Centerra Gold Reports Q3 2026 Revenue Growth Driven by Mount Milligan Production
Centerra Gold (CGAU) reported strong third-quarter 2026 financial results, highlighted by a 27% year-over-year revenue increase to $500.2 million. Adjusted net earnings reached $71.8 million, or $0.37 per share, supported by robust production at the Mount Milligan and ksut operations. Gold production at Mount Milligan rose 15% compared to the previous quarter, while AISC for that site decreased significantly due to higher copper byproduct credits. The company is making steady progress on its development pipeline, with the Thompson Creek project now 75% complete. Looking ahead, Centerra has secured major permits for the Gemfield deposit at Goldfield, with first production targeted for late 2028. Despite facing inflationary pressures in Turkey and labor cost increases in British Columbia, the company maintains a strong liquidity position of $998 million to support its growth strategy and capital return programs.
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