Centerra Gold Q2 2026 earnings rise as higher realized gold and copper prices lift mine operating profit, company says

Reuters2026/07/28 21:02

By:Reuters

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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, increased copper sales lifted revenue to USD 442.7 million.
Higher royalty costs at Öksüt, higher production costs at Mount Milligan, 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.
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.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Centerra Gold Inc. published the original content used to generate this news brief on July 28, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Centerra Gold Q2 2026 earnings rise as higher realized gold and copper prices lift mine operating profit, company says

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