Centerra Gold Declares C$0.07 Dividend, Reports Q1 Gold Production of 68,001 Ounces
Centerra Gold approved a quarterly dividend of C$0.07 per share, totalling C$13.9 million (US$10.0 million), payable June 4 to holders of record May 21. In Q1 2026, Centerra produced 68,001 ounces of gold and 14.2 million pounds of copper, ended with US$543 million cash, net earnings of US$79.4 million (US$0.40/share) and returned US$33 million to shareholders.
1. Quarterly Dividend Approval
The Board of Directors approved a quarterly dividend of C$0.07 per common share, representing C$13.9 million (US$10.0 million) in aggregate. The dividend is payable June 4 to shareholders of record as of May 21 and qualifies as an eligible dividend for Canadian income tax purposes.
2. Q1 2026 Operating Results
In the first quarter of 2026, Centerra produced 68,001 ounces of gold (29,572 oz at Mount Milligan; 38,429 oz at Öksüt) and 14.2 million pounds of copper. Gold sales reached 72,935 oz at an average realized price of US$4,172/oz, while copper sales were 14.9 million pounds at US$4.48/lb. Consolidated production costs were US$1,649/oz with all-in sustaining costs of US$1,705/oz.
3. Financial Position and Shareholder Returns
Centerra’s cash balance rose to US$543 million by quarter-end, driven by strong free cash flow from operations. Net earnings were US$79.4 million (US$0.40/share), with adjusted net earnings of US$88.2 million (US$0.44/share). The company invested US$101.6 million in PP&E and returned US$33 million to shareholders through buybacks and dividends.
4. Growth Projects and Outlook
The Kemess Preliminary Economic Assessment underscored the project’s long-term potential as a cornerstone of the growth pipeline. Mount Milligan’s Pre-Feasibility Study is progressing, while development at Thompson Creek (mid-2027) and Goldfield (late 2028) continues on schedule. A Life of Mine Optimization study at Öksüt is expected by year-end 2026.