Key Developments: Centerra Gold Inc (CAGDF.PK)
4.10USD
18 Jun 2013
$0.00 (+0.04%)
$4.09
$4.10
$4.10
$4.10
200
53,194
$13.34
$3.47
Latest Key Developments (Source: Significant Developments)
Centerra Gold Inc Announces Quarterly Dividend
Centerra Gold Inc announced that the Board of Directors has authorized a dividend of CAD0.04 per common share (approximately USD9.4 million at the current exchange rate). The dividend of CAD0.04 per common share is payable on June 6, 2013 to shareholders of record on May 23, 2013. The ex-dividend date will be May 21, 2013. The dividend is an eligible dividend for Canadian income tax purposes. Full Article
Stratex International Plc Announces New Strategic Alliance With Centerra Gold Inc's Subsidiary
Stratex International Plc announced a new strategic alliance (the Agreement) with a subsidiary of Centerra Gold (Centerra), a North American-based gold mining company, to explore for gold in a defined area in central Turkey. Following the successful sale of the Company's 30% interest in the Öksüt gold project to JV partner Centerra Exploration B.V., a subsidiary of Centerra, for USD20 million cash, plus up to USD20 million in future royalty payments, the Company has entered into an Agreement with Centerra to explore for major gold deposits within a 35,480 square kilometre area in central Turkey. Full Article
Centerra Gold Inc Reaffirms FY 2013 Production Guidance
Centerra Gold Inc announced that for fiscal 2013, it expects consolidated gold production to be in the 605,000 to 660,000 ounce range. Full Article
Centerra Gold Inc Authorizes Quarterly Dividend
Centerra Gold Inc announced that the Board of Directors has authorized a dividend of CAD0.04 per common share (approximately USD9.5 million at the current exchange rate). The dividend of CAD0.04 per common share is payable on March 21, 2013 to shareholders of record on March 7, 2013. The ex-dividend date will be March 5, 2013. The dividend is an eligible dividend for Canadian income tax purposes. Full Article
Centerra Gold Inc Closes Transaction To Acquire Remaining 30% Interest In Oksut Gold Project In Turkey
Centerra Gold Inc announced the closing of the purchase of the remaining 30% interest in the Oksut Gold Project, located in central Turkey. Closing of the transaction was conditional on the conversion of six exploration licences to two operation licences and other customary conditions. The two operation licences were received on January 16, 2013. On closing Centerra became the sole owner of the Oksut Gold Project and assumed operatorship and day to day management of the project. Full Article
Centerra Gold Inc Issues FY 2013 Production Guidance
Centerra Gold Inc announced that for fiscal 2013, it expects consolidated gold production to be in the 605,000 to 660,000 ounce range. Full Article
Stratex International Plc Announces Sale Of Interest In Öksüt Gold Project to Centerra Gold Inc
Stratex International Plc announced the sale of its 30% stake in the Öksüt gold project in Turkey to joint venture partner, Centerra Exploration B.V. (Centerra), a wholly owned subsidiary of Centerra Gold Inc. Stratex has accepted Centerra's offer to buy its 30% interest in Öksüt for up to USD40 million comprising the following; USD20.0 million payable in cash on completion completion is conditional on conversion of six Exploration Licences to two Operation Licences, anticipated before end Q1 2013; Up to a further USD20.0 million payable through a 1% Net Smelter Return (NSR) royalty. Proceeds of the sale will be utilised to advance the Company's exploration and drilling programmes in Ethiopia and Senegal (and elsewhere in West Africa), as well as new exploration initiatives in Turkey. Full Article
Centerra Gold Inc Announces Quarterly Dividend
Centerra Gold Inc announced that Board of Directors has authorized a dividend of CAD0.04 per common share (approximately USD9.5 million at the current exchange rate). The dividend of CAD0.04 per common share is payable on December 6, 2012 to shareholders of record on November 22, 2012. The ex-dividend date will be November 20, 2012. Full Article
Eurasian Minerals Inc Signs Agreement to Regain 100% Control of Jointly Owned Akarca Gold-Silver Project in Turkey from Centerra Gold Inc
Eurasian Minerals Inc (EMX) announced that it has signed an agreement to regain 100% ownership of the Akarca gold-silver property in Turkey (the Property). Previously, EMX had signed an agreement with a subsidiary of Centerra Gold Inc, pursuant to which Centerra could earn up to a 70% interest in the Property under a joint venture arrangement. Earlier this year, Centerra earned an initial 50% interest in the Property as a result of investing over USD5 million in drilling, geological mapping, geochemical sampling, and geophysical surveys. In June, EMX entered into discussions with Centerra to regain control of the Property in return for relieving Centerra of certain exploration and payment obligations. Centerra and EMX have signed an agreement pursuant to which EMX will again control 100% of the Akarca property. Full Article
Centerra Gold Inc Revises FY 2012 Production Outlook-Conference Call
Centerra Gold Inc announced that with the unexpected ice movement that had in March of this year at Kumtor, the Company forced to revise production outlook for fiscal 2012 and has delayed access to the high-grade SB Zone, So it is now looking at producing about 460,000 ounces for the year. Full Article
UPDATE 1-Kyrgyz MPs set new deadline for deal with Centerra Gold
* Parliament sets Sept 10 deadline for new Kumtor mine deal
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