i-80 Gold (IAUX) has announced a significant leadership change with the appointment of Paul Chawrun as Chief Operating Officer, effective April 30. This strategic move is aimed at strengthening the company's executive team.
Paul Chawrun brings extensive experience to i-80 Gold, having previously served as COO and Executive Vice President at Centerra Gold (CGAU, Financial). His industry expertise and leadership skills are expected to be a valuable asset as i-80 Gold continues to advance its growth and operational strategies.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 2 analysts, the average target price for Centerra Gold Inc (CGAU, Financial) is $8.78 with a high estimate of $11.00 and a low estimate of $6.55. The average target implies an upside of 31.17% from the current price of $6.69. More detailed estimate data can be found on the Centerra Gold Inc (CGAU) Forecast page.
Based on the consensus recommendation from 1 brokerage firms, Centerra Gold Inc's (CGAU, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Centerra Gold Inc (CGAU, Financial) in one year is $8.13, suggesting a upside of 21.52% from the current price of $6.69. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Centerra Gold Inc (CGAU) Summary page.
CGAU Key Business Developments
Release Date: February 21, 2025
- Gold Production: Over 73,000 ounces in Q4 2024; full-year production over 167,000 ounces.
- Copper Production: 12.8 million pounds in Q4 2024; full-year production 54 million pounds.
- Free Cash Flow: $47 million in Q4 2024; $480 million generated since June 2023 at Oksut.
- Cash Balance: $625 million at the end of 2024.
- Adjusted Net Earnings: $37 million or $0.17 per share in Q4 2024.
- All-in Sustaining Costs (AISC): $1,296 per ounce in Q4 2024; full-year AISC $1,148 per ounce.
- Revenue from Gold Sales: Average realized price of $2,207 per ounce in Q4 2024.
- Revenue from Copper Sales: Average realized price of $2.88 per pound in Q4 2024.
- Molybdenum Sales: 2.9 million pounds sold at an average price of $22.67 per pound in Q4 2024.
- Share Buybacks: 1.8 million shares repurchased for $12 million in Q4 2024.
- Dividend: CAD0.07 per share declared in Q4 2024.
- 2025 Gold Production Guidance: 270,000 to 310,000 ounces.
- 2025 Copper Production Guidance: 50 million to 60 million pounds.
- 2025 AISC Guidance: $1,400 to $1,500 per ounce.
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
- Centerra Gold Inc (CGAU, Financial) reported strong free cash flow generation in the fourth quarter, driven by robust contributions from Mount Milligan.
- The company ended 2024 with a cash balance of $625 million, providing total liquidity of over $1 billion.
- Mount Milligan's site-wide optimization program has led to reduced operating costs and improved productivity.
- Centerra Gold Inc (CGAU) is advancing key growth catalysts at Mount Milligan and Kemess, with a pre-feasibility study expected in the third quarter of 2025.
- The company remains committed to returning capital to shareholders, with $88 million returned in 2024 through share buybacks and dividends.
Negative Points
- Full-year 2024 gold and copper production at Mount Milligan was below guidance due to lower grades encountered.
- Oksut's 2025 gold production is expected to be lower, with all-in sustaining costs rising due to inflation in Turkey.
- The Goldfield project does not meet requirements for near-term development, leading to an impairment on the asset.
- Consolidated all-in sustaining costs are expected to rise in 2025, driven by lower gold production at Oksut and inflation impacts.
- The molybdenum business unit reported a free cash flow deficit in the fourth quarter, mainly related to spending on the Thompson Creek restart.
