Welcome to our dedicated page for Centerra Gold news (Ticker: CGAU), a resource for investors and traders seeking the latest updates and insights on Centerra Gold stock.
Centerra Gold Inc. (NYSE: CGAU, TSX: CG) is a Canadian-based gold mining company whose news flow reflects operating performance, project development and capital allocation decisions across its gold, copper and molybdenum businesses. The company operates the Mount Milligan Mine in British Columbia, Canada, and the Öksüt Mine in Türkiye, and owns the Kemess Project in British Columbia, the Goldfield Project in Nevada, and a Molybdenum Business Unit in the United States and Canada.
The news stream for Centerra Gold covers quarterly and annual operating and financial results, including gold and copper production volumes, sales, unit costs and cash flow metrics. Releases also discuss factors influencing results, such as metal prices, mine performance and capital expenditures at assets like Mount Milligan, Öksüt and Thompson Creek. Investors following CGAU news can see how these factors affect earnings, liquidity and the company’s ability to fund its growth pipeline.
Another key theme in Centerra’s news is project development. The company publishes updates on technical studies and economic assessments, such as the Pre-Feasibility Study for Mount Milligan and the technical study for the Goldfield Project in Nevada. These announcements describe mine life, production profiles, capital requirements and project economics, and outline how projects like Goldfield and Kemess fit into Centerra’s broader gold growth strategy.
Capital allocation and shareholder returns are also frequent topics. News releases describe quarterly dividends, renewals of the normal course issuer bid, and share repurchases, along with commentary on how these actions align with the company’s financial position and priorities. For ongoing insight into CGAU, this news page aggregates company announcements, operational updates, technical report filings and other disclosures that shape Centerra Gold’s outlook.
Centerra Gold Inc. (NYSE: CGAU) announced that at a special meeting of shareholders, 96.83% voted in favor of a proposed plan of arrangement related to a global agreement with Kyrgyzaltyn JSC and the Kyrgyz Government. This transaction is subject to an Ontario Superior Court approval, with a hearing anticipated on July 28, 2022. Additionally, Centerra received an extension from the Toronto Stock Exchange to hold its annual meeting by September 30, 2022, with details to follow. The company emphasizes the potential risks associated with the transaction, including political and regulatory uncertainties in Kyrgyzstan.
Centerra Gold Inc. will hold a conference call and webcast on August 10, 2022, at 9:00 a.m. ET to discuss its Q2 2022 operating and financial results. The results will be released before market opening on the same day. North American participants can dial +1 (800) 764-8268, while international callers can reach +1 (416) 981-9010. The call will also be accessible via a live webcast, with slides available on the company's website. An audio recording will be available until August 24, 2022.
Centerra Gold has announced a special meeting of shareholders on July 25, 2022, to vote on a proposed plan of arrangement concerning the global arrangement agreement with Kyrgyzaltyn JSC and the Kyrgyz Government. The meeting will be held virtually at 11:00 a.m. Toronto time, with a record date of June 27, 2022. The Arrangement requires two-thirds approval from the shareholders. The Board of Directors recommends voting in favor of the resolution. There is a caution regarding the uncertainty of satisfying the conditions for the Arrangement.
Centerra Gold Inc. (CGAU) has announced a quarterly dividend of C$0.07 per share, totaling approximately C$20.8 million (US$16.6 million), payable on June 1, 2022. Shareholders of record by May 18, 2022, will receive this eligible dividend. The Board of Directors will determine future dividends based on operating results, cash flow, financial conditions, and capital requirements.
Centerra operates gold and copper properties across North America and Turkey, with current operations including the Mount Milligan Mine and the Öksüt Mine, alongside development and exploration projects.
CGAU reported net earnings of $89.4 million or $0.30 per common share for the recent quarter. Adjusted net earnings stood at $56.4 million, equivalent to $0.19 per common share. All figures are in United States dollars and are based on a continuing operations basis.
This performance reflects the company's ongoing commitment to operational excellence and profitability.
Centerra Gold Inc. will host a conference call on May 4, 2022, at 9:30 a.m. ET to discuss its Q1 2022 operating and financial results. The results will be released before the market opens that day. North American participants can dial +1 (877) 758-1913, while international callers may use +1 (416) 641-6202. The call will be webcast live, and an audio recording will be available until May 18, 2022. Centerra Gold is focused on gold and copper mining in North America and Turkey, operating the Mount Milligan and Öksüt mines.
Centerra Gold Inc. has entered a global arrangement agreement with Kyrgyzaltyn JSC and the Kyrgyz Government to facilitate a clean separation regarding the Kumtor Mine. This agreement involves Kyrgyzaltyn transferring 77.4 million Centerra shares, representing approximately 26% equity interest, to Centerra for C$972 million. In return, Kyrgyzaltyn will gain full ownership of two Kyrgyz subsidiaries and the Kumtor Mine, along with a cash payment. The arrangement is subject to shareholder approval and legal proceedings termination, expected to close within 90 days. The Board recommends support for the deal.
Centerra Gold Inc. announced on March 28, 2022, that the Kyrgyz Republic's Cabinet of Ministers has approved negotiations for a transaction concerning its Kumtor Mine. The expected deal will likely involve exchanging Centerra's Kumtor interest for shares of Kyrgyzaltyn JSC and include the resolution of all claims between the parties. However, there is no guarantee that this transaction will reach completion, as ongoing processes and approvals remain pending. Centerra continues to navigate significant uncertainties regarding this agreement.
Centerra Gold Inc. (CGAU) has filed its 2021 annual report on Form 40-F with the U.S. Securities and Exchange Commission. This report includes the annual information form, audited financial statements, and management’s discussion and analysis, accessible via EDGAR and SEDAR. Additionally, these documents are available on the company's website. Centerra operates two gold mines and owns properties in North America and Turkey, while the Kumtor Mine remains outside its control.
Centerra Gold announced the temporary suspension of gold doré bar production at the Öksüt Mine following the detection of mercury in the ADR plant. The company is implementing safety protocols and evaluating technical solutions to address this issue, including a retort and scrubbing system. Despite the suspension, ore continues to be mined and processed into gold-in-carbon form, which will be stockpiled. As of March 17, over 54,000 gold ounces were produced and sold. The company is assessing the impact on its 2022 guidance and plans to provide further updates.