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Rank #17 · NYSE:CGAU
Mid-Tier Producer · Primary: Gold
Canada · Jurisdictions: Canada, Turkiye, United States
Canonical listing price
$22.54
+3.30%(+0.72 USD)
Updated 10/9/2026, 1:30:00 PM
Price data: Twelve Data
Gold · Mid-Tier Producer
vs Gold
1M +3.6 pp·3M +46.9 pp
vs GDX
1M +6.8 pp·3M +20.3 pp
1M vs Gold Miners group: +6.9 pp
Jurisdiction: Canada, Turkiye, United States · Market cap rank-only (licensing)
Close-based returns and relative performance in percentage points vs mapped metal/ETF. Not a buy/sell signal or price target.
Next report
Reporting calendar →FY2024 · Expected window 2026-03-19 → 2026-04-02
Expected window 2026-03-19 → 2026-04-02 (FY2024).
Valuation
Current market multiples relative to reported TTM financials. Peer context uses the Mining 50 Gold · Mid-Tier Producer group. Not fair value, price targets, or investment advice.
Historical Valuation
Point-in-time multiples at annual filing dates using prices and financials publicly available as of each date. Percentiles and medians use available history only — descriptive context, not fair value or investment advice.
P/FCF
EV/FCF
Historical chart
Each point is a filing-date snapshot — not a continuous daily valuation series.
Filing-date periodic snapshots · 5 observations · price source: Twelve Data
MINING50-HISTORICAL-VALUATION-1.0 · filing-date periodic
Balance Sheet & Capital Allocation
Annual FY trends from certified filing data. Descriptive direction and magnitude only — not a quality score or investment recommendation.
Cash
$612.94M
+$81.03M YoY (+15.2%)
Debt
$0
$0 YoY
Net Debt
Net Cash: $612.94M
$-81.03M YoY (-15.2%)
Share Count
199.8M
-10.2M shares YoY (-4.9%)
3-year share count change: -8.5% over 3 years
Capex / Revenue
7.7%
Prior year: 9.3%
FCF Conversion
65.3%
FCF (FY)
$160.29M
+$243.20M YoY (+293.3%)
Cash Build
Cash increased $81.03M (+15.2%) versus the prior year.
2022-12-31 → 2023-12-31
Operating Performance
Annual FY revenue, cash flow, capex, and margins from certified filing data. Descriptive trends only — not a quality score or investment recommendation.
Revenue
$1.10B
+$232.33M YoY (+26.7%)
Operating Cash Flow
$245.60M
Operating cash flow moved from $-1.98M to $245.60M.
Free Cash Flow
$160.29M
Free cash flow moved from $-82.91M to $160.29M.
Capex
$85.31M
+$4.38M YoY (+5.4%)
3-year revenue change: +55.2% over 3 years
OCF Margin
22.3%
Prior year: -0.2%
Change: +22.5 pp
FCF Margin
14.5%
Prior year: -9.5%
Change: +24.1 pp
Capex / Revenue
7.7%
Prior year: 9.3%
Revenue Increase
Revenue increased 26.7% versus the prior comparable period.
2022-12-31 → 2023-12-31
Operating Cash Flow Turned Positive
Operating cash flow moved from $-1.98M to $245.60M.
2022-12-31 → 2023-12-31
Free Cash Flow Turned Positive
Free cash flow moved from $-82.91M to $160.29M.
2022-12-31 → 2023-12-31
OCF Margin Increase
Operating cash flow margin moved from -0.2% to 22.3% (+22.5 pp).
2022-12-31 → 2023-12-31
FCF Margin Increase
Free cash flow margin moved from -9.5% to 14.5% (+24.1 pp).
2022-12-31 → 2023-12-31
Fundamental Changes
Deterministic changes from certified financial metrics. Descriptive only — not a quality score or investment recommendation.
Latest filing period: 2 material changes · 14 operating · 5 balance-sheet · 1 capital-allocation
FY2025 · Filed Mar 23, 2026
P/FCF Multiple Expanded
P/FCF moved from 8.3x to 20.4x.
EV/FCF Multiple Expanded
EV/FCF moved from 4.5x to 16.6x.
FY2023 · Filed Mar 28, 2024
Cash Build
Cash increased $81.03M (+15.2%) versus the prior year.
Official filing sourceRevenue Increase
Revenue increased 26.7% versus the prior comparable period.
Official filing sourceOperating Cash Flow Turned Positive
Operating cash flow moved from $-1.98M to $245.60M.
Official filing sourceFree Cash Flow Turned Positive
Free cash flow moved from $-82.91M to $160.29M.
Official filing sourceOCF Margin Increase
Operating cash flow margin moved from -0.2% to 22.3% (+22.5 pp).
Official filing sourceFCF Margin Increase
Free cash flow margin moved from -9.5% to 14.5% (+24.1 pp).
Official filing sourceModules: mtf-trend, momentum, relative-strength · Last calculated: 10/12/2026, 10:41:11 AM
Price data provided by Twelve Data. Charts provided by TradingView. Grey Rabbit Scores and analysis are proprietary to Grey Rabbit Markets.
Gold · Mid-Tier Producer · factual only
| Company | Market Cap | Production | AISC | Net Debt / Cash |
|---|---|---|---|---|
| Centerra Gold Inc.(CGAU) | $4.50B | 265.0 koz | $1,614/oz | $529.00M |
| Alamos Gold Inc.(AGI) | — | 610.0 koz | $1,524/oz | $423.00M |
| Aris Mining Corporation(ARIS) | — | 325.0 koz | $1,705/oz | $127.59M |
| B2Gold Corp.(BTG) | — | 895.0 koz | $1,584/oz | $217.90M |
| DRDGOLD Limited(DRD) | — | 145.0 koz | $1,716/oz | $72.00M |
| Eldorado Gold Corporation(EGO) | — | 540.0 koz | $1,664/oz | $405.70M |
| Equinox Gold Corp.(EQX) | — | 750.0 koz | $1,925/oz | $1.15B |
Sorted by market cap then name — not a ranking. Comparable curated fields only.
Multi-period filing history is available on Pro. Latest TTM P&L above is public.
Derived: eligible price × ADR-aware shares · Centerra Gold Inc. · Derived: Debt − Cash · Through 2026-02-19 · Coverage 7/8 key fields · not live filing scrape · Filing-backed TTM P&L from SEC companyfacts (cached — not live scrape)
Periods: YE 2025 · FY 2026 Guidance · FY 2025 · 2023-12-31
MINING50-MARKETCAP-1.0 · MINING50-NETDEBT-1.0 · MINING50-TTM-1.0 · MINING50-FCF-1.0 · MINING50-FCF-MARGIN-1.0
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