Centerra Gold Holds Annual Meeting, Elects Directors and Approves Compensation

Centerra Gold Inc., a Canadian-based gold mining company, held its 2024 Annual Meeting of Shareholders in Toronto, where shareholders approved the re-election of directors, re-appointment of auditors, and executive compensation approach, setting the stage for the company's future operations and strategy in the global gold mining industry." This description focuses on the primary topic (Centerra Gold's Annual Meeting of Shareholders), the main entity (Centerra Gold Inc.), the context (Toronto, 2024), and the significant actions and implications (approval of directors, auditors, and executive compensation approach). It provides objective and relevant details that will help an AI generate an accurate visual representation of the article's content, such as a image of a corporate meeting or a gold mining operation.

author-image
Trim Correspondents
New Update
Centerra Gold Holds Annual Meeting, Elects Directors and Approves Compensation

Centerra Gold Holds Annual Meeting, Elects Directors and Approves Compensation

Centerra Gold Inc. (TSX: CG) (NYSE: CGAU), a Canadian-based gold mining company, held its 2024 Annual Meeting of Shareholders on May 14, 2024, in Toronto. The meeting saw a strong turnout, with 71.13% of common shares, representing 153,055,848 shares, participating in the proceedings.

Why this matters: The outcome of Centerra Gold's annual meeting has significant implications for the company's future operations and strategy, which can impact the global gold mining industry and the economies of the regions where it operates. The approval of executive compensation and the re-election of directors can also influence investor confidence and the company's ability to attract new investments.

Several key outcomes emerged from the annual meeting. All nominee directors listed in Centerra's management information circular dated April 2, 2024, were elected to the company's board. KPMG LLP was re-appointed as the company's auditor, with the Board authorized to determine the auditor's remuneration. Shareholders also approved a non-binding resolution on the company's approach to executive compensation, as disclosed in the April 2 management information circular.

Centerra Gold operates the Mount Milligan Mine in British Columbia, Canada, and the Öksüt Mine in Türkiye. The company focuses on operating, developing, exploring, and acquiring gold and copper properties in North America, Türkiye, and other worldwide markets. Centerra's shares trade on the Toronto Stock Exchange under the symbol CG and on the New York Stock Exchange under the symbol CGAU.

For further information, shareholders and interested parties can contact Lisa Wilkinson, Vice President of Investor Relations and Corporate Communications, at (416) 204-3780 or lisa.wilkinson@centerragold.com. Lana Pisarenko, Senior Manager of Investor Relations, is also available at (416) 204-1957 or lana.pisarenko@centerragold.com. Additional information on Centerra is accessible on the company's website, SEDAR+, and EDGAR.

The successful 2024 Annual Meeting of Shareholders marks another milestone for Centerra Gold as it continues to operate and expand its gold mining projects. With the re-election of directors, re-appointment of auditors, and approval of the executive compensation approach, the company is well-positioned to pursue its strategic objectives in the coming year.

Key Takeaways

  • Centerra Gold held its 2024 Annual Meeting of Shareholders on May 14, 2024.
  • 71.13% of common shares participated in the meeting, representing 153,055,848 shares.
  • All nominee directors were elected to the company's board.
  • KPMG LLP was re-appointed as the company's auditor.
  • Shareholders approved a non-binding resolution on executive compensation.