Centerra Gold Management
Management criteria checks 4/4
We currently do not have sufficient information about the CEO.
Key information
Paul Botond Tomory
Chief executive officer
US$3.1m
Total compensation
| CEO salary percentage | 19.59% |
| CEO tenure | 3yrs |
| CEO ownership | 0.04% |
| Management average tenure | 3yrs |
| Board average tenure | 3yrs |
Recent management updates
Recent updates
Analysis Article • May 08
Shareholders In Centerra Gold (TSE:CG) Should Look Beyond Earnings For The Full Story
The latest earnings release from Centerra Gold Inc. ( TSE:CG ) disappointed investors. Our analysis found several...
Narrative Update • Apr 30
CG: Higher Metal Price Decks And Cash Generation Will Support Future Upside
Analysts have nudged the CA$ price target on Centerra Gold higher, citing updated metal price forecasts for 2026 and revised expectations for revenue growth, profit margins and future P/E multiples. Analyst Commentary Recent research points to a more constructive tone around Centerra Gold, with several bullish analysts adjusting their models after updating long term metal price forecasts and reworking assumptions on revenue, margins and future P/E multiples.
Narrative Update • Apr 15
CG: Higher Metal Price Assumptions Will Struggle To Offset Execution Risk
Analysts have revised the average price target on Centerra Gold to CA$21.59 from CA$22.00, reflecting updated assumptions on metal prices, a slightly higher discount rate, modestly adjusted revenue growth and profit margin forecasts, and a steady forward P/E outlook. Analyst Commentary Recent Street research on Centerra Gold shows a mix of updated price targets and rating changes as analysts refresh their metal price assumptions for 2026 and reassess valuation and execution risks.Narrative Update • Apr 01
CG: Higher Metal Price Assumptions Will Face Risk From P/E Support
Narrative Update Analysts have raised the CA$ fair value estimate for Centerra Gold from CA$17.55 to CA$22.00, citing updated metal price forecasts for 2026, along with refreshed expectations for revenue growth, profit margins, and future P/E multiples as the key factors behind the higher price targets across several recent research notes. Analyst Commentary Recent research on Centerra Gold has centered on recalibrated metal price forecasts for 2026, which feed directly into updated fair value estimates and price targets.
Narrative Update • Mar 18
CG: Higher Metal Price Assumptions Will Drive Future Cash Flow Upside
Analysts have nudged their average price target on Centerra Gold higher, pointing to updated metal price assumptions, refreshed forecasts for revenue growth and margins, and a series of recent CA$ price target increases from major firms as the key drivers behind the new CA$32.42 fair value estimate, up from CA$31.40. Analyst Commentary Recent Street research around Centerra Gold reflects a mix of optimism on valuation upside and caution on execution risk, with several firms adjusting price targets following updated metal price assumptions for 2026.Narrative Update • Mar 04
CG: Higher Metal Price Assumptions Will Support Future Earnings Power
Our updated work on Centerra Gold reflects a higher analyst price target of CA$31.40, up from CA$21.47, as analysts refresh their models following a series of Street target revisions tied to revised metal price assumptions and updated P/E expectations. Analyst Commentary Recent Street research on Centerra Gold clusters around a wave of target price adjustments tied to refreshed metal price forecasts and updated P/E assumptions.Narrative Update • Feb 17
CG: Higher Earnings Assumptions Will Face Risk From Lower Future P/E
Our updated Narrative price target for Centerra Gold moves from CA$9.48 to CA$17.55, reflecting analysts' higher assumptions for revenue growth, profit margins, and a lower future P/E multiple following a series of recent target hikes and an upgrade across several Canadian banks. Analyst Commentary Recent research highlights a cluster of higher price targets for Centerra Gold across several banks, but not all of the commentary is unreservedly positive.Narrative Update • Feb 03
CG: Higher-Priced Core Assets And Buybacks Will Support Future Upside
The analyst price target for Centerra Gold has been raised from $27.93 to $40.15 as analysts factor in updated assumptions around higher modeled revenue growth, a different profit margin profile, and a higher future P/E, supported by a series of recent target hikes and an upgrade from firms covering the stock. Analyst Commentary Bullish analysts covering Centerra Gold have been revisiting their models and adjusting price targets higher, reflecting updated views on revenue potential, profit margins, and the valuation multiples they are willing to use.Narrative Update • Jan 20
CG: Fair Value Outlook Balances Exploration Earn In And Share Buyback
The analyst price target for Centerra Gold has ticked higher by about C$0.25, with analysts pointing to updated fair value estimates, modest tweaks to discount and growth assumptions, as well as a lower projected future P/E multiple as key supports for the change. Analyst Commentary Bullish Takeaways Bullish analysts lifting their price targets, including the recent C$16.75 level, see room for the shares to better reflect updated fair value estimates.Narrative Update • Jan 06
CG: Fair Value Outlook Balances Project Expansion And Ongoing Share Buybacks
Analysts have nudged their fair value estimate for Centerra Gold higher from C$18.53 to C$20.54. This move aligns with a recent Street price target change to C$16.75, as they update assumptions on growth, margins and future P/E levels.Analysis Article • Dec 23
Improved Earnings Required Before Centerra Gold Inc. (TSE:CG) Stock's 26% Jump Looks Justified
Despite an already strong run, Centerra Gold Inc. ( TSE:CG ) shares have been powering on, with a gain of 26% in the...Narrative Update • Dec 14
CG: Share Buybacks Will Support Upside As Core Assets Deliver
Analysts have raised their price target on Centerra Gold from about $15.00 to roughly $27.93, reflecting updated views on discount rates, slightly slower growth and margins, and a higher expected future P E multiple. Analyst Commentary Bullish analysts have recently highlighted a constructive outlook on Centerra Gold, pointing to resilient asset performance and improved earnings visibility as key supports for higher valuation.Narrative Update • Nov 30
CG: Investment Projects And Share Buybacks Will Balance Risks In The Year Ahead
Analysts have modestly increased their price target for Centerra Gold, raising it to C$16.75 from C$16.50. They cite steady revenue growth and the company’s ongoing investment phase as key factors in their assessment.Narrative Update • Nov 16
CG: Share Buyback And Expansions Will Balance Investment Risks Ahead
Centerra Gold's analyst price target has moved slightly higher to $18.48. This reflects a more positive outlook from analysts as they weigh improved revenue growth and margin forecasts against ongoing operational and investment challenges.Narrative Update • Nov 01
CG: Investment Phase And Production Expansion Will Drive Long-Term Upside Potential
Centerra Gold's analyst price target increased from $16.59 to $18.41. This change reflects improved revenue growth and profit margin expectations according to recent analyst updates.Narrative Update • Oct 18
Mount Milligan And Goldfield Upgrades Will Unlock Sustainable Potential
Centerra Gold's analyst price target has recently shifted by approximately 13 percent, with analysts attributing the revision to a mixed outlook on core operations and expectations for project investments. This is reflected in a new average estimate of $9.50 to C$14 per share.Narrative Update • Oct 04
Mount Milligan And Goldfield Upgrades Will Unlock Sustainable Potential
Centerra Gold's analyst price target has shifted upward to $14.62 from $13.47, as analysts cite a balanced outlook that reflects both ongoing investment projects and evolving asset performance across the company’s portfolio. Analyst Commentary Recent analyst coverage reveals divided perspectives on Centerra Gold's current positioning and future trajectory.Narrative Update • Sep 14
Mount Milligan And Goldfield Upgrades Will Unlock Sustainable Potential
Analysts have raised Centerra Gold’s price target from CA$12.57 to CA$13.47 on optimism about its undervalued project pipeline and longer-term growth opportunities, though near-term cash flow and production concerns remain. Analyst Commentary Bullish analysts highlight deep value and potential upside from Centerra’s significant project pipeline, including Thompson Creek, Goldfield, and Kemess.Analysis Article • Sep 09
Earnings Tell The Story For Centerra Gold Inc. (TSE:CG) As Its Stock Soars 27%
The Centerra Gold Inc. ( TSE:CG ) share price has done very well over the last month, posting an excellent gain of 27...Analysis Article • Aug 10
Centerra Gold (TSE:CG) Has Announced A Dividend Of $0.07
Centerra Gold Inc. ( TSE:CG ) has announced that it will pay a dividend of $0.07 per share on the 4th of September. The...Analysis Article • May 14
Centerra Gold's (TSE:CG) Problems Go Beyond Weak Profit
Centerra Gold Inc.'s ( TSE:CG ) stock showed strength, with investors undeterred by its weak earnings report. We think...Analysis Article • May 08
Centerra Gold Inc. Just Recorded A 5.8% Revenue Beat: Here's What Analysts Think
It's been a pretty great week for Centerra Gold Inc. ( TSE:CG ) shareholders, with its shares surging 14% to CA$10.08...
New Narrative • Feb 19
Mount Milligan's Future Expansion May Enhance Revenue, But Cost Pressures Could Impact Margins
Long-term operations and strategic evaluations at Mount Milligan and Goldfield could enhance future earnings and revenue potential.Analysis Article • May 22
Shareholders Will Be Pleased With The Quality of Centerra Gold's (TSE:CG) Earnings
Centerra Gold Inc. ( TSE:CG ) recently posted some strong earnings, and the market responded positively. Our analysis...CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2026 | n/a | n/a | US$633m |
| Dec 31 2025 | US$3m | US$601k | US$584m |
| Sep 30 2025 | n/a | n/a | US$339m |
| Jun 30 2025 | n/a | n/a | US$75m |
| Mar 31 2025 | n/a | n/a | US$44m |
| Dec 31 2024 | US$3m | US$522k | US$80m |
| Sep 30 2024 | n/a | n/a | US$104m |
| Jun 30 2024 | n/a | n/a | US$136m |
| Mar 31 2024 | n/a | n/a | US$59m |
| Dec 31 2023 | US$2m | US$377k | -US$81m |
Compensation vs Market: Paul Botond's total compensation ($USD3.07M) is about average for companies of similar size in the Canadian market ($USD3.19M).
Compensation vs Earnings: Paul Botond's compensation has been consistent with company performance over the past year.
CEO
Paul Botond Tomory (52 yo)
3yrs
Tenure
US$3,068,826
Compensation
Mr. Paul Botond Stilicho Tomory serves as President & Chief Executive Officer and Director of Centerra Gold Inc. since May 1, 2023. He had been Chief Technical Officer of Kinross Gold Corporation since Jan...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 3yrs | US$3.07m | 0.038% CA$ 1.7m | |
| Executive VP & CFO | 2.1yrs | US$1.37m | 0.016% CA$ 721.7k | |
| Executive Vice President of People | 6.3yrs | US$1.23m | 0.026% CA$ 1.2m | |
| Executive Vice President of Legal & Public Affairs | 8.3yrs | US$1.25m | 0.039% CA$ 1.8m | |
| Executive VP & Interim Chief Operating Officer | less than a year | no data | no data | |
| Vice President of Investor Relations & Corporate Communications | no data | no data | 0.0047% CA$ 213.2k | |
| Executive Vice President of Strategy & Corporate Development and President of US Moly | 3yrs | no data | 0.0083% CA$ 377.1k | |
| President of Base Metals Division | no data | no data | no data | |
| Director of Geology | no data | no data | no data | |
| Executive Vice President of Major Projects | 1.7yrs | no data | 0.0010% CA$ 46.5k | |
| Treasurer & Director of Investor Relations | no data | no data | no data |
3.0yrs
Average Tenure
49yo
Average Age
Experienced Management: CG's management team is considered experienced (3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 3yrs | US$3.07m | 0.038% CA$ 1.7m | |
| Independent Director | 12yrs | US$276.21k | 0.024% CA$ 1.1m | |
| Independent Chair of the Board | 6yrs | US$209.46k | 0.065% CA$ 3.0m | |
| Independent Director | 4yrs | US$199.63k | 0.0021% CA$ 94.4k | |
| Independent Director | no data | no data | no data | |
| Independent Director | 1yr | US$128.46k | 0.0013% CA$ 58.7k | |
| Independent Director | 9.6yrs | US$208.37k | 0% CA$ 0 | |
| Independent Director | 2yrs | US$193.72k | 0.011% CA$ 477.3k | |
| Independent Director | 1yr | US$137.08k | no data |
3.0yrs
Average Tenure
61yo
Average Age
Experienced Board: CG's board of directors are considered experienced (3 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/24 13:02 |
| End of Day Share Price | 2026/05/22 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Centerra Gold Inc. is covered by 26 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Richard Gray | ATB Cormark |
| Raj Ray | BMO Capital Markets Equity Research |
| Brian Quast | BMO Capital Markets Equity Research |