05:15 PM EDT, 08/06/2025 (MT Newswires) -- Centerra Gold ( CGAU ) shares were last seen up 1.7% in after-hours New York trading after the companyh on Wednesday said its second-quarter adjusted profit rose 14% as it said it will move forward on construction of its Goldfield project in Nevada.

The company said its adjusted profit, excluding most one-time items, rose to US$52.7 million, or US$0.33 per share, up from US$46.4 million, or US$0.18, in the year-prior quarter.

Revenue rose 2% to US$288.3 million.

The company said gold sales in the quarter fell 26% to 61,335 ounces, but its average price per ounce rose 47% to US$3,280 per ounce.

The company also gave the go-ahead for construction of its Goldfield project, as a report showed improved economics for the project, which could begin production in 2028.

"We are pleased to be advancing with development and construction at the Goldfield project. Over the last several months, Centerra has undertaken additional technical work and project optimizations that have significantly enhanced Goldfield's value proposition and have de-risked the project. Favourable gold prices combined with these recent developments have improved the Project's economics, enabling us to move forward with execution," chief executive Paul Tomory said in a release.

Centerra shares were last seen up US$0.13 to US$7.59 after hours. They closed up $0.25 to $10.28 on the Toronto Srock Exchange.