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

Rhea-AI Summary

Centerra Gold Inc. has announced a quarterly dividend of C$0.07 per share, totaling approximately C$15.4 million or US$12.0 million. This dividend is payable on September 8, 2022, to shareholders on record by August 25, 2022. The company states that its dividend policy will be determined by the Board of Directors based on operating results, cash flow, and financial conditions. Centerra operates gold and copper properties in North America and Turkey, including the Mount Milligan and Öksüt mines.

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• Quarterly dividend of C$0.07 per share, approximately C$15.4 million total distribution.

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• None.

TORONTO, Aug. 10, 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$12.0 million. The quarterly dividend is payable on September 8, 2022, to shareholders of record on August 25, 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. 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/aa10d10d-1ed3-4ab1-a2e5-96249e6a8aaf

FAQ

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

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

When is the dividend payment date for Centerra Gold (CGAU)?

The dividend is payable on September 8, 2022.

What are the record dates for Centerra Gold's dividend (CGAU)?

Shareholders must be on record by August 25, 2022, to receive the dividend.

How much is Centerra Gold's dividend total for this quarter (CGAU)?

The total dividend payout is approximately C$15.4 million or US$12.0 million.

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

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