Centerra Gold

Centerra Gold (TSE:CG) Paying First Dividend in its History

With attention being fixated on gold and gold mining companies, a number of firms have made changes to attract investors and gravitate toward being run like a company people understand. Centerra Gold (NYSE:CG) has responded in that regard by announcing their first dividend payout in the history of the company,. Starting on September 1, shareholders will receive a dividend of 6 Canadian cents

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Centerra Gold (TSE:CG) Profitable Again

Centerra Gold (TSE:CG) has returned to profitability this quarter, as stability in Kyrgyzstan helped the gold miner to increase production, along with higher gold prices, helped them to a solid performance. For the quarter, Centerra exceeded expectations, generating earnings of $29.8 million, or 13 cents a share. Last year in the same quarter the company had a loss of $79.6 million, or 36 cents.

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Centerra Gold (TSE:CG) Closes REN Deal with Barrick (NYSE:ABX)

Centerra Gold (TSE:CG) announced it has completed the sale of its 64 percent stake in the REN joint venture they had with Barrick Gold (NYSE:ABX) subsidiary Homestake Mining Company.The 64 percent stake was sold by Centerra for $35.2 million. Centerra was down in Toronto on Monday by $0.12, or 1.06 percent. The stock was trading at $11.24 as of 2:32 PM EDT.Barrick was at $45.75, a $0.20 fall, or

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Centerra (TSE:CG) CEO Reiterates Acquisition Plans

Centerra Gold Inc. (TSE:CG) CEO Stephen Lang reiterated his plans to grow the company primarily via acquisitions rather than organically, confirming again they’ve set aside $2.9 billion for that purpose over the next year.Lang said, “We would be interested in something that is approximately our size. We are looking for potential acquisitions that are in the late stages of exploration.” They are

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Centerra (TSE:CG) Seeking Quality Acquisition

Filed in Centerra Gold, ceo, Debt, Gold, Gold Prices, silver, Stephen Lang by on May 29, 2010 0 Comments

Strong gold prices has helped Centerra Gold (TSE:CG) reach the enviable position of being debt-free and flush with cash, which allows them to search out some quality acquisitions. After the first quarter, Centerra had cash and short-term investments valued at $384.2 million, and adding to it on a consistent basis. According to CEO Stephen Lang, he doesn’t see it as absolutely vital to the

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Teck Resources (TSE:TCK.B), Centerra Gold (TSE:CG), Eldorado Gold (TSE:ELD) Down on Greek Worries

Teck Resources (TSE:TCK.B),Centerra Gold (TSE:CG) and Eldorado Gold (TSE:ELD) are all down today as concerns over the Greek debt crisis continues to be a major factor in the markets.Centerrra Gold has the added burden of violence and geo-political problems in Kyrgyzstan, where their flagship mine – Kumtor is located. This is going to continue to be the story until the Greek crisis resolves itself

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