Centerra Gold Announces Quarterly Dividend of C$0.07 per Common Share

Rhea-AI Summary

Centerra Gold announced a quarterly dividend of C$0.07 per common share, totaling approximately C$15.4 million (US$11.1 million). This dividend will be paid on December 2, 2022, to shareholders of record on November 18, 2022. The payout qualifies as an eligible dividend under Canadian tax law. The Board will determine future dividends based on operating results, financial health, and capital requirements.

Positive

• Quarterly dividend of C$0.07 per share to enhance shareholder income.
• Total dividend payout amounts to C$15.4 million or US$11.1 million.

Negative

• Dividends may strain cash reserves if operating results decline.
• -

TORONTO, Nov. 07, 2022 (GLOBE NEWSWIRE) -- Centerra Gold Inc. (“Centerra” or the “Company”) (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$15.4 million or US$11.1 million. The quarterly dividend is payable on December 2, 2022, to shareholders of record on November 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, Türkiye, and other markets worldwide. Centerra operates two mines: the Mount Milligan Mine in British Columbia, Canada, and the Öksüt Mine in Türkiye. 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.

A PDF accompanying this announcement is available at 

http://ml.globenewswire.com/Resource/Download/84661594-806e-4302-8650-0d3d8cc37400

FAQ

What is the dividend amount announced by Centerra Gold for 2022?

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

When is the dividend payment date for Centerra Gold?

The dividend is payable on December 2, 2022.

What is the record date for Centerra Gold's dividend payment?

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

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

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

How much will Centerra Gold pay in total dividends for this quarter?

Centerra Gold will pay a total of approximately C$15.4 million or US$11.1 million in dividends.