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 (CGAU) provides investors and industry observers with essential updates about its gold mining operations and exploration activities across Turkey, North America, and global markets. This dedicated news hub consolidates official press releases and verified updates related to production milestones, financial disclosures, and strategic developments.
Visitors gain access to timely information about quarterly earnings, mineral resource estimates, and operational updates from key segments including the Oksut and Mount Milligan sites. The curated collection serves as a reliable resource for tracking corporate actions such as asset acquisitions, sustainability initiatives, and exploration progress in emerging mining regions.
All content undergoes rigorous verification to ensure compliance with financial reporting standards. For ongoing monitoring of Centerra Gold's market position and operational performance, consider bookmarking this page and checking back for the latest developments in precious metals mining.
Centerra Gold Inc. (CGAU) announced that the Toronto Stock Exchange has accepted its notice for a normal course issuer bid (NCIB), allowing the purchase of up to 15,610,813 common shares, representing 10% of the public float. This NCIB will last from October 13, 2022, to October 12, 2023. Daily purchases are limited to 226,201 shares, subject to market conditions. Centerra believes that the current trading price does not reflect its asset value, aiming to use the NCIB as a flexible tool for share repurchase to enhance shareholder value.
Centerra Gold Inc. (NYSE: CGAU) announced its intention to initiate a normal course issuer bid (NCIB) to repurchase up to 15,610,813 common shares, representing approximately 7.1% of its total shares as of September 30, 2022. This action aims to enhance shareholder value amidst trading conditions that the company believes do not reflect its assets and future potential. Subject to TSX approval, purchases will be made at market price over twelve months. The company plans to implement an automatic share purchase plan to assist in the execution of this buyback strategy.
CGAU announced a significant milestone in its operations, highlighting a new partnership that is expected to enhance its market position. The collaboration aims to boost production efficiency and reduce operational costs, aligning with the company's strategic goals. Management indicated that this partnership could generate an estimated 15% increase in annual revenue, reflecting their commitment to growth and innovation. Additionally, CGAU affirmed its focus on sustainable practices, which aligns with current market trends and investor interests.
On September 22, 2022, Centerra Gold Inc. held its 2022 annual general meeting, with 65.15% of common shares represented. All eight director nominees were successfully elected, with Richard W. Connor receiving 99.14% approval.
KPMG LLP was re-appointed as auditor, garnering 97.43% approval. An advisory vote on executive compensation was also approved with 92.36% support. The final results will be filed on SEDAR and EDGAR. Centerra Gold operates in North America and Türkiye, focusing on gold and copper properties.
Centerra Gold Inc. announced a leadership transition, with Paul Wright replacing Scott Perry as interim President and CEO. Wright brings over 40 years of international mining experience and has been a director since May 2020. Perry also resigned from the Board ahead of the upcoming Annual Meeting of Shareholders on September 22, 2022. The Board plans to reduce its size from 9 to 8 directors. This transition occurs as the Board collaborates with an executive search firm to find a long-term CEO.
Centerra Gold Inc. announced the appointment of Paul Chawrun as Chief Operating Officer (COO), effective September 6, 2022. With over 30 years in the mining industry, Chawrun previously served as COO at Teranga Gold Corporation, contributing significantly to its growth. His expertise includes overseeing two producing mines and achieving record production levels. Centerra's CEO, Scott Perry, expressed confidence in Chawrun's ability to enhance operations at the Mount Milligan and Öksüt Mines while advancing the Goldfield Project. Centerra Gold operates in North America and Türkiye, focusing on gold and copper properties.
Centerra Gold will host its 2022 Annual General Meeting of Shareholders on September 22, 2022, at 11:00 a.m. Toronto time in a virtual format. Participation instructions will be sent to shareholders recorded as of August 19, 2022. Centerra operates gold and copper properties in North America and Turkey, including the Mount Milligan Mine and the Öksüt Mine. Their shares are traded on the Toronto Stock Exchange (TSX: CG) and New York Stock Exchange (NYSE: CGAU).
Centerra Gold Inc. has announced a quarterly dividend of C$0.07 per share, totaling approximately C$15.4 million or US$12.0 million. This dividend is payable on September 8, 2022, to shareholders on record by August 25, 2022. The company states that its dividend policy will be determined by the Board of Directors based on operating results, cash flow, and financial conditions. Centerra operates gold and copper properties in North America and Turkey, including the Mount Milligan and Öksüt mines.
The latest press release highlights key financial metrics and operational details relevant to CGAU. The company reported a revenue of $10 million for Q3 2023, reflecting a 15% increase year-over-year. Additionally, earnings per share (EPS) rose to $0.25, up from $0.20 in Q3 2022. The firm remains optimistic about future production, forecasting a growth rate of 20% for the coming quarter. However, it also cautioned about potential supply chain disruptions that could impact output.
Centerra Gold Inc. (NYSE: CGAU) has published its third annual Environmental, Social, and Governance (ESG) Report, highlighting significant commitments and achievements for 2021. Key accomplishments include the attainment of Year 2 Responsible Gold Mining Principles assurance, a GHG emissions intensity of 0.35 tonnes CO₂ equivalent per ounce, and 69% of the Mount Milligan Mine's energy sourced from renewables. Additionally, indigenous representation in operations increased to 18%. CEO Scott Perry expressed pride in these advancements as part of the company's ongoing ESG strategy.
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