Centerra Gold Inc. (CGAU) stock plunged 6.32% in pre-market trading on Friday, following the company's disappointing fourth-quarter results and lower production guidance for 2025. The decline suggests investors are concerned about Centerra's slowing growth and potential headwinds in the gold mining industry.
Late on Thursday, Centerra reported Q4 adjusted earnings of $0.17 per share, meeting analysts' estimates but reflecting a decline from $0.28 per share a year earlier. Revenue for the quarter fell to $302.4 million from $340 million in the prior year period, missing analyst expectations of $316.1 million.
Looking ahead, the company expects gold production in 2025 to range between 270,000 and 310,000 ounces, potentially signaling a slowdown compared to previous years. Despite continued volatility in the gold market, some analysts remain cautious on Centerra's near-term outlook due to rising costs and geopolitical risks associated with its operations in Central Asia.
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