Centerra Gold Inc. operates, develops, explores, and acquires gold and copper properties in North America, Turkey, and internationally. It also owns and operates a molybdenum business unit comprising a metallurgical processing facility and two primary molybdenum properties. Its principal assets include the Mount Milligan gold-copper mine in British Columbia, Canada; the Öksüt gold mine in Türkiye; the Kemess project in British Columbia, Canada; the Goldfield District project in Nevada, United States; the Thompson Creek Mine in Idaho; and a 75% interest in the Endako Mine in British Columbia, Canada. The company was incorporated in 2002 and is headquartered in Toronto, Canada.
Kenorland Completes Top-Up Right Issuing 45,794 Shares to Sumitomo and Centerra
Kenorland Minerals Ltd. has completed the exercise of the top-up right held by Sumitomo Metal Mining Canada Ltd. and Centerra Gold Inc., issuing an aggregate of 45,794 shares at a price of $2.498 per share for aggregate gross proceeds of $114,393.41. Of that total, 23,126 shares were issued to Sumitomo to retain its 10.1% interest in the Company and 22,668 shares were issued to Centerra to retain its 9.9% interest, as granted under investor rights agreements dated November 3, 2021 and May 28, 2024. The common shares are subject to a statutory hold period expiring on February 2, 2027. Because Sumitomo beneficially owns more than 10% of Kenorland's outstanding shares, it is a related party under Multilateral Instrument 61-101, and the transaction constituted a related party transaction; the Company relied on exemptions from formal valuation and minority shareholder approval in sections 5.5(a) and 5.7(1)(a) as the fair market value does not exceed 25% of Kenorland's market capitalization.
Critical Materials & Supply Chain › Precious Metals Capital
Critical Materials & Supply Chain › Gold Capital
Kenorland Minerals Ltd. · Capital · Neutral Kenorland issues 45,794 shares to Sumitomo and Centerra under top-up rights, raising ~$114k in a related-party transaction.
5713.JP · Capital · Neutral Sumitomo exercises top-up right to retain its 10.1% interest in Kenorland through a small share issuance; routine anti-dilution move.
CGAU · Capital · Neutral Centerra exercises top-up right to maintain its 9.9% stake in Kenorland via a small share issuance; routine anti-dilution move, no clear positive or negative.
Metal Energy Closes Additional Strategic Investment from Centerra and Teck
Metal Energy Corp. has closed additional strategic investments by existing shareholders Centerra Gold Inc. and Teck Resources Limited, who exercised top-up rights to maintain their respective 9.9% equity interests. The company issued 550,000 common shares at C$0.89 per share for total gross proceeds of approximately C$490,000, with no warrants issued and no finder's fees paid. Proceeds will be used for general corporate and working capital purposes. The offering remains subject to final approval of the TSX Venture Exchange, and the shares are subject to a statutory hold period of four months and one day.
Azimut Closes $7 Million Private Placement Financing
Azimut Exploration Inc. has closed its previously announced non-brokered private placement for total proceeds of approximately $7 million. The offering consisted of 6,038,647 flow-through shares at $0.828 per share for gross proceeds of $5,000,000, and 3,333,332 hard dollar shares at $0.60 per share for gross proceeds of $2,000,000. Centerra Gold Inc. increased its ownership interest in the company from 9.84% to 12.67%, while Agnico Eagle Mines Limited and CDPQ Sodémex Inc. exercised their contractual rights to acquire common shares. Proceeds will be used to advance the wholly owned Wabamisk and Elmer properties, with the flow-through share proceeds to be renounced as Canadian exploration expenses effective no later than December 31, 2026. The offering remains subject to final approval of the TSX Venture Exchange, and all securities issued are subject to a four-month hold period expiring December 19, 2026.
Centerra Gold Inc. reported second-quarter net income of $72.1 million, or $0.35 per share, up from $68.6 million, or $0.32 per share, a year earlier. Adjusted earnings were $79.3 million, or $0.39 per share. Revenue surged 53.6% to $442.7 million from $288.3 million in the prior-year quarter.
Centerra Gold Ranks 44th Among Analysts' Top Metals Picks
Centerra Gold Inc ranks 44th out of the 50 stocks in the Metals Channel Global Mining Titans Index based on averaged analyst recommendations from major brokerages, according to Metals Channel. The index tracks the top fifty global metals and mining leaders and updates continuously to reflect commodity prices, government policy, and market volatility. Centerra Gold operates in the Precious Metals sector alongside Newmont Corp and Barrick Mining Corp, and its shares were trading up about 4.5% midday Tuesday.
CGAU · Capital · Positive Ranked 44th among analysts' top metals picks based on averaged analyst recommendations, indicating positive analyst sentiment.
Centerra Gold extends and increases revolving credit facility to $600 million
Centerra Gold has amended its revolving credit facility, extending the maturity to July 15, 2030, and increasing the size to US$600 million from US$400 million. The interest rate margin over SOFR now ranges from 1.875% to 3.000%, down from 2.25% to 3.25%, depending on the net leverage ratio. No amounts are currently drawn under the facility, which is led by The Bank of Nova Scotia and National Bank of Canada and backed by a syndicate of international lenders. The expanded facility provides flexibility for general corporate purposes including working capital, investments, potential acquisitions, and capital expenditures.
CGAU · Capital · Positive Centerra Gold extended and increased its revolving credit facility to $600M with improved terms, enhancing financial flexibility.
BNS · Capital · Positive Bank of Nova Scotia is a lead arranger of the expanded credit facility, earning fees and strengthening its lending relationship.
National Bank of Canada · Capital · Positive National Bank of Canada is a lead arranger of the expanded credit facility, earning fees and strengthening its lending relationship.
Centerra Gold Commences Drilling at Headwater's Crane Creek Project in Idaho
Centerra Gold has commenced a fully funded drill program at Headwater Gold's Crane Creek Project in western Idaho, marking the first drilling at the site since the 1990s. The program includes approximately 3,000 metres of reverse circulation and core drilling, with planned exploration expenditures of about US$1.7 million toward Centerra's US$2.5 million minimum commitment under the earn-in agreement. Drilling will test shallow historical gold mineralization, explore beneath outcropping gold-bearing veins, and step out along strike from known zones, following recent geophysical work that expanded the target footprint. Historical results include intercepts such as 62.5 metres grading 1.21 grams per tonne gold, including 8.14 grams per tonne over 3.0 metres. The earn-in agreement allows Centerra to earn up to a 70% interest in the project through staged expenditures and technical milestones.
CGAU · Technology · Positive Centerra Gold has commenced drilling at the Crane Creek Project, advancing exploration and potential resource development.
Headwater Gold Inc. · Capital · Positive Headwater Gold benefits from Centerra's funded drill program and earn-in agreement, validating project potential and providing capital.
Kenorland Completes Top-Up Right from Sumitomo and Centerra
Kenorland Minerals Ltd. has completed the exercise of top-up rights by Sumitomo Metal Mining Canada Ltd. and Centerra Gold Inc., allowing them to retain their respective 10.1% and 9.9% interests in the company. An aggregate of 314,392 shares were issued at a price of $2.136 per share for total gross proceeds of $671,541.31, with 158,768 shares going to Sumitomo and 155,624 shares to Centerra. The issued common shares are subject to a statutory hold period expiring on October 20, 2026. As Sumitomo is a related party, the transaction relied on exemptions from formal valuation and minority shareholder approval under Multilateral Instrument 61-101.
Kenorland Minerals Ltd. · Capital · Positive Kenorland received $671,541 in proceeds from the top-up rights issuance, strengthening its balance sheet.
5713.JP · Capital · Neutral Sumitomo exercised top-up rights to maintain its 10.1% stake, a routine capital transaction with no clear positive or negative signal.
CGAU · Capital · Neutral Centerra exercised top-up rights to maintain its 9.9% stake, a routine capital transaction with no clear positive or negative signal.
USA
Canada
Japan