This New $125 Million Position Signals Confidence in One Cash-Rich Mining Stock Up 150% in a Year

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Jonathan Ponciano, The Motley Fool

Sun, May 31, 2026 astatine 3:48 PM CDT 4 min read

On May 14, 2026, L1 Capital Pty disclosed a caller presumption successful Centerra Gold (NYSE:CGAU), acquiring 7,051,683 shares successful a transaction estimated astatine $125.39 cardinal based connected quarterly mean pricing.

What happened

According to an SEC filing dated May 14, 2026, L1 Capital Pty established a caller presumption successful Centerra Gold (NYSE:CGAU), acquiring 7,051,683 shares. The estimated transaction worth was $125.39 million, calculated utilizing the quarterly mean stock terms for the reporting period. At 4th end, the worth of the involvement was $124.95 million.

What other to cognize

L1 Capital’s caller presumption successful Centerra Gold represents 4.91% of its 13F reportable assets nether management.
Top 5 holdings aft the filing:
- NYSE: NXE: $408.34 cardinal (16.0% of AUM)
- NYSE: EGO: $358.42 cardinal (14.1% of AUM)
- NYSEMKT: EQX: $351.83 cardinal (13.8% of AUM)
- NYSEMKT: TGB: $226.51 cardinal (8.9% of AUM)
- NYSE: CRH: $194.51 cardinal (7.6% of AUM)
As of Friday, Centerra Gold shares were priced astatine $17.67, up astir 150% implicit the past year, and outperforming the S&P 500, which is up 28%

Company overview

Metric

Value

Market capitalization	$3.5 billion
Revenue (TTM)	$1.6 billion
Net income (TTM)	$633.0 million
Price (as of Friday)	$17.67

Company snapshot

Centerra Gold produces and sells golden and copper, with main gross derived from its Mount Milligan excavation successful Canada, and Öksüt excavation successful Turkey.
The steadfast operates an integrated mining concern model, generating income done the exploration, development, and merchantability of precious and basal metals.
It serves planetary commodity markets, supplying golden and copper to smelters, refiners, and concern customers worldwide.

Centerra Gold is simply a Toronto-based golden mining institution with operations successful North America and Turkey. The institution leverages wholly owned, large-scale mining assets to present accordant gross and profitability. Centerra Gold’s strategical absorption connected operational ratio and assets improvement underpins its competitory presumption successful the planetary golden and copper markets.

What this transaction means for investors

Centerra already sits alongside respective mining and metals names successful L1 Capital's portfolio, including NexGen Energy, Eldorado Gold, Equinox Gold, and Taseko Mines, truthful the caller presumption seems to suggest the money sees Centerra arsenic different charismatic mode to summation vulnerability to precious metals and copper.

Meanwhile, the institution entered 2026 with momentum. First-quarter gross jumped 62% twelvemonth implicit twelvemonth to $484.7 million, portion nett net climbed 160% to $79.4 million. Free currency travel reached $49 million, helping assistance currency balances to $543.5 cardinal and full liquidity to $943.5 million. CEO Paul Tomory highlighted beardown accumulation from some Mount Milligan and Öksüt, noting that higher-than-planned grades astatine Öksüt helped thrust robust escaped currency travel generation. He besides emphasized the company's "self-funded maturation strategy" arsenic it advances projects including Kemess, Thompson Creek, and Goldfield.

For semipermanent investors, the communicative is becoming astir much than golden prices. Centerra is utilizing beardown currency procreation to money aboriginal maturation and administer currency to shareholders, each portion maintaining a beardown equilibrium sheet. If absorption executes connected its pipeline, today's operations could beryllium lone portion of the company's semipermanent value.

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