The firm disclosed a 7.05 million-share position in CGAU, representing 4.91% of its reportable assets under management.
L1 Capital Pty established a $125.39 million stake in Centerra Gold (NYSE:CGAU), acquiring 7.05 million shares as of May 14, 2026. The position, valued at $124.95 million at quarter-end, reflects confidence in the miner’s growth trajectory.
Centerra Gold shares have surged 150% over the past year, outpacing the S&P 500’s 28% gain. The new holding ranks as L1 Capital’s sixth-largest, comprising 4.91% of its 13F reportable assets, with top positions in NXE, EGO, and EQX.
The firm’s move underscores bullish sentiment in gold and copper producers, driven by strong commodity demand and operational performance at Centerra’s Mount Milligan and Öksüt mines.