Centerra Gold Increases Quarterly Dividend by 25% to C$0.05 per share
1 University Avenue, Suite 1500
Toronto, ON
M5J 2P1
tel 416-204-1953
fax 416-204-1954
www.centerragold.com
NEWS RELEASE
Centerra Gold Increases Quarterly Dividend by 25% to C$0.05 per share
Toronto, Canada, July 31, 2020: Centerra Gold Inc. (“Centerra”) (TSX: CG) announced today that its Board
of Directors has approved a quarterly dividend of C$0.05 per common share or C$14,725,699 (approximately
US$11.0 million). The quarterly dividend is payable on August 28, 2020 to shareholders of record on August
14, 2020. The dividends are eligible dividends for Canadian income tax purposes.
Scott Perry, President and CEO stated, “The decision of Centerra’s Board to increase the quarterly dividend by
25% to C$0.05 per common share announced today, and planned into the future , was based on our strong
operating performance and the higher gold price environment, both of which contributed to our growing free
cash flow and a debt-free balance sheet as at June 30, 2020.”
Centerra continues to proactively monitor closely the evolving situation relating to COVID-19 and how it may
affect the Company’s business. The Company notes that going forward, in addition to the other factors that the
Board of Directors normally consider s in connection with the declaration of dividends, it will als o need to
carefully consider whether, and the extent to which, developments relating to COVID-19 may affect its dividend
program. In accordance with Centerra’s dividend policy, the timing and quantum of dividends are to be
determined by the Board of Directors from time-to-time based on, among other things, the Company’s operating
results, cash flow and financial conditions, Centerra’s current and anticipated capital requirements, and general
business conditions.
About Centerra
Centerra Gold Inc. is a Canadian-based gold mining company focused on operating, developing, exploring and
acquiring gold properties in North America, Asia and other markets worldwide and is one of the largest
Western-based gold producers in Central Asia. Centerra operates two flagship assets, the Kumtor Mine in the
Kyrgyz Republic and the Mount Milligan Mine in British Columbia, Canada and has a third operating gold
mine, the 100% owned Öksüt Mine in Turkey. Centerra's shares trade on the Toronto Stock E xchange (TSX)
under the symbol CG. The Company is based in Toronto, Ontario, Canada.
For more information:
John W. Pearson
Vice President, Investor Relations
(416) 204-1953
Additional information on Centerra is available on the Company’s web site at www.centerragold.com
and at SEDAR at www.sedar.com.
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