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Centerra drops divi on cash curb

Shareholders were not overly shocked by news Centerra Gold (CN:CG) had scrapped its dividend for the September quarter and was suspending all pay outs for the foreseeable future. Coming on the same day gold lost US$8 per ounce of its value, its shares closed 4% lower.

Centerra drops divi on cash curb Centerra drops divi on cash curb Centerra drops divi on cash curb Centerra drops divi on cash curb Centerra drops divi on cash curb

Kumtor, in Kyrgyzstan, produced 520,000 ounces of gold last year (photo: Kumtor Gold)