Q1 2025 Centerra Gold Inc Earnings Call Transcript
Key Points
- Centerra Gold Inc (CGAU) generated positive free cash flow at both operations in the first quarter.
- The company maintained a strong cash position of $608 million, ensuring financial flexibility.
- Centerra Gold Inc (CGAU) plans to repurchase up to $75 million of its shares in 2025, demonstrating a commitment to returning capital to shareholders.
- The updated resource at Kemess shows robust mineralization, with significant gold and copper resources.
- The company is advancing key growth initiatives, including the Mount Milligan PFS and Kemess PEA, which are expected to unlock significant value.
- Gold and copper production in the first quarter was lower than planned due to lower grades at Mount Milligan and Oksut.
- All-in sustaining costs on a byproduct basis were higher compared to the last quarter, driven by increased costs and lower sales.
- The molybdenum business unit experienced a free cash flow deficit, mainly due to spending on the Thompson Creek restart.
- The company faces potential impacts from US tariffs on its operations, particularly at the Langeloth facility.
- There is uncertainty regarding the timeline and costs associated with the development of the Kemess project.
Thank you for standing by. This is the conference operator. Welcome to the Centerra Gold's first quarter 2025 conference call. As a reminder, all participants are in a listen-only mode and the conference is being recorded. After the presentation, there will be an opportunity to ask questions. (Operator Instruction)
I would now like to turn the conference call over to Ms. Lisa Wilkinson, Vice President, Investor Relations and Corporate Communications with Centerra Gold. The floor is yours, ma'am.
Thank you, operator and good morning, everyone. Welcome to Centerra Gold's first quarter 2025 results conference call. Joining me on the call today are Paul Tomory, President and Chief Executive Officer; Ryan Snyder, Chief Financial Officer and David Hendriks, our new Chief Operating Officer.
Our news published this morning outlines our first quarter 2025 results and should be read alongside our MD&A and financial statements, which are available on
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