Centerra Gold Inc. - CGAU STOCK NEWS

CGAU reported its latest financial results, highlighting a strong performance in production metrics and revenue growth. The company achieved a total revenue of $10 million, a 15% increase from the previous quarter. EPS reached $0.05, exceeding market expectations. The press release also provided a positive outlook for the upcoming quarter, anticipating additional growth fueled by operational efficiencies. Furthermore, CGAU plans to enhance its production capabilities, which may lead to improved financial results in the near future.

Centerra Gold Inc. (CGAU) announced it will host a conference call on November 5, 2021, at 9:00 AM ET to discuss its Q3 financial results, which will be released before the market opens on the same day. Participants can access the call through specific toll-free numbers depending on their location. The call will be available via webcast on Centerra Gold’s website, and an audio recording will be accessible afterwards. Additionally, the company announced the retirement of John W. Pearson, VP of Investor Relations, effective December 31, 2021, with Toby Caron assuming his responsibilities.

Centerra Gold Inc. filed for urgent interim measures in international arbitration against the Kyrgyz Republic to address critical operational issues at the Kumtor Mine. The company claims that the government’s actions, including the illegal seizure of the mine, threaten its integrity and long-term viability. Centerra alleges that the government's management deviates from the approved mine plan, risking significant damage and production difficulties. Centerra seeks court orders to prevent further asset transfers and interference with its operations pending arbitration in Stockholm.

Centerra Gold Inc. (NYSE: CGAU) has declared a quarterly dividend of C$0.07 per share, amounting to approximately C$20.8 million or US$16.5 million. This dividend will be paid on September 8, 2021, to shareholders on record by August 25, 2021. The company emphasizes that future dividends will depend on various factors, including the Kumtor Mine developments and COVID-19 impact. Centerra operates mines in Canada and Turkey and owns the Kumtor Mine in the Kyrgyz Republic.

CGAU reported significant updates in their latest press release. The company highlighted a revenue increase of 15% year-over-year, reaching $1.2 million. Additionally, they reported an EPS of $0.05, outperforming analysts' expectations. Production figures increased by 10%, indicating strong operational performance. The firm maintained its positive guidance for the upcoming quarter, forecasting continued growth driven by improved efficiencies.

Centerra Gold Inc. (CGAU) will host a conference call on August 10, 2021, at 9:00 a.m. (Toronto Time) to discuss its 2021 second quarter financial and operating results. The results will be released prior to the market opening on the same date. North American participants can call +1 (877)-329-6284, while international callers should dial +1 (212)-231-2903. The call will be webcast live on Centerra's website with presentation slides available. An audio recording will be accessible post-call until August 17, 2021.

Centerra Gold Inc. has initiated further claims against the Kyrgyz Republic government and Kyrgyzaltyn JSC regarding the wrongful expropriation of the Kumtor Mine. The amended Notice of Arbitration seeks compensation for losses incurred from the government's actions against the mine, which include meritless fines and external management legislation. Centerra aims to resolve this dispute through binding arbitration in Stockholm, while emphasizing the risk to their investment and local livelihoods due to the government's refusal to engage in dialogue.

Centerra Gold Inc. will host a conference call today at 8:30 AM ET on June 1, 2021. North American participants can join toll-free at +1 (800)-768-9481, while international participants can dial +1 (416)-641-6701. The call will be webcast live on Centerra's website and an audio recording will be available for replay after two hours until June 8, 2021. Centerra is a Canadian-based gold mining company with operations in North America, Asia, and other markets, owning three major mines: Kumtor, Mount Milligan, and Öksüt.

Centerra Gold Inc. has taken significant steps to protect its interests following the seizure of the Kumtor Mine by the Kyrgyz Government. The company’s subsidiaries, Kumtor Gold Company and Kumtor Operating Company, have filed for Chapter 11 bankruptcy in the U.S. to secure a worldwide automatic stay against claims. Centerra emphasizes that this action won't affect its other operations, with over US$800 million in cash and US$1.2 billion in liquidity available. A strategic review is underway to explore alternatives for maximizing stakeholder value amidst ongoing disputes.