Why One Fund's $4 Million Centerra Gold Exit Looks Like Profit-Taking Amid a 150% Rally
2026-05-10 11:22:01 ET
On May 8, 2026, CM Management reported selling its entire 200,000-share stake in Centerra Gold (NYSE:CGAU) , an estimated $3.56 million trade based on quarterly average pricing.
According to a Securities and Exchange Commission (SEC) filing dated May 8, 2026, CM Management, LLC fully exited its position in Centerra Gold by selling 200,000 shares. The estimated transaction value was $3.56 million, calculated using the mean unadjusted close within the first quarter. The quarter-end value of the position declined by $2.87 million, reflecting both the trade and price movements during the period.
Centerra Gold is a mid-sized mining company with a diversified portfolio of producing assets in North America and Turkey. Its competitive edge lies in its wholly owned mining projects, such as the Mount Milligan and Öksüt mines.
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