Centerra Gold management commentary attributes Q3 2026 net earnings decline to prior-year Goldfield impairment reversal
Bitget2026/10/29 21:28- Centerra Gold management commentary attributed third-quarter 2026 net earnings’ 70% decline to USD 88.7 million primarily to a prior-year impairment reversal.
- The Goldfield impairment reversal boosted third-quarter 2025 earnings by USD 193.5 million.
- Adjusted net earnings rose 8% to USD 71.8 million, driven by stronger mine earnings, partly offset by higher share-based compensation.
- Management attributed stronger mine earnings to higher realized metal prices and improved molybdenum margins, partly offset by lower Öksüt gold sales.
- Free cash flow fell 83% to USD 17.1 million as higher tax payments reduced operating cash flow while capital spending increased.
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