TSX- and NYSE-listed copper and gold miner Centerra Gold has declared a dividend of C$0.07 for the quarter ended March 31, which amounts to a distribution of about C$13.9-million, or $10-million in aggregate.

Consolidated gold production totalled 68 001 oz, while copper production reached 14.2-million pounds.

The group’s gold production increased by 15% year-on-year, compared to the quarter ended March 31, 2025, and copper production increased by 21% year-on-year.

The company managed to sell 72 935 oz of gold at an average realised price of $4 172/oz, and 14.9-million pounds of copper at an average realised price of $4.48/lb.

Centerra’s reported net earnings of $79.4-million, or $0.40 apiece, in the quarter under review, with adjusted net earnings having totalled $88.2-million, or $0.44 apiece.   

This compares to net earnings and adjusted net earnings of $30.5-million and $26.4-million, respectively, in the same quarter last year.

“Centerra delivered a strong start to the year, with production performing in line with plan across our operations. Mount Milligan delivered results consistent with our recently published prefeasibility study and full-year guidance, while Öksüt delivered a strong quarter driven by higher than planned grades, supporting robust free cash flow generation across both sites,” says Centerra president and CEO Paul Tomory.  

He adds that the group’s financial position strengthened in the quarter under review, with Centerra’s cash balance having increased to $543-million. “This was achieved while we continued to invest in our internal growth pipeline, built working capital at Langeloth, and returned $33-million to shareholders through share buybacks and dividends in the quarter,” Tomory explains.

Centerra operates the Mount Milligan mine, in British Columbia, Canada, and the Öksüt mine, in Türkiye, while owning development projects in British Columbia and Nevada, in the US.

Centerra is progressing key initiatives across its portfolio, including delivering on the Mount Milligan prefeasibility study and ongoing development work at the Thompson Creek and Goldfield projects, which are expected to achieve first production in mid-2027 and late 2028, respectively.

The Kemess project (British Columbia), in particular, holds long-term potential for the company and marks a cornerstone of its future growth pipeline.

A life of mine optimisation study for the Öksüt mine is also expected by the end of the year.

Together, these growth projects position Centerra to deliver sustainable value for shareholders over the long term.

Centerra remains on track to meet its full-year guidance of between 250 000 and 280 000 oz of gold and between 50-million and 60-million pounds of copper.