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Operates gold and copper-gold mines, including Mount Milligan in Canada and Oksut in Turkey.
Operates gold and copper-gold mines, including Mount Milligan in Canada and Oksut in Turkey.
Gold and copper are sold at market prices, but a Royal Gold stream on Mount Milligan trims realised prices on part of that mine's output. Kumtor, once the flagship, passed to the Kyrgyz state in 2021, so Centerra rebuilt around its North American and Turkish mines and development projects such as Kemess in British Columbia.
Moat: narrow (installed base, regulatory licence). Diversified, permitted, multi-jurisdiction gold-copper producer with established processing infrastructure.
Headquarters: Toronto, Canada · Founded: 2004 · Employees: 1,500
Size Centerra Gold (CG.TO) is a Canada Materials company (Precious Metals) with a market value of $4.25B, the 132nd largest of 420 Canada companies the cockpit tracks. Shares closed at C$30.81 on 6 Nov 2026.
Performance Over six months the shares gained 27.1%, against -2.5% for the median peer and +5.2% for the Canada market (cap-weighted) — 2nd highest of 21 in its peer set.
Growth Revenue grew 43.9% over the last twelve months (peer median +58.2%); the operating margin is 26.7% (peer median 43.8%).
Valuation It trades at 12.4× forward earnings against a peer median of 11.0× (9th most expensive of 20).
Price implies For today's price to make sense, revenue must grow about 6% a year for seven years (Req g). Recent delivered growth is +14%, so the hurdle is -7 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 6.9 points above its cost of capital (11.6% WACC).
Next results Next results expected around 25 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | C$2.50B | C$1.83B | C$1.64B | C$1.49B | C$1.13B |
| Revenue growth | — | +11% | +10% | +31% | — |
| Gross profit | C$833M | C$458M | C$377M | C$247M | C$156M |
| EBITDA | C$835M | C$503M | C$479M | C$325M | C$185M |
| Net income | C$602M | C$816M | C$110M | -C$110M | -C$101M |
| Free cash flow | C$67.7M | C$130M | C$187M | C$211M | -C$111M |
| Capital expenditure | C$524M | C$354M | C$219M | C$115M | C$105M |
| Total debt | C$61.1M | C$25.8M | C$28.9M | C$31.9M | C$18.9M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Centerra Gold CG.TO | $4.25B | +27% | +44% | 27% | 12.4× | 6.5% |
| Agnico Eagle Mines AEM.TO | $98.4B | +6% | +41% | 59% | 16.9× | 8.4% |
| B2Gold BTO.TO | $7.19B | +13% | +72% | 46% | 6.1× | -7.0% |
| Alamos Gold AGI.TO | $13.4B | -22% | +41% | 57% | 11.3× | 7.8% |
| Eldorado Gold ELD.TO | $9.37B | +11% | +25% | 45% | 7.7× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | CG.TO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +2.2% | -0.9% | 5th highest of 21 |
| 6-month return | +27.1% | -2.5% | 2nd highest of 21 |
| Distance from 52-week high | -9.2% | -28.5% | highest of 21 |
| Revenue growth (TTM) | +43.9% | +58.2% | 8th lowest of 19 |
| Operating margin | 26.7% | 43.8% | 2nd lowest of 18 |
| Forward P/E | 12.4× | 11.0× | 9th most expensive of 20 |
| Growth the price implies (Req g, 7 yrs) | 6.5% | 0.3% | 7th most demanding of 17 |
| Growth delivered (Del g) | +13.9% | +27.4% | 3rd lowest of 16 |
| Hurdle (Req g minus delivered) | -7.4 pp | -30.5 pp | 2nd most demanding of 16 |
| ROIC minus cost of capital | +6.9 pp | +19.8 pp | 4th lowest of 20 |
| EV / EBITDA | 6.5× | 5.2× | 6th most expensive of 16 |
| Net debt / EBITDA | -0.6× | -0.5× | 7th least indebted of 16 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Centerra Gold CG.TO | Canada | $4.25B | +27% | +44% | 27% | 12.4× | 6.5% | +13.9% |
| Vault Minerals VAU.AX | Australia | $4.19B | +21% | +35% | 33% | 13.0× | -0.1% | +59.0% |
| Capricorn Metals CMM.AX | Australia | $4.42B | -1% | +45% | 58% | 17.6× | 12.7% | +33.9% |
| Skeena Resources SKE.TO | Canada | $3.90B | +6% | n/a | n/a | n/a | n/a | n/a |
| Hunan Gold 002155.SZ | China | $4.72B | -33% | +1% | 4% | 15.3× | 11.1% | +27.4% |
| Pan African Resources PAF.L | United Kingdom | $3.79B | -25% | +106% | 54% | 7.2× | -6.7% | +25.7% |
| Ramelius Resources RMS.AX | Australia | $4.78B | +3% | -14% | 42% | 19.0× | 13.7% | +10.3% |
| Montage Gold MAU.TO | Canada | $4.79B | +17% | n/a | n/a | 18.4× | n/a | n/a |
| K92 Mining KNT.TO | Canada | $4.86B | +10% | +62% | 68% | 11.0× | 0.7% | +31.3% |
| Aya Gold & Silver AYA.TO | Canada | $3.68B | +40% | +265% | 53% | 19.2× | 17.9% | +72.4% |
| Westgold Resources WGX.AX | Australia | $3.64B | -2% | +79% | 32% | 8.8× | -7.6% | +33.7% |
| Torex Resources TXR.TO | Canada | $5.02B | +16% | +76% | 46% | 7.1× | -3.9% | +11.5% |
| JCHX MINING MANAGEMENT 603979.SS | China | $5.09B | -12% | +23% | 28% | 9.9× | -7.7% | +29.3% |
| Greatland Resources GGP.AX | Australia | $5.11B | -31% | +118% | 52% | 13.4× | -3.1% | n/a |
| Regis Resources RRL.AX | Australia | $3.49B | -3% | +43% | 43% | 8.5× | -9.5% | +23.5% |
| Hochschild Mining HOC.L | United Kingdom | $3.37B | -27% | +37% | 44% | 9.8× | -10.7% | +14.1% |
| Western Region Gold 601069.SS | China | $3.29B | -26% | +118% | n/a | 11.2× | 11.7% | +19.5% |
| Aris Mining ARIS.TO | Canada | $3.24B | -15% | +94% | 46% | 5.5× | 2.1% | +19.8% |
| Allied Gold AAUC.TO | Canada | $3.24B | -19% | +54% | 32% | 3.9× | n/a | n/a |
| SSR Mining SSRM | United States | $5.66B | -17% | +39% | 42% | 8.1× | n/a | n/a |
| Genesis Minerals GMD.AX | Australia | $5.73B | +6% | +89% | 45% | 15.1× | 7.2% | +182.9% |