Centerra Gold Declares C$0.07 Dividend for Shareholders
Centerra Gold Announces Quarterly Dividend
Centerra Gold Inc. has officially declared a quarterly dividend of C$0.07 per common share. This decision, made by the Board of Directors, represents a significant commitment to its shareholders, amounting to approximately C$14.7 million or US$10.2 million in total payout. The dividend is scheduled for distribution on March 27, ensuring shareholders who are on record by the end of business on March 13 will benefit from this initiative.
Understanding Centerra's Dividend Policy
The company’s dividend payments are carefully considered and guided by its established dividend policy. Factors influencing these decisions include the analysis of operating results and cash flow, the financial condition of the company, its current and expected capital requirements, as well as overall market conditions. Such measures are taken to ensure that dividends are sustainable and align with the company's growth and operational strategies.
About Centerra Gold
Centerra Gold Inc. is recognized as a prominent Canadian gold mining entity, primarily dedicated to the operation, development, exploration, and acquisition of gold and copper properties across North America, Türkiye, and various international markets. The company operates two primary mines: the Mount Milligan Mine located in British Columbia, and the Öksüt Mine situated in Türkiye. Beyond these, Centerra Gold also boasts ownership of projects like the Goldfield Project located in Nevada and the Kemess Project in British Columbia, where remarkable resources have been identified for further exploration.
Expanding Operations and Sustainability Efforts
Centerra Gold is not only committed to producing gold but also focuses on sustainable mining practices. The company implements innovative technologies and environmentally-conscious strategies designed to minimize the ecological impact of its operations. This dedication to sustainability is becoming increasingly vital in today’s resource extraction processes, ensuring that mining activities provide benefits while protecting valuable ecosystems.
Financial Stability and Future Prospects
With a strong financial foundation, Centerra Gold continues to enhance its position in the volatile commodity market. The company is actively investing in its projects, ensuring they are well-placed to capitalize on potential growth opportunities. Analysts and investors alike are optimistic about Centerra’s trajectory, especially in the context of anticipated gold demand in the coming years.
Company Communication and Investor Relations
For investors and those interested in learning more about the company's dedication to its stakeholders, Centerra Gold is proactive in its communication. Lisa Wilkinson, the Vice President of Investor Relations & Corporate Communications, offers insight into company strategies and operational updates. Interested parties can reach her at (416) 204-3780 for further inquiries.
Frequently Asked Questions
1. What is the new dividend declared by Centerra Gold?
Centerra Gold has declared a quarterly dividend of C$0.07 per common share.
2. When will the dividend be paid to shareholders?
The dividend will be paid on March 27 to shareholders of record as of March 13.
3. What factors influence Centerra Gold's dividend decisions?
Dividend decisions are based on operating results, cash flow, financial condition, capital requirements, and market conditions.
4. Where does Centerra Gold operate?
Centerra Gold operates in North America and Türkiye, with mines in British Columbia and Türkiye.
5. How can investors contact Centerra Gold for more information?
Investors can contact Lisa Wilkinson, Vice President of Investor Relations, at (416) 204-3780 for additional information.
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