Centerra Gold (CG-T) Feb 20, '25 Q4 and Full Year 2024 Results and 2025 Outlook; Strong Cash Flow from Operating Activities and $625 Million in Cash and Cash Equivalents money.tmx.com
Cash and cash equivalents: Total liquidity of over $1.0 billion as at December 31, 2024, comprising a cash balance of $624.7 million and $400.0 million under a corporate credit facility.
Share buybacks: Under Centerra’s normal course issuer bid (“NCIB”) program, the Company repurchased 1,766,130 common shares in the fourth quarter 2024, for the total consideration of $12.2 million. In the full year 2024, Centerra repurchased and cancelled 6,731,430 common shares under its NCIB program for a total consideration of $44.1 million.
Renewal of NCIB: In November 2024, Centerra renewed its NCIB to purchase for cancellation up to an aggregate of 18,800,929 common shares in the capital of the Company, representing 10% of the public float. |
