Thompson Creek Q4 Revenue $401.6M Exceeds Expectations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 19 2026
0mins
Should l Buy CGAU?
Reports Q4 revenue $401.6M, consensus $360.6M. Q4 gold production was 70,853 ounces. CEO Paul Tomory, commented, "In Q4, we delivered strong production and outperformed our cost guidance, reflecting solid operational execution at Mount Milligan and Oksut...We ended the year with a cash balance of $529M and an equity investment portfolio valued at over $115M. This demonstrates our disciplined capital allocation strategy and highlights our ability to continue investing in the Thompson Creek restart project and our broader organic growth pipeline, including Mount Milligan, Kemess and Goldfield, while returning record capital to shareholders including $30M in share buybacks in Q4 and a consistent quarterly dividend of $10M. Looking ahead to 2026, our production and cost guidance reflect stable operating performance across our portfolio...We expect our operations to continue generating strong cash flow in 2026, providing the financial flexibility to advance our growth project pipeline while returning capital to shareholders...With Mount Milligan, Kemess, Goldfield and the Thompson Creek restart project, we have a clear line of sight to value-accretive, lower-risk growth that can be funded from available liquidity and future cash flows from operations, allowing us to maintain our disciplined approach to capital allocation."
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Analyst Views on CGAU
Wall Street analysts forecast CGAU stock price to rise
7 Analyst Rating
4 Buy
2 Hold
1 Sell
Moderate Buy
Current: 16.770
Low
12.92
Averages
20.81
High
27.33
Current: 16.770
Low
12.92
Averages
20.81
High
27.33
About CGAU
Centerra Gold Inc. is a Canada-based gold mining company focused on operating, developing, exploring and acquiring gold and copper properties in North America, Turkiye, and other markets worldwide. Centerra operates two mines: the Mount Milligan Mine in British Columbia, Canada, and the Oksut Mine in Turkiye. The Company also owns the Kemess Project in British Columbia, Canada, the Goldfield Project in Nevada, United States, and owns and operates the Molybdenum Business Unit in the United States and Canada. The Mount Milligan Mine is an open pit mine located in north central British Columbia, Canada producing a gold and copper concentrate. The Oksut Mine is located approximately 300 kilometers southeast of Ankara in Turkiye and 48 kilometers south of Kayseri, the provincial capital. The Molybdenum BU includes the Langeloth Facility in Pennsylvania and two North American molybdenum mines: the Thompson Creek Mine in Idaho and the 75%-owned Endako Mine in British Columbia.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Leadership Impact: Hendriks' exit may create a management vacuum in the short term, affecting decision-making efficiency, especially regarding resource allocation and project advancement.
- Market Reaction: This news could raise investor concerns about Centerra Gold's future operational direction, potentially impacting its stock performance in a volatile gold price environment.
- Strategic Adjustment Need: The company may need to quickly find a suitable successor to ensure operational continuity and the achievement of strategic goals, especially as competition intensifies in the global gold mining industry.
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- Market Reaction: This news could raise investor concerns about Centerra Gold's future operational direction, potentially impacting its stock performance in a volatile gold price environment.
- Strategic Adjustment Need: The company may need to quickly find a suitable successor to ensure operational continuity and the achievement of strategic goals, especially as competition intensifies in the global gold mining industry.
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- Interim Appointment: Mike Sylvestre has been appointed as interim COO effective immediately, bringing over 45 years of international experience in the mining industry, which is expected to enhance operational leadership and technical expertise for the company.
- Leadership Background: Sylvestre previously served as Senior Vice President at Kinross Gold and has held senior operational and executive roles across various mining companies, with his extensive experience likely to drive Centerra's organic growth projects forward.
- Company Overview: Centerra Gold is a Canadian-based gold mining company focused on operations in North America and other markets, operating the Mount Milligan and Öksüt mines, and the leadership transition may influence its project development and market performance.
See More
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- Interim Appointment: Mike Sylvestre assumes the COO role immediately, bringing 45 years of international mining experience, aimed at maintaining operational continuity and efficiency for the company.
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- Market Reaction: The successful completion of this financing not only strengthens the company's financial position but may also support future expansion and project development, further enhancing investor confidence in Nevada King Gold.
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- Enhanced Transparency: The technical report is now available on Centerra's website and SEDAR+, aimed at improving investor understanding of the Kemess Project, thereby boosting market confidence and attracting potential investments.
- Company Overview: Centerra Gold is a Canadian-based gold mining company focused on operating, developing, exploring, and acquiring gold and copper properties in North America, Türkiye, and other global markets, operating two mines: Mount Milligan and Öksüt.
- Diversified Asset Portfolio: In addition to the Kemess Project, Centerra owns the Goldfield Project in Nevada and operates a Molybdenum Business Unit in the U.S. and Canada, showcasing its diversified presence and competitive edge in the mining sector.
See More
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- Value Growth: By the end of 2025, the value of Centerra Gold's stake reached $50.68 million, a $27.57 million increase from the previous period, reflecting both share purchases and stock price gains.
- Outstanding Market Performance: As of February 9, 2026, Centerra Gold shares were priced at $18.59, up 175.4% over the past year, significantly outperforming the S&P 500 by 165.7 percentage points, showcasing the company's strong performance amid the gold rush.
- Optimistic Investment Outlook: Analysts predict gold prices could reach $5,400 by the end of 2026, making Hillsdale's investment strategy particularly relevant in the current macroeconomic uncertainty, with Centerra Gold's stock providing excellent diversification for portfolios.
See More
