Centerra Gold Announces Quarterly Dividend of C$0.07 per Common Share

Rhea-AI Summary

Centerra Gold Inc. (NYSE: CGAU) has declared a quarterly dividend of C$0.07 per common share, totaling approximately C$14.6 million (US$10.1 million). The dividend will be paid on June 5, 2025, to shareholders of record as of May 22, 2025. This dividend qualifies as an eligible dividend for Canadian tax purposes. The company's Board of Directors determines dividend payments based on factors including operating results, cash flow, financial conditions, capital requirements, and general business conditions.

Positive

• Regular dividend payment demonstrates financial stability and commitment to shareholder returns
• Dividend maintains consistent C$0.07 per share payout level

Negative

• None.

News Market Reaction

+15.59%

1 alert

+15.59% News Effect

On the day this news was published, CGAU gained 15.59%, reflecting a significant positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

TORONTO, May 06, 2025 (GLOBE NEWSWIRE) -- Centerra Gold Inc. (“Centerra” or the “Company”) (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$14.6 million or US$10.1 million in aggregate. The quarterly dividend is payable on June 5, 2025, to shareholders of record as of the close of business on May 22, 2025. The dividend is an eligible dividend for Canadian income tax purposes.

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, 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 and copper properties in North America, Türkiye, and other markets worldwide. Centerra operates two mines: the Mount Milligan Mine in British Columbia, Canada, and the Öksüt Mine in Türkiye. The Company also owns the Kemess Project in British Columbia, Canada, the Goldfield Project in Nevada, United States, and owns and operates the Molybdenum Business Unit in the United States and Canada. 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:

Lisa Wilkinson
Vice President, Investor Relations & Corporate Communications
(416) 204-3780
Lisa.Wilkinson@centerragold.com

Additional information on Centerra is available on the Company’s website at www.centerragold.com, on SEDAR+ at www.sedarplus.ca and EDGAR at www.sec.gov/edgar.

FAQ

What is the dividend amount for Centerra Gold (CGAU) announced in May 2025?

Centerra Gold announced a quarterly dividend of C$0.07 per common share, totaling approximately C$14.6 million or US$10.1 million.

When is the payment date for Centerra Gold's Q2 2025 dividend?

The dividend payment date is June 5, 2025, for shareholders of record as of May 22, 2025.

Is Centerra Gold's dividend eligible for Canadian tax purposes?

Yes, the dividend is classified as an eligible dividend for Canadian income tax purposes.

How does Centerra Gold determine its dividend payments?

Centerra's Board of Directors determines dividend payments based on operating results, cash flow, financial conditions, capital requirements, and general business conditions.