Written by 2:54 pm Ontario Views: 0

Centerra Gold boosts dividend after Q2 profits surge to US$80.7 million

TORONTO — Centerra Gold Inc. is boosting its quarterly dividend by 25 per cent after reporting that earnings soared in its latest quarter on a 21-per-cent boost in revenues.

The Toronto-based mining company says it will pay five cents per share, up from four cents.

Centerra earned US$80.7 million or 27 cents per share in the second quarter, up from US$33.4 million or 11 cents per share in the prior year.

Reporting in U.S. dollars, the company says adjusted profits were $97.8 million or 33 cents per share, compared with $33.4 million or 11 cents per share in the second quarter of 2019.

Revenues for the three months ended June 30 rose to $412.7 million from $340.5 million as it produced 219,692 ounces of gold and 19.1 million pounds of copper.

Centerra was expected to post 22 cents per share in adjusted earnings on $368.9 million in revenues, according to financial markets data firm Refinitiv.

This report by The Canadian Press was first published July 31, 2020.

Companies in this story: (TSX:CG)

The Canadian Press

(Visited 1 times, 1 visits today)
Close
Share via
Copy link
Powered by Social Snap
Ads Blocker Image Powered by Code Help Pro

Ads Blocker Detected!!!

We have detected that you are using extensions to block ads. Please support us by disabling these ads blocker.

Powered By
Best Wordpress Adblock Detecting Plugin | CHP Adblock