Centerra Gold Declares Quarterly Dividend for Shareholders
Centerra Gold Inc. is excited to announce that its Board of Directors has approved a quarterly dividend of C$0.07 per common share. This decision marks an approximate total payout of C$14.8 million or US$11.0 million, reflecting the company's commitment to delivering value to its shareholders.
Details of the Dividend Payment
The dividend is scheduled for payment on November 27 to shareholders who are officially recorded as of the close of business on November 13. It's important to note that this dividend qualifies as an eligible dividend according to Canadian income tax regulations.
Dividend Policy Considerations
Centerra’s Board of Directors bases its dividend policy on a variety of factors. These include the overall operating results, cash flow and financial stability, anticipated capital requirements, and the broader economic landscape. This approach ensures that dividend payments are sustainable and aligned with the company’s performance.
Overview of Centerra Gold Inc.
Centerra Gold is a prominent gold mining company based in Canada, dedicated to the development, exploration, and acquisition of gold and copper properties across North America and Türkiye, among other locations. The company currently operates two significant mines: the Mount Milligan Mine situated in British Columbia, Canada, and the Öksüt Mine located in Türkiye.
Expanding Operations and Projects
In addition to its active mines, Centerra Gold holds substantial interests in various projects, including the Goldfield District Project in Nevada, the Kemess Project in British Columbia, and the Molybdenum Business Unit, which operates across both the United States and Canada. Centerra’s shares are traded on the Toronto Stock Exchange under the symbol CG, as well as on the New York Stock Exchange under CGAU, demonstrating its robust presence in the market.
Investing in Future Growth
Centerra Gold remains focused on strategic growth and operational efficiency. The combination of quality assets and dedicated management has positioned the company favorably within the competitive mining sector. By emphasizing responsible resource management and innovation, Centerra aims to enhance shareholder value even further.
Commitment to Corporate Social Responsibility
Beyond financial performance, Centerra Gold is committed to sustainable practices and corporate social responsibility. The company actively engages with local communities and prioritizes environmentally-friendly mining practices. This commitment not only strengthens its market position but also fosters positive relationships with stakeholders.
Contact Information
For more information regarding this announcement or other inquiries, please contact Lisa Wilkinson, Vice President of Investor Relations and Corporate Communications, at (416) 204-3780 or via email.
Frequently Asked Questions
What is the amount of the declared dividend by Centerra Gold?
The declared dividend amount is C$0.07 per common share.
When is the dividend payment date?
The payment date for the dividend is set for November 27 of the current year.
What factors influence Centerra Gold's dividend policy?
Centerra’s dividend policy is influenced by operating results, cash flow, financial conditions, capital requirements, and overall business conditions.
What are Centerra Gold's key operational sites?
Centerra Gold operates the Mount Milligan Mine in British Columbia and the Öksüt Mine in Türkiye, among other projects in various locations.
How can investors find more information about Centerra Gold?
Investors can find additional information on Centerra Gold's website and through investor relations communications.
