Overview

* Centerra Q2 2025 revenue misses analyst expectations

* Q2 Adjusted EPS beats estimates, per LSEG data

* Company net earnings rise 82% to $68.6 mln, driven by high commodity prices

* Centerra increases share buybacks to $27 mln, up 80% from last quarter

Outlook

* Centerra updates 2025 gold production guidance at Mount Milligan to 145-165 koz

* Company revises 2025 gold production costs at Mount Milligan to $1,350-$1,450/oz

* Centerra reaffirms 2025 copper production guidance at 50-60 Mlbs

* Company expects first production from Goldfield by end of 2028

Result Drivers

* HIGH COMMODITY PRICES - Centerra's Q2 cash flow from operations driven by elevated gold and copper prices

* LOWER GRADE MINING - Mount Milligan's production costs increased due to mining in lower grade zones

* HIGHER ROYALTY COSTS - Öksüt's costs rose due to elevated gold prices and updated royalty structure

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Miss $288.30 $293.60

Revenue mln mln (2

Analysts

)

Q2 Beat $0.26 $0.17 (9

Adjusted Analysts

EPS )

Q2 EPS $0.33

Q2 Beat $52.70 $38.70

Adjusted mln mln (1

Net Analyst)

Income

Q2 Net $68.60

Income mln

Q2 Free -$25.60

Cash mln

Flow

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 2 "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 ( CGAU ) is C$12.50, about 19.8% above its August 5 closing price of C$10.03

* The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release:

(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.)