Centerra Gold Announces Quarterly Dividend
Centerra Gold Inc., recognized for its robust mining operations, has received approval from its Board of Directors for a quarterly dividend of C$0.07 per common share. This decision translates into an impressive total of approximately C$14.3 million or US$10.5 million aimed at rewarding shareholders.
Key Financial Insights
The upcoming dividend is scheduled for payment on a specified date to shareholders who are on record as of the previously mentioned cutoff. It's noteworthy that this qualifying dividend is deemed eligible under Canadian income tax regulations.
Understanding the Dividend Policy
Centerra adheres to an established dividend policy which emphasizes that the timing and magnitude of dividends will be regularly assessed by the Board of Directors. Several factors, including the company’s financial performance, cash flow, capital requirements, and overall market conditions, will influence future dividend announcements.
About Centerra Gold Inc.
Centerra Gold Inc. stands as a leading mining company specializing in gold and copper exploration and production. The company operates two mines: the renowned Mount Milligan Mine located in British Columbia and the Öksüt Mine situated in Türkiye. Furthermore, Centerra possesses various development and exploration projects, including the Kemess Project based in British Columbia and the Goldfield Project in Nevada, USA. Centerra’s commitment to quality and sustainability sets it apart in this competitive industry.
Shareholder Focus and Future Outlook
As part of its ongoing commitment to shareholders, Centerra continues to evaluate how best to enhance value. This involves not only examining dividend policies but also looking towards future growth opportunities. The company remains dynamic in the face of market challenges, ensuring it maintains a strong liquidity position while investing strategically for long-term benefits.
For More Information
For further inquiries or detailed information, please reach out to:
Lisa Wilkinson
Vice President, Investor Relations & Corporate Communications
(416) 204-3780
Lisa.Wilkinson@centerragold.com
Frequently Asked Questions
What is the declared dividend by Centerra Gold?
Centerra Gold has declared a quarterly dividend of C$0.07 per common share.
When will the dividend be paid?
The dividend is scheduled to be payable on a specified date to shareholders who hold shares as of a particular cutoff date.
What factors influence the dividend decisions of Centerra?
The Board of Directors considers operational results, cash flow, financial conditions, capital requirements, and general business conditions.
Where can I find more information about Centerra Gold?
For detailed information, you can check the company’s official site or contact their corporate communications.
What do the stock symbols CG and CGAU represent?
CG represents Centerra Gold on the Toronto Stock Exchange, while CGAU is its symbol on the New York Stock Exchange.
