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

Rhea-AI Summary

Centerra Gold has declared a quarterly dividend of C$0.07 per share, totaling approximately C$15.3 million (US$11.5 million). This dividend is payable on March 28, 2023, to shareholders of record as of March 14, 2023. The dividend is eligible for Canadian income tax purposes. The Board will determine future dividends based on operating results, cash flow, and financial conditions. Centerra operates mines in Canada and Türkiye and is focused on gold and copper properties globally.

Positive

• Quarterly dividend declared at C$0.07 per share, totaling C$15.3 million.
• Dividend reflects company confidence in operational performance.

Negative

• None.

TORONTO, Feb. 23, 2023 (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$15.3 million or US$11.5 million. The quarterly dividend is payable on March 28, 2023, to shareholders of record on March 14, 2023. 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
(416) 204-1694
toby.caron@centerragold.com

Shae Frosst
(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/9266f30d-2c16-446c-ba8b-d8caebb775cc

 

FAQ

What is the dividend amount declared by Centerra Gold?

Centerra Gold has declared a dividend of C$0.07 per common share.

When will Centerra Gold's dividend be paid?

The dividend will be paid on March 28, 2023.

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

The record date for the dividend is March 14, 2023.

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

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

How much is the total dividend payout of Centerra Gold?

The total dividend payout is approximately C$15.3 million or US$11.5 million.