Centerra Gold Inc. (NYSE: CGAU) reported second quarter 2026 net earnings of $72.1 million, or $0.37 per share, on revenue of $442.7 million, up 54% from $288.3 million in the same period of 2025, according to a company press release.

Consolidated gold production totaled 70,727 ounces in the quarter, with 38,175 ounces from the Mount Milligan Mine in British Columbia and 32,552 ounces from the Öksüt Mine in Türkiye. Copper production was 13.1 million pounds. Gold was sold at an average realized price of $3,437 per ounce and copper at $5.30 per pound.

Citing Öksüt's performance in the first half of 2026, the company raised its full-year gold production guidance for that mine by approximately 9% at the midpoint, to 120,000–135,000 ounces from the prior range of 110,000–125,000 ounces. Consolidated 2026 gold production guidance was raised to 260,000–290,000 ounces from 250,000–280,000 ounces.

The board of directors approved up to $200 million in share repurchases for full-year 2026. The company repurchased 2,924,400 shares for $49.7 million in the second quarter, bringing the year-to-date total to $72.2 million. A quarterly dividend of C$0.07 per share was also declared.

On July 15, 2026, Centerra amended its revolving credit facility, increasing its capacity to $600 million from $400 million and extending the maturity to July 2030. Total liquidity as of June 30, 2026, adjusted for the expanded facility, stood at $1.05 billion.

At the Thompson Creek Mine in Idaho, the company reported its highest mining rate since the project restarted in September 2024, with 12.4 million tons mined in the quarter. The project remains on track for first molybdenum production in mid-2027 within a capital cost estimate of $425–$450 million. Capital spending on the Goldfield gold project in Nevada was increased to a guided range of $60–$70 million for 2026, up from $30–$40 million, due to accelerated site preparation work, while the overall project capital estimate remains at $252 million.

Centerra also appointed Kelly Strong as Executive Vice President and Chief Operating Officer, effective August 17, 2026.