24/7 Market News Snapshot 06 May, 2025 – Centerra Gold Inc. (NYSE:CGAU)

May 6, 2025

DENVER, Colo., 06 May, 2025 (www.247marketnews.com) – (NYSE:CGAU) are discussed in this article.
Centerra Gold Inc. is witnessing significant positive momentum in the market, with shares opening at $6.73 and currently trading at $7.175, marking an approximate increase of 10.73%. This rise follows a previous session close at $6.480, indicating increased investor interest. With a trading volume of 987.91K, the strong market activity suggests bullish sentiment, and traders are advised to monitor key technical indicators such as moving averages and RSI to confirm trend strength and identify possible resistance levels.

In addition to this market performance, Centerra Gold has reported promising first-quarter results for 2025, showcasing solid operational and financial metrics. The Company achieved gold production of 59,379 ounces along with 11.6 million pounds of copper. A total of 61,132 ounces of gold were sold at an impressive average realized price of $2,554 per ounce.

President and CEO Paul Tomory expressed enthusiasm regarding the results, highlighting a positive free cash flow from both operations and a strong cash position of $608 million. This financial stability allows Centerra to pursue a share buyback program, authorized by the Board of Directors, permitting the repurchase of up to $75 million in common shares throughout 2025.

Moreover, Centerra is expediting the restart of the Thompson Creek Mine, having committed approximately 14% of the expected capital investment already. The Company is also doubling exploration investments at the Kemess project to between $10 million and $12 million, focusing on promising mineralization with a Preliminary Economic Assessment projected by year-end.

While unexpected grade distributions presented production challenges, the Company maintains its 2025 production guidance. Centerra’s current strategies, combined with a resilient operational framework, position the Company favorably for sustainable growth in the competitive mining landscape.

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