Centerra Gold’s third-quarter results included lower full-year AISC guidance for Mount Milligan and record quarterly share buybacks.
Centerra reported its third-quarter 2026 results on October 29. The company lowered its full-year by-product AISC guidance for Mount Milligan, citing continued operational execution. The supplied information does not include the revised guidance figure or the mine’s quarterly operating results.
Investor takeaway: Centerra lowered Mount Milligan’s cost guidance and reported record quarterly buybacks. The revised AISC figure and detailed results were not provided.
Centerra Gold Inc
CG.TO
CG.TO
Centerra Gold Inc
WealthAwesomeMarket cap
$5.58B
P/E
6.6x
Div. yield
0.68%
Div. / share
$0.20
52W high
$33.94
52W low
$15.51
1W change
-0.56%
Beta
1.60
Analyst Price Targets
Based on analyst covering CG · as of Oct 30, 2026
Wall Street analysts forecast CG stock price to rise 18.1% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$33.67
+18.1% Upside
Previously C$33.72 on Oct 29, 2026
Current Price
C$28.52
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on CG's historical volatility
30-Day Vol
42.3%
Annualized
90-Day Vol
48.0%
Annualized
Trend (90d)
+47.3%
Annualized drift
90d Mean
C$33.77
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$30.17 | C$26.07 – C$34.92 |
| 60 trading days | C$31.92 | C$25.96 – C$39.25 |
| 90 trading days | C$33.77 | C$26.22 – C$43.50 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Mount Milligan’s revised AISC figure was not supplied
Centerra lowered its full-year by-product AISC guidance for Mount Milligan, but the new figure was not provided. CG.TO closed at C$27.50, down 3.68% for the day. Reported volume was 3,127 shares, compared with a 20-day average of 472,131.
Bull case
Centerra says continued operational execution at Mount Milligan supported lower full-year by-product AISC guidance. The company also reported record quarterly share buybacks and progress on its self-funded North American growth strategy.
Bear case
The supplied information does not include the revised AISC figure or detailed production and financial results. Without those details, investors can’t assess the size of the guidance reduction or its effect on full-year costs.
Mount Milligan guidance is the central event
Centerra’s October 29 results announcement says the company lowered its full-year by-product AISC guidance for Mount Milligan, citing continued operational execution. AISC is a cost measure used in the gold-mining industry. The supplied information does not give the previous or revised guidance, the size of the reduction, or mine-level production figures.
The announcement also reports record quarterly share buybacks and progress on a self-funded North American growth strategy, but provides no buyback totals or project details. Centerra’s full results are the source to check for those figures. The headline alone does not show how much the cost outlook changed. The company’s stock page has its listing information.
Shares closed at C$27.50 on unusually light reported volume
CG.TO closed at C$27.50, down 3.68% for the day. Reported volume was 3,127 shares, about 0.74% of the stated 20-day average of 472,131 shares. The supplied information does not explain the daily price move, and reported volume was far below average.
The shares were down 8.74% over one month but up 48.06% year to date. The close was below the C$31.20 50-day moving average and above the C$26.25 200-day moving average. These figures describe recent trading levels; they don’t show how the results affected the stock. A separate company-news item about a C$0.07 quarterly dividend was also dated October 29, but the supplied information does not say it was part of the results announcement.
The revised cost figure and results details remain key
The revised Mount Milligan AISC guidance and quarterly operating and financial figures are the key missing details. They would show the size of the guidance change and how the mine performed. The supplied headline and market data include none of them.
Investors can also look for details on the record quarterly buybacks and the self-funded growth strategy. No buyback amounts, project milestones, or timelines were provided. Centerra’s company and analyst information is available separately, but analyst targets don’t provide the missing operating details.
Best next step
Keep exploring this topic
If you want to go deeper, these are the most useful follow-up pages and tools for this topic.
Gold ETFs
Best gold ETFs in Canada
If this story is about gold, compare CGL, VALT, KILO, and miner ETFs.
Broker comparison
Best trading platforms in Canada
Compare $0-commission brokers before you act on a ticker story.
Safe cash
Best GIC rates in Canada
If the story makes you want to de-risk, compare guaranteed rates next.
HISA roundup
Best high-interest savings accounts
Keep dry powder in a no-fee savings account instead of chequing.
Wealth Awesome
Timely coverage of Canadian stocks, earnings, dividends, and market movers for DIY investors. Stories are checked against exchange data and public filings.
View Full Profile →✅ Reviewed by Certified Financial Professionals
This content has been reviewed by CFA® charterholders and Certified Financial Planners (CFP®) with over a decade of experience in Canadian financial markets. All information is fact-checked against official Canadian sources and regulations.
Why these credentials matter: CFA® charterholders complete 900+ hours of rigorous study in investment analysis and ethics. CFP® professionals are held to the highest standards of financial planning competency and fiduciary duty in Canada.
⚠️ Professional Disclaimer
This content is for educational purposes only and should not be considered personalized financial advice. While our team brings professional expertise, individual circumstances vary. For personalized guidance, consult with a qualified financial advisor, tax professional, or mortgage specialist.
