−54,5 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2022–2025

−50005001 0001 500milj. USD2022: 850 milj. USD2022: EBIT −44 milj. USD20222023: 1 095 milj. USD2023: EBIT 14 milj. USD20232024: 1 215 milj. USD2024: EBIT 175 milj. USD20242025: 1 385 milj. USD2025: EBIT 732 milj. USD20251 385732
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Gold production60 %

Gold extracted and sold from the Company's operating mines and projects.

Copper production25 %

Copper produced as a primary or by-product stream at Mount Milligan.

Molybdenum business15 %

Vertically integrated molybdenum mining and roasting operations in the US.

Asiakkaat

Centerra sells mined metals into commodity markets, so its customer base is primarily downstream refiners, traders, and metal purchasers rather than end consumers. Demand is driven by global pricing for gold, copper, and molybdenum, and by the economics of industrial and investment demand in those metals. The business also serves project-level counterparties such as equipment suppliers, contractors, and processing customers connected to mine and facility operations.

Gold and copper buyers

Buy doré, concentrate, or metal-linked output from Centerra's mining operations for refining and resale.

Molybdenum customers

Purchase roasted molybdenum products from US Moly for industrial use in steel and alloys.

Commodity traders

Act as intermediaries or offtake channels for mined metals sold into global markets.

Project and services counterparties

Support exploration, development, processing, and logistics around the Company's mine and plant footprint.

Strategia

Centerra's strategy centers on operating its existing mines, advancing a North American growth pipeline, and maintaining a portfolio with both gold and copper exposure. The company also emphasizes self-funded development opportunities, which can reduce reliance on external financing while extending mine life and replacing reserves.

Optimize operating assetsLyhyt aikaväli

Existing mines generate the cash flow and technical base for the broader portfolio.

Advance organic growth projectsKeskipitkä aikaväli

Kemess and Goldfield provide longer-term production replacement and growth optionality.

Balance commodity exposurePitkä aikaväli

Gold, copper, and molybdenum diversify revenue drivers and end-market exposure.

Maantiede

Centerra's operations are concentrated in North America and Türkiye, with producing mines in British Columbia and Türkiye and a molybdenum platform across the United States and Canada. The company also holds development exposure in British Columbia and Nevada, which broadens its geographic footprint beyond current production. This mix creates exposure to local permitting, labor, power, logistics, and geopolitical conditions across multiple jurisdictions.

Riskit

Centerra is exposed to commodity-price swings because revenue is tied to gold, copper, and molybdenum sales into global markets. Its multi-country mining footprint also creates jurisdictional, permitting, operational, and geopolitical risk, while mining development carries reserve, grade, and project-execution uncertainty. Accounting estimates such as impairments, reclamation obligations, and derivative gains or losses can materially affect reported results.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Commodity price volatility1Jurisdictional and geopolitical exposure2Mine and project execution risk3Impairment and reclamation volatility4
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Commodity price volatilityVaikutus: KorkeaTodennäköisyys: Korkea

    Sales are linked to market prices for gold, copper, and molybdenum, which move with global supply and demand.

    KohdistuuGoldCopperMolybdenum
  2. Jurisdictional and geopolitical exposureVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Operations and projects span Canada, Türkiye, and the United States, each with distinct permitting, tax, and political conditions.

    Kohdistuu: Türkiye and North America

  3. Mine and project execution riskVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Production and project timelines depend on ore grades, strip ratios, plant performance, and development milestones.

    KohdistuuMount MilliganÖksütKemessGoldfieldUS Moly
  4. Impairment and reclamation volatilityVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Asset values and environmental obligations can change with assumptions, reserves, and closure estimates.

    Kohdistuu: Long-lived mining assets and reclamation liabilities

Kirjanpito

Harkinnanvaraiset erät
Reserve and mine-life estimates

These assumptions influence depreciation, depletion, and impairment testing for mining assets.

Vaikutus: Can materially affect asset carrying values and earnings

Reclamation and closure provisions

Mine closure obligations are estimated over long periods and can change with regulatory or technical assumptions.

Vaikutus: Affects liabilities and operating results

Fair value of financial instruments

Unrealized gains and losses on instruments can create earnings volatility unrelated to operations.

Vaikutus: Can move quarterly net earnings materially

Timing of metal sales

Revenue can vary with shipment timing, pricing realization, and product mix across quarters.

Vaikutus: Affects revenue comparability and margin trends

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 28.9.2026