MAY 6 2016 (The Conway Bulletin) – Centerra Gold shares rebounded 5% to 6.93 Canadian dollars last Friday after the regulator of the Toronto Stock Exchange briefly halted trading the day before, when news came through of a police raid at the office of a Centerra- owned company in Kyrgyzstan.
The stock continued to float around 7 Canadian dollars, settling on 7.18 yesterday, despite what could be regarded as poor quarterly results.
Centerra, though, still handed out its quarterly dividend of 0.04 Canadian dollars, in line with previous payments, which is something that other companies in the region have been dodging over the past few months if results have been lower-then-expected.
Low gold prices and slower-than-expected gold production have hit the company’s performance.
ENDS
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(News report from Issue No. 279, published on May 6 2016)