Centerra Gold Inc. (TSE:CG) has released an update.
Centerra Gold Inc. has reported robust first quarter 2024 financial results with significant cash flow from operations, leading to an increase in cash and equivalents to $647.6 million. The company saw consolidated gold production of 111,341 ounces and executed a share buyback program, while planning for sizeable tax and royalty payments in the upcoming quarter. Despite a hefty payment to Royal Gold and upcoming fiscal obligations, Centerra is optimistic about meeting its annual guidance due to strong operational performance and effective capital strategy.
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