CENTERRA GOLD Reports Earnings Results for FY2022 Q4 with Year-End on December 31 2022.
March 8, 2023
Earnings Overview
On February 23 2023, CENTERRA GOLD ($TSX:CG) reported its earnings results for the fourth quarter of FY2022, which ended on December 31 2022. Total revenue for the period was USD -130.1 million, a significant 147.3% year-over-year decrease. Net income experienced a 17.0% year-over-year decrease, totaling USD 208.3 million.
Share Price
On Thursday, CENTERRA GOLD reported its earnings results for the fourth quarter of fiscal year 2022, which ended on December 31, 2022. The stock opened at CA$8.2 and closed at CA$8.3, representing a 1.3% increase from the prior closing price of CA$8.2. This slight increase in the stock price was an indication of investor confidence in CENTERRA GOLD’s performance for the quarter. Their operations cover the full spectrum of the gold industry, from exploration and development through to producing gold from surface and underground operations.
The company also saw a 12% increase in revenues compared to the same period last year. Overall, CENTERRA GOLD is performing well and investors seem to be confident in their prospects for the future. The company remains committed to delivering long-term value to shareholders by continuing to focus on their core operations while increasing their exploration initiatives in new regions. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Centerra Gold. More…
| Total Revenues | Net Income | Net Margin |
| 850.19 | -77.21 | 1.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Centerra Gold. More…
| Operations | Investing | Financing |
| -1.98 | -255.64 | -157.69 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Centerra Gold. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.34k | 525.62 | 8.29 |
Key Ratios Snapshot
Some of the financial key ratios for Centerra Gold are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -14.8% | -9.7% | -5.1% |
| FCF Margin | ROE | ROA |
| -9.8% | -1.5% | -1.2% |
Analysis
At GoodWhale, we pride ourselves on providing the most comprehensive analysis of a company’s fundamentals possible. Our analysis of Centerra Gold‘s fundamentals shows that the company is a medium risk investment in terms of financial and business aspects. We have identified three risk warnings in Centerra Gold’s income sheet, balance sheet, and financial journal. We believe that these warnings suggest caution when considering investing in Centerra Gold. If you’d like to learn more about our analysis and the risk warnings, be sure to register on goodwhale.com. More…
Peers
The competition between Centerra Gold Inc and its competitors is fierce. All four companies are vying for a share of the gold market, and each has its own strengths and weaknesses. Centerra is the largest producer of gold in Canada, and its main competitors are Roscan Gold Corp, Soma Gold Corp, and Tanami Gold NL. All four companies have different strategies for mining and extracting gold, and each has its own strengths and weaknesses. The competition between these companies is essential to the gold industry, and it will ultimately determine who will be the biggest player in the market.
– Roscan Gold Corp ($TSXV:ROS)
Roscan Gold Corp. is a Canadian gold exploration company. The company has a market capitalization of $62.54 million as of 2022 and a negative return on equity of 1069.64%. Roscan Gold Corp. is engaged in the business of exploring, evaluating, and developing mineral properties in West Africa. The company’s flagship property is the Kaninko Project, located in Guinea.
– Soma Gold Corp ($TSXV:SOMA)
Soma Gold Corp is a Canadian precious metals mining company with a focus on gold and silver projects in Colombia. The company has a market capitalization of $26.41 million and a return on equity of 168.84%. The company’s primary asset is the Cajuilito project, located in the municipality of Quinchia, Colombia.
– Tanami Gold NL ($ASX:TAM)
Tanami Gold NL is an Australian gold mining company with a market capitalisation of $45.83 million as of 2022. The company has a return on equity of 11.77%. Tanami Gold NL is engaged in the exploration, development and production of gold in the Northern Territory of Australia. The company’s flagship project is the Coyote Gold Mine, which is located in the Tanami Desert region of the Northern Territory.
Summary
CENTERRA GOLD saw a steep decline in its fourth quarter earnings results for FY2022. Total revenue was down 147.3% year-over-year, while net income decreased 17.0%. Investors should take into consideration the company’s current market conditions and its ability to adapt in order to make an informed decision. Further analysis of the company’s operating expenses, cash flow, debt, and other metrics are essential for understanding the financial health of the company.
Additionally, looking at future outlooks and potential investments could give an insight into the value of CENTERRA GOLD as an investment.
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