Welcome to our dedicated page for Centerra Gold news (Ticker: CGAU), a resource for investors and traders seeking the latest updates and insights on Centerra Gold stock.
Centerra Gold Inc. (symbol: CGAU) is a prominent gold mining and exploration company that operates globally, with significant projects and operations spanning Asia, North America, and other key markets. The company's core business includes the exploration, development, operation, and acquisition of gold properties. Centerra Gold manages its operations through various reportable segments categorized by geographical locations and products.
The Kyrgyz Republic segment encompasses the operations of the Kumtor Gold Project, a large and established mining site contributing significantly to the company's gold production. In Turkey, the OksUt Project is a pivotal development representing the Turkish segment, underscoring the company's strategic expansion in promising regions. The North American Gold-Copper segment includes the operations of the Mount Milligan Mine, which is noteworthy for its mixed metal output, thus diversifying Centerra's portfolio. Additionally, the North American Molybdenum segment comprises the operations of the Langeloth processing facility and the care and maintenance activities of the Endako and Thompson Creek Mines.
Recent achievements include advancements in operational efficiency and exploration success, positioning Centerra as a key player in the gold mining industry. The company maintains robust financial health, underpinned by strategic partnerships and a balanced portfolio of assets that ensure steady revenue streams.
For the latest updates and detailed information, visit the company's website at www.centerragold.com or financial disclosure platforms such as SEDAR+ and EDGAR.
Centerra Gold Inc. has filed its 2022 annual report on Form 40-F with the U.S. Securities and Exchange Commission, which includes the 2022 annual information form, audited financial statements, and management's discussion and analysis. These documents can be accessed through EDGAR and have also been submitted to Canadian regulatory bodies, available on SEDAR. Additionally, all documents are accessible on the company's website. Centerra Gold is focused on mining, developing, and exploring gold and copper properties primarily in North America and Türkiye, operating the Mount Milligan and Öksüt mines.
Centerra Gold Inc. announced the appointment of Paul Tomory as President and CEO, effective May 1, 2023. Michael Parrett, Chair of the Board, expressed confidence in Tomory's leadership and technical expertise, highlighting his extensive experience in mining and engineering. Tomory previously served as Executive VP and Chief Technical Officer at Kinross Gold. He aims to leverage Centerra's strong balance sheet and operating assets to deliver sustainable value and growth. The company also acknowledged the contributions of former Interim CEO Paul Wright, particularly in advancing operations at the Öksüt Mine.
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.
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