Centerra Gold Announces Approval of Quarterly Dividend
Toronto, Canada, February 20, 2025 – Centerra Gold Inc. (Centerra or the Company), a leading gold mining company with operations in North America, Central Asia, and other regions, announced today that its Board of Directors has approved the declaration of a quarterly dividend of C$0.07 per common share.
This dividend represents approximately C$14.7 million or US$10.2 million in aggregate. The 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.
Impact on Shareholders
For shareholders, this dividend payment is a sign of the Company’s financial strength and commitment to returning value to its investors. The payment will provide a steady stream of income for those relying on dividends for their investment portfolios. With an eligible dividend status, shareholders will also benefit from a lower tax rate on the dividend income.
Impact on the World
The approval of this dividend payment by Centerra’s Board of Directors underscores the company’s continued success in the gold mining industry. The dividend payment will contribute to the overall economic stability of the regions where Centerra operates. Additionally, the payment of dividends can lead to increased investor confidence, potentially driving up the stock price and attracting new investors.
Additional Insights
According to recent reports, Centerra Gold’s strong financial position is expected to continue. The company’s production is projected to increase in 2025 due to the ramp-up of its new projects. This growth, combined with the Company’s disciplined cost management and focus on operational excellence, will enable Centerra to generate strong cash flows and continue its dividend payments.
Moreover, Centerra’s commitment to sustainability and community engagement is another factor contributing to its positive impact on the world. The company’s operations in Central Asia, for instance, have led to significant economic development and job creation in the region. Centerra’s approach to responsible mining and its focus on environmental sustainability have earned it recognition as a leader in the industry.
Conclusion
Centerra Gold’s announcement of a quarterly dividend of C$0.07 per common share is a testament to the company’s financial strength and commitment to its investors. The dividend payment will provide a steady stream of income for shareholders, while contributing to the overall economic stability of the regions where Centerra operates. With a strong financial position, a focus on operational excellence, and a commitment to sustainability, Centerra Gold is well-positioned to continue its success in the gold mining industry and deliver value to its stakeholders.
- Centerra Gold announces quarterly dividend of C$0.07 per common share
- Approximately C$14.7 million or US$10.2 million in aggregate
- Dividend is payable on March 27, 2025, to shareholders of record as of March 13, 2025
- Dividend is an eligible dividend for Canadian income tax purposes
- Contributes to the economic stability of regions where Centerra operates
- Increases investor confidence and drives up stock price
- Strong financial position and focus on operational excellence
- Commitment to sustainability and community engagement
