Centerra Gold: Turkish Mine's Clock Is Ticking, But High Transition Potential Remains

  • Centerra Gold is a strong buy thanks to its strong balance sheet, zero debt, and significant cash flow potential even after recent production setbacks. The company trades at a deep discount to net asset value and offers a combined 7.8% yield through dividends and buybacks, providing strong shareholder returns. Key risks include heavy reliance on two mines, especially the Turkish asset facing declining production and geopolitical risk, making diversification urgent.