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

On May 14, 2026, L1 Capital Pty disclosed a new position in Centerra Gold (NYSE:CGAU) , acquiring 7,051,683 shares in a transaction estimated at $125.39 million based on quarterly average pricing.

According to an SEC filing dated May 14, 2026, L1 Capital Pty established a new position in Centerra Gold (NYSE:CGAU) , acquiring 7,051,683 shares. The estimated transaction value was $125.39 million, calculated using the quarterly average share price for the reporting period. At quarter end, the value of the stake was $124.95 million.

L1 Capital’s new position in Centerra Gold represents 4.91% of its 13F reportable assets under management.

As of Friday, Centerra Gold shares were priced at $17.67, up roughly 150% over the past year, and outperforming the S&P 500, which is up 28%

Centerra Gold produces and sells gold and copper, with principal revenue derived from its Mount Milligan mine in Canada, and Öksüt mine in Turkey.

The firm operates an integrated mining business model, generating income through the exploration, development, and sale of precious and base metals.

It serves global commodity markets, supplying gold and copper to smelters, refiners, and industrial customers worldwide.

Centerra Gold is a Toronto-based gold mining company with operations in North America and Turkey. The company leverages wholly owned, large-scale mining assets to deliver consistent revenue and profitability. Centerra Gold’s strategic focus on operational efficiency and resource development underpins its competitive position in the global gold and copper markets.