Centerra Gold Announces Quarterly Dividend of C$0.05 per common share
May 11 2021 - 6:31AM
Centerra Gold Inc. (“Centerra”) (TSX: CG) (NYSE: CGAU) announced
today that its Board of Directors has approved a quarterly dividend
of C$0.05 per common share – approximately C$14.8 million or
US$12.7 million. The quarterly dividend is payable on June 10, 2021
to shareholders of record on May 27, 2021. The dividend is an
eligible dividend for Canadian income tax purposes.
Centerra continues to proactively monitor
closely the evolving situation relating to COVID-19 and how it may
affect the Company’s business. The Company notes that going
forward, in addition to the other factors that the Board of
Directors normally considers in connection with the declaration of
dividends, it will also need to carefully consider whether, and the
extent to which, developments relating to COVID-19 affect its
dividend program. Centerra also notes that there is a great deal of
uncertainty regarding the Kumtor Mine due to recent legislative
changes in the Kyrgyz Republic, public rhetoric regarding
nationalization, and tax and legal claims and investigations
relating to the Kumtor Mine. Going forward, the Board of Directors
will also need to carefully consider whether, and the extent to
which, developments surrounding Kumtor will affect its declaration
of future dividends. 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 GoldCenterra
Gold Inc. is a Canadian-based gold mining company focused on
operating, developing, exploring and acquiring gold properties in
North America, Asia and other markets worldwide and is one of the
largest Western-based gold producers in Central Asia. Centerra
operates three mines, the Kumtor Mine in the Kyrgyz Republic, the
Mount Milligan Mine in British Columbia, Canada and the Öksüt Mine
in Turkey. 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:John W. PearsonVice
President, Investor Relations(416)
204-1953john.pearson@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/618f558c-14be-43a7-b946-7ec525bf6349
Centerra Gold (NYSE:CGAU)
Historical Stock Chart
From Jun 2024 to Jul 2024
Centerra Gold (NYSE:CGAU)
Historical Stock Chart
From Jul 2023 to Jul 2024