Centerra Gold Inc. Earnings Recaps
Q3 2026
Nov 3, 2026
Centerra’s shares rose 0.7% after earnings, a roughly flat reaction. Operations were generally tracking to plan, while the transcript highlighted lower Mount Milligan cost guidance and progress on growth projects without disclosing enough results here to assess the full quarter.
Key takeaways
- Mount Milligan produced more than 44,000 ounces of gold, up 15% from the prior quarter, and 12.8 million pounds of copper. Both metals remain aligned with the mine plan.
- Centerra said Mount Milligan remains on track for 2026 guidance of 140,000–155,000 ounces of gold and 50–60 million pounds of copper; strong copper byproduct credits allowed it to lower full-year all-in sustaining cost guidance.
- Ixig production is tracking in line with its previously increased full-year production guidance and original cost guidance ranges.
- The company repurchased $53 million of shares in Q3, bringing year-to-date buybacks to $125 million.
- Goldfield has all major permits in place for the Gemfield deposit, which represents approximately 80% of the project’s life-of-mine production; first production is expected in late 2028.