Centerra Gold Inc. today announced that it had initiated proceedings in the Ontario Superior Court of Justice against Tengiz Bolturuk, a former member of its Board of Directors, in response to flagrant breaches of his fiduciary duties to the Company related to the recent seizure of the Kumtor Mine by the Government of the Kyrgyz Republic. Centerra seeks to enjoin Mr. Bolturuk, who was nominated to the Board by the Kyrgyz [...]
Centerra Gold Inc. will host a conference call today to discuss developments in the Kyrgyz Republic at 8:30 AM Eastern Time on Tuesday May 18, 2021. North American participants may access the call toll-free at +1 -954-0601. International participants may access the call at +1 -981-9014. The conference call is being webcast by Intrado and can be accessed live at Centerra Gold's website at www.centerragold.com. An audio [...]
Centerra Gold Inc. announced today that, as a result of the recent events in the Kyrgyz Republic, Kyrgyzaltyn JSC, together with its affiliates, are prohibited from transferring or encumbering any common shares of the Company or exercising any voting rights attached to Centerra shares. In addition, dividends or distributions on Centerra shares that would otherwise be payable to Kyrgyzaltyn or its affiliates will be [...]
Centerra Gold Inc. issued the following statement today in response to the adoption of a resolution by the Parliament of the Kyrgyz Republic, instructing the Government to install "external management" at the Kumtor Mine and Centerra's Kyrgyz subsidiary, Kumtor Gold Company , and associated developments. The Company understands that the Parliament purported to act under a new law, applicable only to Centerra and KGC, that [...]
Centerra Gold Inc. announced today that it has initiated binding arbitration against the Government of the Kyrgyz Republic to enforce its rights under longstanding investment agreements with the Government. Centerra seeks to enjoin the Government from taking further steps to implement recently adopted legislation or to pursue recently procured fines and tax claims against the Kumtor Gold Company , all of which violate the [...]
Centerra Gold Inc. announces that the 11 nominees listed in the management information circular for its 2021 annual general meeting of shareholders held earlier today were elected as directors of Centerra. The vote for director nominees was conducted by ballot. 168,096,447 shares were represented at the Meeting, representing 56.69% of Centerra's issued and outstanding common shares. The detailed results of the vote for [...]
Centerra Gold Inc. announced today that its Board of Directors has approved a quarterly dividend of C$0.05 per common share - approximately C$14.8 million or US$12.7 million. The quarterly dividend is to shareholders of record on May 27, 2021. The dividend is an eligible dividend for Canadian income tax purposes. Centerra continues to proactively monitor closely the evolving situation relating to COVID-19 and how it may [...]
Centerra Gold Inc. today reported its first quarter 2021 results. Key events and operating results of the first quarter included: Net earnings and adjusted net earningsNGof $167.4 million, $0.57 per common share, and $84.2 million, $0.28 per common share, respectively. Cash flow from operations and free cash flowNG of $153.1 million and $72.1 million, respectively.
Centerra Gold Inc. announced today that it has become aware of a number of legal and political developments in the Kyrgyz Republic which may affect Centerra's ownership of the Kumtor Mine and its rights under the 2009 restated project agreements which govern the Kumtor Mine. First, the Company understands that a law has been passed by the Kyrgyz Republic Parliament which would enable the Kyrgyz Republic Government to [...]
Centerra Gold Inc. is pleased to announce that the Company has received approval to list its common shares on the New York Stock Exchange . Trading of the Company's common shares is expected to commence under the symbol "CGAU" on Thursday, April 15, 2021. The Company's primary exchange will remain the Toronto Stock Exchange. Scott Perry, President and CEO, Centerra Gold, commented: "We are listing on the NYSE at a time [...]
Centerra Gold Inc. will host a conference call and webcast to discuss the 2021 first quarter operating and financial results on Tuesday, May 11, 2021 at 8:30 a.m. . The quarterly results are scheduled to be released before the market opens on Tuesday, May 11, 2021. The Company will also host its 2021 Annual Meeting of Shareholders on May 11, 2021 at 11:00 a.m. in a virtual only format. 2021 First Quarter Results [...]
Centerra Gold Inc. comments today on tax claims received by its Kyrgyz Republic subsidiary, Kumtor Gold Company CJSC , from the Kyrgyz Republic State Tax Service. The claims include: a claim for approximately U.S.$106 million related to withholding taxes on dividends paid to its direct parent company, Centerra, during the years 2016 and 2017; and a claim for approximately U.S.$17 million related to payroll deductions not [...]