Centerra Gold Announces TSX Acceptance of Renewed Normal Course Issuer Bid and New $75 Million Langeloth Credit Facility
Centerra Gold's renewed NCIB was accepted by the TSX, allowing repurchase of up to 19.3 million shares (10% of public float) over the twelve months starting November 10, 2026. Separately, its Langeloth Metallurgical Facility secured a three-year, $75 million asset-based revolving credit facility with ING Capital for molybdenum working capital needs, reducing reliance on parent funding. The OSC also granted relief allowing up to 10% of the public float to be purchased via NYSE and U.S.
Key figures
- Deal Value Usd
- 75000000
- Ncib max shares
- 19318076
- Prior ncib vwap
- 24.33
- Shares outstanding
- 193671809
- Credit facility term
- three-year
- Credit facility type
- asset-based revolving working capital
- Ncib pct public float
- 10%
- Ncib daily limit shares
- 167484
- Prior ncib shares purchased
- 8970800
AI analysis
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