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CGAU News
CGAU Events
Centerra Gold Executive David Hendriks Departs, Mike Sylvestre Interim COO
Centerra Gold (CGAU) announces that David Hendriks, Executive Vice President and COO, will be leaving the company. He will remain available to the company in a consulting capacity to support a smooth transition. Mike Sylvestre will assume the responsibilities of COO on an interim basis, effective March 30. Sylvestre is a mining executive with over 45 years of international experience and has held leadership roles at major, mid-tier and junior mining companies. He most recently served as Senior Vice President, Americas at Kinross Gold (KGC), retiring in 2022.
Sees 2026 Copper Production at 50-60 Mlb
Sees 2026 copper production 50-60 Mlb. from 50Mlb. in 2025. Sees 2026sustaining CapEx $85M-$105M and non-sustaining CapEx $260M-$315M.
Thompson Creek Q4 Revenue $401.6M Exceeds Expectations
Reports Q4 revenue $401.6M, consensus $360.6M. Q4 gold production was 70,853 ounces. CEO Paul Tomory, commented, "In Q4, we delivered strong production and outperformed our cost guidance, reflecting solid operational execution at Mount Milligan and Oksut...We ended the year with a cash balance of $529M and an equity investment portfolio valued at over $115M. This demonstrates our disciplined capital allocation strategy and highlights our ability to continue investing in the Thompson Creek restart project and our broader organic growth pipeline, including Mount Milligan, Kemess and Goldfield, while returning record capital to shareholders including $30M in share buybacks in Q4 and a consistent quarterly dividend of $10M. Looking ahead to 2026, our production and cost guidance reflect stable operating performance across our portfolio...We expect our operations to continue generating strong cash flow in 2026, providing the financial flexibility to advance our growth project pipeline while returning capital to shareholders...With Mount Milligan, Kemess, Goldfield and the Thompson Creek restart project, we have a clear line of sight to value-accretive, lower-risk growth that can be funded from available liquidity and future cash flows from operations, allowing us to maintain our disciplined approach to capital allocation."
Centerra Gold Suspends Operations at Langeloth Facility in Pennsylvania
Centerra Gold has suspended operations at its Langeloth Metallurgical Facility near Pittsburgh, Pennsylvania following an explosion on January 29, 2026, which was a result of an uncontrolled mixture of chemicals leading to an uncontained chemical reaction adjacent to the acid plant. No fatalities were reported, but two contractors were taken to hospital with injuries, and two employees were taken to hospital for precautionary reasons. Presently, there is no indication of a significant environmental release. The relevant regulatory agencies and authorities have been notified. The Company is currently assessing Langeloth's estimated downtime and will provide an update when more information is available.
Centerra Gold Receives Amended Environmental Assessment for Mount Milligan Mine
Centerra Gold confirmed that its Mount Milligan Mine, located in central British Columbia, has received an amended environmental assessment and all related permits to allow for the continuation of its operations through 2035. These authorizations include a 10% expansion in plant throughput beginning in 2028 and increased stockpile capacity needed for plant feed flexibility. In January 2025, Mount Milligan was selected by the Province of British Columbia as one of four mining projects which would qualify for expedited permitting to support economic development in the province. Centerra continues to progress engineering and other studies to support future permit authorizations which will be required to achieve the recently announced mine life extension of Mount Milligan to 2045 as outlined in a Pre-Feasibility Study.
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