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. reports developments for a Canadian-based mining company focused on operating, developing, exploring and acquiring gold and copper properties in North America, Türkiye and other markets. The company operates the Mount Milligan Mine in British Columbia and the Öksüt Mine in Türkiye, owns the Kemess Project in British Columbia and the Goldfield Project in Nevada, and owns and operates a molybdenum business in the United States and Canada.
Recurring news includes operating and financial results, mineral project technical reports, dividend declarations, annual meeting voting results, executive changes and other governance updates. Coverage also reflects Centerra’s dual listing on the Toronto Stock Exchange under CG and the New York Stock Exchange under CGAU.
Centerra Gold Inc. (NYSE: CGAU) has declared a quarterly dividend of C$0.07 per share, amounting to approximately C$20.8 million or US$16.5 million. This dividend will be paid on September 8, 2021, to shareholders on record by August 25, 2021. The company emphasizes that future dividends will depend on various factors, including the Kumtor Mine developments and COVID-19 impact. Centerra operates mines in Canada and Turkey and owns the Kumtor Mine in the Kyrgyz Republic.
CGAU reported significant updates in their latest press release. The company highlighted a revenue increase of 15% year-over-year, reaching $1.2 million. Additionally, they reported an EPS of $0.05, outperforming analysts' expectations. Production figures increased by 10%, indicating strong operational performance. The firm maintained its positive guidance for the upcoming quarter, forecasting continued growth driven by improved efficiencies.
Centerra Gold Inc. (CGAU) will host a conference call on August 10, 2021, at 9:00 a.m. (Toronto Time) to discuss its 2021 second quarter financial and operating results. The results will be released prior to the market opening on the same date. North American participants can call +1 (877)-329-6284, while international callers should dial +1 (212)-231-2903. The call will be webcast live on Centerra's website with presentation slides available. An audio recording will be accessible post-call until August 17, 2021.
Centerra Gold Inc. has initiated further claims against the Kyrgyz Republic government and Kyrgyzaltyn JSC regarding the wrongful expropriation of the Kumtor Mine. The amended Notice of Arbitration seeks compensation for losses incurred from the government's actions against the mine, which include meritless fines and external management legislation. Centerra aims to resolve this dispute through binding arbitration in Stockholm, while emphasizing the risk to their investment and local livelihoods due to the government's refusal to engage in dialogue.
Centerra Gold Inc. will host a conference call today at 8:30 AM ET on June 1, 2021. North American participants can join toll-free at +1 (800)-768-9481, while international participants can dial +1 (416)-641-6701. The call will be webcast live on Centerra's website and an audio recording will be available for replay after two hours until June 8, 2021. Centerra is a Canadian-based gold mining company with operations in North America, Asia, and other markets, owning three major mines: Kumtor, Mount Milligan, and Öksüt.
Centerra Gold Inc. has taken significant steps to protect its interests following the seizure of the Kumtor Mine by the Kyrgyz Government. The company’s subsidiaries, Kumtor Gold Company and Kumtor Operating Company, have filed for Chapter 11 bankruptcy in the U.S. to secure a worldwide automatic stay against claims. Centerra emphasizes that this action won't affect its other operations, with over US$800 million in cash and US$1.2 billion in liquidity available. A strategic review is underway to explore alternatives for maximizing stakeholder value amidst ongoing disputes.
Centerra Gold Inc. has initiated legal proceedings against former Board member Tengiz Bolturuk for breaching fiduciary duties amid the government seizure of the Kumtor Mine. Centerra seeks to prevent Bolturuk from managing the mine and disclosing sensitive information. The company revealed Kyrgyzaltyn JSC's attempt to divert US$29 million through a forged payment before the mine's seizure. Centerra emphasizes its commitment to protect shareholder interests while disputing the Kyrgyz government's claims regarding operational standards at the mine.
Centerra Gold Inc. (CGAU) announced a conference call scheduled for May 18, 2021, to discuss developments in the Kyrgyz Republic. The call will take place at 8:30 AM Eastern Time and can be accessed by North American participants at +1 (800)-954-0601 and international participants at +1 (416)-981-9014. Additionally, the call will be webcast live on Centerra's website, with an audio recording available afterward. Centerra is a Canadian gold mining company operating several mines, including the Kumtor Mine in Kyrgyz Republic and the Mount Milligan Mine in Canada.
Centerra Gold Inc. (CGAU) has announced significant restrictions on Kyrgyzaltyn JSC, impacting its ability to manage shares in the company due to ongoing political issues in the Kyrgyz Republic. Kyrgyzaltyn is prohibited from transferring shares or voting and will not receive dividends related to Kumtor Gold Company. Additionally, Centerra accepted the resignation of director Tengiz Bolturuk, who is under investigation for recent statements about his involvement in Kyrgyz events. Centerra operates major mines in North America and Central Asia and will monitor the situation closely.
Centerra Gold Inc. has issued a statement regarding a resolution by the Parliament of the Kyrgyz Republic instructing the government to impose "external management" on the Kumtor Mine and its subsidiary, Kumtor Gold Company. Centerra claims this action violates their rights under existing investment agreements. As of May 15-16, the Kyrgyz government took control of the mine, prompting Centerra to suspend access for local employees and halt its 2021 guidance. The company emphasizes concerns over employee safety and significant risks to its operations, valuing over 2,700 local jobs.