Centerra Gold Announces Quarterly Dividend of C$0.07 per common share
February 25 2022 - 6:15AM
Centerra Gold Inc. (“Centerra”) (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$20.8 million or
US$16.3 million. The quarterly dividend is payable on March 25,
2022, to shareholders of record on March 11, 2022. The dividend is
an eligible dividend for Canadian income tax purposes.
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 the Kumtor Mine and / or COVID-19 affect
its dividend program. 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 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.
While the Company still owns the Kumtor Mine in the Kyrgyz
Republic, it is currently no longer under the Company’s control.
The Company also owns the pre-development stage Kemess Underground
Project in British Columbia, Canada and owns and operates the
Molybdenum Business Unit in the United States. 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 FrosstManager, Investor Relations(416)
204-2159shae.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.
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