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/Mis Actual Consensu

s s

Estimate

Q3 Beat $395.20 $319.10

Revenue mln mln (2

Analysts

)

Q3 Beat $0.33 $0.16 (6

Adjusted Analysts

EPS )

Q3 EPS $1.44

Q3 Beat $66.40 $49.60

Adjusted mln mln (1

Net Analyst)

Income

Q3 Net $292.20

Income mln

Q3 Free $98.70

Cash mln

Flow

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 ( CGAU ) 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:

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(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.)