Centerra Gold remains a Strong Buy, with a significant valuation discount despite a >200% stock rally YoY and their robust North American pivot. CGAU's financial strength, debt-free balance sheet, strong liquidity, and self-funded growth pipeline support ongoing investments and shareholder returns. Production guidance is 250–280k oz gold and 50–60M lbs copper at AISC $1,650–$1,750, with Turkish exposure declining in the near future and North American projects advancing.