Centerra Gold (CGAU) Delivers Strong 2025 Performance with Surpassing Gold, Copper Production

Centerra Gold Inc. (NYSE:CGAU) is one of the best Canadian stocks to buy under $20. On February 20, Centerra Gold reported full-year 2025 production of over 275,000 ounces of gold and 50 million pounds of copper, ending the year with a strong cash balance of $529 million. For Q4, the company achieved adjusted net earnings of $83 million, or $0.41 per share, and generated $12 million in free cash flow.

Strategic milestones included extending the Mount Milligan mine life to 2045 and securing permits through 2035. However, the company faced operational hurdles, such as an explosion at the Langeloth metallurgical facility that led to a temporary suspension and inventory build-up. Additionally, the Thompson Creek restart project saw a capital cost increase of 5% to 10% due to inflation and maintenance requirements.

For 2026, Centerra Gold Inc. (NYSE:CGAU) issued gold production guidance of 250,000 to 280,000 ounces and copper guidance of 50 million to 60 million pounds. Capital expenditure for the coming year is forecasted between $85 million and $105 million for sustaining capital, with non-sustaining investments estimated at $260 million to $350 million.

Centerra Gold Inc. (NYSE:CGAU) operates, develops, explores, and acquires gold and copper properties in North America, Turkey, and internationally. It also owns and operates a molybdenum business unit, which includes a metallurgical processing facility and two primary molybdenum properties.

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