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

Rhea-AI Summary

Centerra Gold has declared a quarterly dividend of C$0.07 per common share, totaling approximately C$14.8 million (US$11.0 million). The dividend will be paid on November 27, 2024, to shareholders of record as of November 13, 2024. 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

• Maintaining quarterly dividend payments, indicating financial stability
• Total dividend distribution of C$14.8 million (US$11.0 million) to shareholders

Negative

• None.

News Market Reaction

-7.91%

1 alert

-7.91% News Effect

On the day this news was published, CGAU declined 7.91%, reflecting a notable negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

TORONTO, Oct. 31, 2024 (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$14.8 million or US$11.0 million in aggregate. The quarterly dividend is payable on November 27, 2024, to shareholders of record as of the close of business on November 13, 2024. 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 District 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 (CGAU) dividend amount for Q4 2024?

Centerra Gold's dividend for Q4 2024 is C$0.07 per common share.

When is Centerra Gold's (CGAU) next dividend payment date?

The dividend will be paid on November 27, 2024, to shareholders of record as of November 13, 2024.

What is the total value of Centerra Gold's Q4 2024 dividend distribution?

The total dividend distribution is approximately C$14.8 million or US$11.0 million in aggregate.

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

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