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

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Rhea-AI Summary

Centerra Gold (TSX: CG) (NYSE: CGAU) has declared a quarterly dividend of C$0.07 per common share, totaling approximately C$14.7 million or US$10.2 million. The dividend will be paid on March 27, 2025, to shareholders of record as of March 13, 2025. This dividend qualifies as an eligible dividend for Canadian tax purposes.

The company's Board of Directors determines dividend distributions based on various factors, including operating results, cash flow, financial conditions, capital requirements, and general business conditions.

Positive

Maintaining quarterly dividend payments demonstrates financial stability
Total dividend distribution of C$14.7 million (US$10.2 million) represents significant shareholder return

Negative

None.

02/20/2025 - 05:02 PM

TORONTO, Feb. 20, 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$14.7 million or US$10.2 million in aggregate. The quarterly dividend is payable on March 27, 2025, to shareholders of record as of the close of business on March 13, 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 Goldfield Project in Nevada, United States, the Kemess Project in British Columbia, Canada, 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 Centerra Gold's dividend amount for Q1 2025?

Centerra Gold (CGAU) has declared a quarterly dividend of C$0.07 per common share for Q1 2025.

When is Centerra Gold's Q1 2025 dividend payable?

The dividend is payable on March 27, 2025, to shareholders of record as of March 13, 2025.

What is the total value of Centerra Gold's Q1 2025 dividend distribution?

The total dividend distribution amounts to approximately C$14.7 million or US$10.2 million.

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

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

What factors determine Centerra Gold's dividend payments?

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