Centerra Gold Announces Quarterly Dividend of C$0.07 per common share

Rhea-AI Summary

Centerra Gold Inc. (CGAU) has announced a quarterly dividend of C$0.07 per share, totaling approximately C$20.8 million (US$16.6 million), payable on June 1, 2022. Shareholders of record by May 18, 2022, will receive this eligible dividend. The Board of Directors will determine future dividends based on operating results, cash flow, financial conditions, and capital requirements.

Centerra operates gold and copper properties across North America and Turkey, with current operations including the Mount Milligan Mine and the Öksüt Mine, alongside development and exploration projects.

Positive

• Quarterly dividend of C$0.07 per share approved, amounting to C$20.8 million.
• Dividend payable on June 1, 2022, supports income for shareholders.

Negative

• None.

TORONTO, May 04, 2022 (GLOBE NEWSWIRE) -- Centerra Gold Inc. (“Centerra”) (TSX: CG) (NYSE: CGAU) announced today that its Board of Directors has approved a quarterly dividend of C$0.07 per common share – approximately C$20.8 million or US$16.6 million. The quarterly dividend is payable on June 1, 2022, to shareholders of record on May 18, 2022. The dividend is an eligible dividend for Canadian income tax purposes.

In accordance with Centerra’s dividend policy, the timing and quantum of dividends are to be determined by the Board of Directors from time-to-time based on, among other things, the Company’s operating results, cash flow and financial conditions, Centerra’s current and anticipated capital requirements, and general business conditions.

About Centerra Gold

Centerra Gold Inc. is a Canadian-based gold mining company focused on operating, developing, exploring and acquiring gold and copper properties in North America, Turkey, and other markets worldwide. Centerra operates two mines: the Mount Milligan Mine in British Columbia, Canada, and the Öksüt Mine in Turkey. While the Company still owns the Kumtor Mine in the Kyrgyz Republic, it is currently no longer under the Company’s control. The Company also owns the Goldfield District Project in Nevada, United States, the Kemess Underground Project in British Columbia, Canada, and owns and operates the Molybdenum Business Unit in the United States and Canada. Centerra’s shares trade on the Toronto Stock Exchange (“TSX”) under the symbol CG and on the New York Stock Exchange (“NYSE”) under the symbol CGAU. The Company is based in Toronto, Ontario, Canada.

For more information:
Toby Caron
Treasurer and Director, Investor Relations
(416) 204-1694
toby.caron@centerragold.com

Shae Frosst
Manager, Investor Relations
(416) 204-2159
shae.frosst@centerragold.com

Additional information on Centerra is available on the Company’s web site at www.centerragold.com and at SEDAR at www.sedar.com and EDGAR at www.sec.gov/edgar.

PDF available: http://ml.globenewswire.com/Resource/Download/2807bf8f-972c-4e86-b563-4c037fb509a0

 

FAQ

What is the dividend amount announced by Centerra Gold (CGAU)?

Centerra Gold announced a quarterly dividend of C$0.07 per share.

When will Centerra Gold's dividend be paid?

The dividend will be paid on June 1, 2022.

When is the record date for Centerra Gold's dividend?

The record date for the dividend is May 18, 2022.

Is the dividend from Centerra Gold eligible for Canadian tax purposes?

Yes, the dividend is an eligible dividend for Canadian income tax purposes.

What factors influence Centerra Gold's dividend policy?

The dividend policy is influenced by the company's operating results, cash flow, financial conditions, and capital requirements.