Centerra Gold: The Incredible Value And Balance Sheet Strength [Seeking Alpha]
Centerra Gold Inc. Common Shares (CGAU)
Company Research
Source: Seeking Alpha
unaemlag/E+ via Getty ImagesAs of November 4, 2021, Centerra Gold (CGAUYet the fair value of Centerra's assets is ~$2 billion, and it will likely have ~$1 billion of net cash at the end of this quarter, implying that CGAU would need to increase 30% to trade at fair value.However, there is a potential scenario in play in which the discount is far greater, and CGAU would need to increase 75% in that scenario to trade in line with its fair value.In this article, I will detail the incredible valuation in CGAU, its balance sheet strength, the potential scenario that investors aren't pricing in (at least not yet), and why there is minimal downside risk in this gold miner.1. Valuation Of Current Assets = ~US$2 BillionLet's go over the numbers, starting with the two currently producing assets: the Mount Milligan gold/copper mine in and the Öksüt gold mine in Turkey.Mount Milligan — NPV of US$1.18 BillionThe table below is from the 2020 technical report and shows the cash flow summary for the
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CGAU
News
- Centerra Gold Announces Conference Call and Webcast Details for 2024 First Quarter Results and Annual Meeting of Shareholders [Yahoo! Finance]Yahoo! Finance
- Centerra Gold Announces Conference Call and Webcast Details for 2024 First Quarter Results and Annual Meeting of Shareholders [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Centerra Gold Announces Conference Call and Webcast Details for 2024 First Quarter Results and Annual Meeting of ShareholdersGlobeNewswire
- American Pacific Closes $4,500,000 Non-Brokered Private Placement [Yahoo! Finance]Yahoo! Finance
- Centerra Gold Inc. (NYSE: CGAU) had its price target raised by analysts at CIBC from $9.50 to $11.00. They now have an "outperformer" rating on the stock.MarketBeat
CGAU
Sec Filings
- 4/18/24 - Form 6-K
- 4/15/24 - Form 6-K
- 4/15/24 - Form 6-K
- CGAU's page on the SEC website