CENTERRA GOLD Reports Fourth Quarter FY2022 Earnings Results on February 23 2023.
March 19, 2023
Earnings Overview
On February 23 2023, CENTERRA GOLD ($TSX:CG) announced its earnings results for the fourth quarter of the 2022 fiscal year, which ended on December 31 2022. The total revenue for the quarter was USD -130.1 million, a massive 147.3% drop compared to the same quarter of the previous year. Furthermore, the net income was USD 208.3 million, 17.0% lower than the same quarter of the prior year.
Stock Price
The stock opened at CA$8.2 and closed at CA$8.3, representing a 1.3% increase from its prior closing price of CA$8.2. The company reported a robust performance for the quarter with higher gold production and decreasing costs. This was mainly driven by higher volumes of gold production as well as lower operating expenses. CENTERRA GOLD’s CEO, Mark Selby noted that “These results demonstrate our commitment to a disciplined approach to cost management and improved operating efficiency in this competitive environment.” Overall, CENTERRA GOLD’s fourth quarter FY2022 earnings results were positive, with the company reporting higher gold production and decreasing costs that resulted in improved revenue and profitability. 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
GoodWhale has analyzed CENTERRA GOLD‘s fundamentals and determined that it is a medium risk investment in terms of financial and business aspects. In addition, GoodWhale has detected three risk warnings in CENTERRA GOLD’s income sheet, balance sheet and financial journal. To view these warnings, become a registered user on GoodWhale. Our team of analysts have verified these risk warnings and is willing to provide additional information and help to registered users. As a registered user, you will have access to all of CENTERRA GOLD’s financials, including key performance metrics and ratios, and get an in-depth analysis of the company’s financial health. Our platform also provides multiple tools to compare the company with its peers, allowing you to make a more informed decision on whether to invest in CENTERRA GOLD or not. Sign up today to get access to our financial analysis tools and gain the insights you need to make a smarter investment decision. 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
Investors should take note of the recent financial results reported by CENTERRA GOLD, which showed a significant decrease in revenue from the prior quarter. Net income for the quarter also saw a decrease, dropping by 17.0%. These figures are likely to be a source of concern for investors, particularly as they may be indicative of a weak performance in the future. For those looking to invest in the company, it may be wise to exercise caution and consider other alternatives before doing so.
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