Centerra Gold Q2 2026 earnings rise as higher realized gold and copper prices lift mine operating profit, company says
CGAU•Costs and taxes increase
Higher royalty costs at Öksüt, higher production costs at Mount Milligan, and higher molybdenum input costs at Langeloth pushed cost of sales higher.
Income tax swung to an expense of USD 54.2 million from a USD 2.2 million recovery, reflecting higher taxable income at the two gold mines.
Cash flow and working capital
Operating cash flow rose to USD 66.2 million, offset by a USD 46.5 million working-capital drag at Langeloth tied to inventory build-up during the shutdown.
Q2 earnings and revenue rise on stronger realized prices
Centerra Gold posted Q2 2026 net earnings of USD 72.1 million, up from USD 68.6 million, as mine operating earnings rose to USD 159 million.
Higher gold ounces sold, stronger realized gold prices at Mount Milligan and Öksüt, higher realized copper prices, and increased copper sales lifted revenue to USD 442.7 million.
