Shares of Centerra Gold Inc. (CGAU) plummeted 6.69% in the pre-market session on Friday, following the company's lackluster fourth-quarter earnings and revenue figures, coupled with a weaker-than-expected production outlook for 2025.
The Canadian gold mining company reported adjusted earnings per share of $0.17 for Q4 2024, down from $0.28 in the year-ago period, matching analyst estimates. However, revenue tumbled to $302.4 million from $340 million a year earlier, missing Wall Street's consensus of $316.1 million.
Perhaps more concerning for investors was Centerra's 2025 production guidance, which calls for gold output in the range of 270,000 to 310,000 ounces. This projected range signals a potential slowdown compared to prior years, highlighting the challenges the company faces amid rising costs and geopolitical risks associated with its operations in Central Asia.