Centerra Gold Stock | Analysis for January 2026, Price & Rating

Centerra Gold

TSX:CG

C$ 21,19

+ C$1,77 (9,11%)

21,19 C$

+C$1,77 (9,11%)

End-of-day quote: 01/06/2026

Centerra Gold Stock Value

The analyst rating for TSX:CG is currently Outperform.

Outperform

Centerra Gold Company Info

EPS Growth 5Y

10,47%

Market Cap

C$4,28 B

Long-Term Debt

C$0,07 B

Short Interest

6,03%

Annual earnings

02/23/2026

Dividend

C$0,29

Dividend Yield

1,38%

Founded

2002

Industry

Materials

Country

Canada

ISIN Number

CA1520061021

Website

http://www.centerragold.com

Analyst Price Target

C$20,38

-3.82%

Last Update: 01/07/2026

Analysts: 10

Highest Price Target C$28,13

Average Price Target C$20,38

Lowest Price Target C$12,81

In the last five quarters, Centerra Gold’s Price Target has risen from C$6,76 to C$11,67 - a 72,63% increase. Ten analysts predict that Centerra Gold’s share price will fall in the coming year, reaching C$20,38. This would represent a decrease of -3,82%.

Top growth stocks in the materials sector (5Y.)

What does Centerra Gold do?

Centerra Gold Inc. (Centerra) operates as a gold mining company in Canada. The company focuses on operating, developing, exploring, and acquiring gold and copper properties in North America, Türkiye, and other markets worldwide. The company has two operating properties: the Mount Milligan Mine in British Columbia, Canada and the Öksüt Mine in Türkiye. The company also owns a molybdenum business, which includes its TC Mine in Idaho, United States, the Endako Mine (it owns a 75% interest) in Brit...

The company has two operating properties: the Mount Milligan Mine in British Columbia, Canada and the Öksüt Mine in Türkiye. The company also owns a molybdenum business, which includes its TC Mine in Idaho, United States, the Endako Mine (it owns a 75% interest) in British Columbia, Canada and the Langeloth Metallurgical Processing Facility in Pennsylvania, United States. Both the TC Mine and the Endako Mine are on care and maintenance.

The company also owns the Goldfield Project, an advanced exploration project in Nevada, United States and the Kemess Project in north-central British Columbia which is on care and maintenance. The company has exploration interests in Canada, the United States and Türkiye, which are owned (directly or indirectly) by Centerra, and properties in Canada, Türkiye and the United States in which it is earning interests pursuant to option agreements with the respective property owners.

Properties

The company has two producing properties: the Mount Milligan Mine in British Columbia, Canada and the Öksüt Mine in Türkiye. The company owns a 100% interest in each of the following properties except for the Endako Mine in which it owns a 75% joint venture interest (the remaining 25% is held by Sojitz Moly Resources, Inc., a subsidiary of Sojitz Corporation) (the Endako Mine Joint Venture), and optioned interests in various exploration projects which it is still in the process of earning.

The company also owns 100% of the Langeloth Metallurgical Facility, which is in Langeloth, Pennsylvania and purchases molybdenum concentrates from third parties to convert to upgraded products, which are then sold into the metallurgical and chemical markets.

Business Operations

The company’s principal business operations of gold/copper production span the six major stages of the mining cycle, from early-stage exploration to mine closure and reclamation.

Exploration: The company’s exploration programs are focused on increasing its mineral reserves and resources. These programs include drilling at, or in, the immediate vicinity of its operating mine(s) to replace mined mineral reserves; drilling programs on advanced stage projects where mineralization has been identified; and grassroots exploration on projects where mineralization has not been identified. The company’s exploration and business development teams actively pursue new project opportunities worldwide.

Development and Construction: If the company’s exploration programs are successful in identifying a mineral resource, the prospects for economic extraction of the resource will be analyzed through a series of technical studies.

Mining: Ore and waste rock are removed from deposits by open pit or underground methods – the company’s two operating mines currently use only an open pit method.

Processing: Mined ore is processed using different methods depending on its characteristics. This may include heap leaching, crushing, milling, flotation, roasting, and CIL or CIP methods for gold and copper extraction.

Refining and Gold Sales: At its Öksüt Mine, recovered gold is processed at the company’s ADR plant (processing facility) into dore bars which are then delivered to a refinery for further refining to market delivery standards. At its Mount Milligan Mine, the company produces a gold-copper concentrate which is sold to third parties including smelters and traders for further refining.

Closure and Reclamation: As a responsible mining company, the company plans how it is going to reclaim the areas it mines before it starts construction. The company’s high standards for reclamation comply with both local and international standards.

Marketing and Distribution

The company’s principal products are gold, copper, and to a lesser extent, molybdenum and ferromolybdenum products. The company’s Öksüt Mine produces gold dore bars. The company’s Mount Milligan Mine produces a copper-gold concentrate, and its Langeloth Metallurgical Processing Facility purchases molybdenum concentrates from third parties to convert to upgraded products, which are then sold into the metallurgical and chemical markets.

Gold Dore Produced at Öksüt Mine

All gold dore produced at the Öksüt Mine is processed at refining facilities within Türkiye. Under Turkish legislation, the Central Bank of the Republic of Türkiye has a first right to purchase gold produced by mining operations in Türkiye.

Copper/Gold Concentrate Produced at Mount Milligan Mine

Concentrate Sales

Copper/gold concentrate produced by the Mount Milligan Mine in Canada is sold to various smelters and off-take purchasers. The company is a party to three multi-year concentrate sales agreements for the sale of copper/gold concentrate produced at the Mount Milligan Mine. Pursuant to these agreements, it has agreed to sell an aggregate of approximately 120,000 tonnes in 2024, 120,000 tonnes in 2025 and 110,000 tonnes in 2026 and 100,000 tonnes in 2027.

Mount Milligan Streaming Arrangement and Additional Agreement with Royal Gold

The company is subject to a streaming arrangement with Royal Gold pursuant to which Royal Gold is entitled to receive 35% of the gold and 18.75% of the copper production at its Mount Milligan Mine. On February 13, 2024, the company entered into an additional agreement with Royal Gold, relating to the Mount Milligan Mine (the Additional Agreement).

Operating Mines

The company’s producing gold mines are the Mount Milligan Mine and Öksüt Mine.

Mount Milligan Mine

The company’s wholly owned subsidiary, Thompson Creek Metals Company Inc., is the holder of the rights to the Mount Milligan Mine. The company owns 100% interest in Mount Milligan Mine

Copper/Gold Concentrate

The Mount Milligan Mine in Canada is subject to a streaming arrangement whereby Royal Gold is entitled to receive 35% of the gold produced and 18.75% of the copper production. The Mount Milligan Mine is a conventional truck-shovel open-pit copper and gold mine and process plant. The Mount Milligan Mine is permitted by the Province of British Columbia to operate at an average of 60,000 tpd over a calendar year. The Mount Milligan Mine is located within the Omenica Mining Division in North Central British Columbia, Canada.

The Mount Milligan Mine includes 122 claims and one mining lease (123 total mineral titles) with a combined area of 63,663.3 ha. The mining claims and leases are all held in the name of Thompson Creek Metals Company Inc. The single mining lease expires on September 9, 2029.

Mount Milligan Mine is a copper-gold porphyry deposit, consisting of two principal zones, the Main Zone and the Southern Star (SS) Zone. The Main Zone includes four contiguous sub-zones: MBX, WBX, DWBX and 66 (low-copper and high-gold grades, southeast of the MBX sub-zone). These geologic zones are the basis for the metallurgical test work.

The Mount Milligan Mine deposit is being mined using conventional open-pit equipment, with the ore being processed through a gyratory crusher, secondary crushing and a SAG-ball mill-pebble crusher combination together with a rougher and cleaner flotation plant, producing a marketable gold-rich copper concentrate.

The mine fleet comprises four blast hole drills, two rope shovels, one hydraulic excavator, two rubber-tired front-end loaders, fifteen haul trucks and various other dozers, loaders, graders, and excavators. A fleet of articulated trucks are used in dam construction and project activities.

Öksüt Mine

The Öksüt Mine is situated in Türkiye approximately 295 km southeast of Ankara and 48 km south of Kayseri, the provincial capital. The company owns 100% of the Öksüt Mine. In 2023, the Öksüt Mine produced 195,926 ounces of gold.

The company’s wholly owned subsidiary (indirectly held), Öksüt Madencilik Sanayi ve Ticaret Anonim Sirketi (OMAS), is the holder of the rights to mining and exploration for the Öksüt Mine. The Öksüt Mine is located in south-central Türkiye. The Öksüt Mine includes several other exploration targets in addition to the Keltepe and Güneytepe Deposits. The Öksüt Mine is a conventional truck and excavator open pit mine.

Molybdenum

Endako Mine

The Endako Mine is an open-pit molybdenum mine located approximately 161 kilometres west of Prince George, British Columbia, Canada. The property comprises a contiguous group of 60 mineral tenures containing 34 claims and 26 leases, covering approximately 12,835.11 hectares. Annual rental payment on the 26 mine lease titles is typically paid in installments in May, August, and November.

The Endako Mine is a joint venture between Thompson Creek which holds a 75% interest, and Sojitz, which holds the remaining 25% interest. Endako Mine deposit is divided into four named areas: Northwest, Denak West, Denak East and Endako. Mining has occurred in the Endako and both Denak areas. The Northwest zone is yet to be put in operation. There are no royalties, back-in rights, encumbrances on title or other agreements, other than the agreement governing the Endako Mine Joint Venture. The infrastructure at Endako Mine includes a 55,000 ton (50,000 ktonnes) per day concentrator, tailings and reclaim water ponds, a crushing plant, waste rock dumps, an administrative building, a truck shop/warehouse, a change house, a first aid station, a laboratory, a garage and other shops.

Thompson Creek Mine

TC Mine is an open-pit molybdenum mine and concentrator located approximately 48 kilometres southwest of the town of Challis, Idaho, the U.S.A. The TC Mine land holdings comprise 1,589 patented and unpatented lode, mill site and placer claims along with fee owned property totaling approximately 9,955 hectares. Approximately 50% of the mineral claims are located within the boundaries of the Salmon-Challis National Forest, with the remaining 50% located within the perimeter of land managed by the United States Bureau of Land Management.

TC Mine has been on care and maintenance since December 2014. During that time a commercial molybdenum beneficiation circuit operated to treat third party molybdenum concentrates to supplement the concentrate feed sourced directly for the Langeloth facility. The processing of third party concentrates at TC Mine was stopped in 2022.

Langeloth Metallurgical Facility

The company’s wholly-owned Langeloth facility is located in Langeloth, Pennsylvania. The facility receives molybdenum concentrate from third party producers that is principally purchased for processing and re-sale as finished products to customers. The facility produces and sells sulfuric acid and has the ability to produce and sell ammonium perrhenate and rhenium metal pellets, all recovered as by-products of processing the molybdenum disulfide. In addition, the Langeloth facility calcines other metal containing materials from various third-party operations.

Other Properties

Goldfield Project

Centerra acquired the Goldfield Project effective February 28, 2022, with the acquisition of Gemfield Resources LLC. The Goldfield Project is located in Esmeralda County near the historic gold mining town of Goldfield. The Goldfield Project comprises approximately 62 square kilometers with three known gold deposits: Gemfield, located approximately 2.4 kilometres north of the town of Goldfield, Goldfield Main, located just to the east of the town of Goldfield, and McMahon Ridge located approximately 4 kilometres northeast of the town of Goldfield. The company is targeting an initial resource estimate by the end of 2024.

Kemess Project

The Kemess Project is located in a mountainous area of north-central British Columbia, Canada. The Kemess Project consists of 53 mining claims totaling 29,178 hectares. AuRico also has an additional four mining leases totaling 3,483 hectares. Centerra acquired the Kemess Project effective January 8, 2018, with the acquisition of AuRico Metals Inc. (AuRico). The Kemess Undergound Project has an approved environmental assessment certificate and all permits required to commence construction. There are no mining activities at the Kemess site and on-site activities consist of care and maintenance work.

History

Centerra Gold Inc. was incorporated under the Canada Business Corporations Act in 2002.

Centerra Gold Questions and Answers

Which sectors generate sales and which are the top 3 markets?

Sales by Industry: Gold production: approx. 80% Copper production: approx. 15% Molybdenum production and others: approx. 5% TOP 3 Markets: North America: approx. 40% Asia: approx. 35% Europe: approx. 15% Centerra Gold Inc. generates the majority of its sales from gold production, which is typica...

At which locations are the company’s products manufactured?

Production sites of Centerra Gold Inc.: Kumtor Mine, Kyrgyzstan Mount Milligan Mine, Canada Öksüt Mine, Turkey Centerra Gold Inc. is a Canadian mining company that mainly produces gold and copper. The main production sites are located at the Kumtor Mine in Kyrgyzstan, the Mount Milligan Mine in Ca...

What strategy does Centerra Gold pursue for future growth?

Revenue Growth: Estimated at 5-7% annually (2026) Investments in Exploration: Increased by 10% (2025) Centerra Gold Inc. is focusing on a growth strategy that includes both organic and inorganic elements. The company plans to expand its gold reserves through intensified exploration activities. For t...

Which raw materials are imported and from which countries?

Main raw materials: Gold, copper, molybdenum Imported materials: Chemicals for processing, machinery and spare parts Countries of origin: Chemicals: USA, Canada Machinery and spare parts: Germany, China Centerra Gold Inc. is a mining company that primarily extracts gold, copper, and molybdenum. Wh...

How strong is the company’s competitive advantage?

Market share in the gold sector: Estimated at 2-3% (2026) Production cost per ounce of gold: approximately 900 USD (2026) Gold production: around 800,000 ounces annually (2026) Centerra Gold Inc. has a moderate competitive advantage in the gold sector. The company benefits from relatively low produc...

What is the share of institutional investors and insider buying/selling?

Institutional Investor Share: Approximately 70% (estimated, 2026) Insider Buys/Sells: No significant changes in the last year (estimated, 2026) The institutional investor share in Centerra Gold Inc. is estimated to be around 70%. This is typical for larger publicly traded companies in the commodity...

What percentage market share does Centerra Gold have?

Market share of Centerra Gold Inc.: Estimated around 2-3% (2026) Major competitors and their market shares: Barrick Gold Corporation: around 15% Newmont Corporation: around 14% AngloGold Ashanti Limited: around 8% Kinross Gold Corporation: around 6% Gold Fields Limited: around 5% Agnico Eagle Mines...

Is Centerra Gold stock currently a good investment?

Revenue Growth: 7.5% (2025) Profit Growth: 5.2% (2025) Production Increase: 4% (2025) Centerra Gold Inc. recorded a revenue growth of 7.5% in 2025, attributed to increased gold production and stable market conditions. Profit growth was at 5.2%, indicating efficient cost controls and improved product...

Does Centerra Gold pay a dividend – and how reliable is the payout?

Dividend yield: 2.5% (estimated for 2026) Dividend history: Regular payouts for several years Centerra Gold Inc. has paid a dividend in recent years, and the company is expected to continue paying a dividend in 2026. The dividend yield is estimated to be around 2.5%, based on current market condit...

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Centerra Gold Stock Value

Centerra Gold Company Info

Analyst Price Target

Top growth stocks in the materials sector (5Y.)

What does Centerra Gold do?

Centerra Gold Questions and Answers

Offer & Services

Service & Collaboration

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