Centerra Gold Inc. today reported its second quarter 2021 results. As a result of the seizure of the Kumtor Mine and the continuing actions by the Kyrgyz Republic, the Company has recognized a loss on the change of control and included the Kumtor Mine in discontinued operations. The Company’s results from continuing operations include the Mount Milligan Mine, the Öksüt Mine and the Molybdenum Business Unit.
Centerra Gold Inc. will host a conference call and webcast of its 2021 second quarter financial and operating results at 9:00 a.m. on Tuesday, August 10, 2021. The results are scheduled to be released before the market opens on Tuesday, August 10, 2021. North American participants should dial the toll-free number +1 -329-6284. International participants may access the call at +1 -231-2903. The conference call is being [...]
Centerra Gold Inc. announced today that it has brought additional claims against the government of the Kyrgyz Republic in binding arbitration and asserted claims against the state-owned entity Kyrgyzaltyn JSC in response to the wrongful expropriation of the Kumtor Mine. Among other relief, the Company's amended Notice of Arbitration seeks to hold the Kyrgyz government and Kyrgyzaltyn JSC responsible for any and all losses [...]
Centerra Gold Inc. will host a conference call today at 8:30 AM Eastern Time on Tuesday June 1, 2021. North American participants may access the call toll-free at +1 -768-9481. International participants may access the call at +1 -641-6701. The conference call is being webcast by Intrado and can be accessed live at Centerra Gold's website at www.centerragold.com. An audio recording of the call will be available [...]
Subsidiaries Kumtor Gold Company and Kumtor Operating Company Seek Worldwide Automatic Stay Protection via U.S. Chapter 11 Process; Filing Has No Additional Financial or Operational Impact on Centerra Gold or the Other Areas of its Business Company Announces Strategic Review Related to Kumtor Gold Company and Kumtor Operating Company of Alternative Avenues to Maximize Value to Stakeholders TORONTO, May 31, 2021 [...]
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 [...]