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United Kingdom

Centamin PLC (CEY.L)

CEY.L on London Stock Exchange

138.70GBp
16 Aug 2019
Change (% chg)

0.15 (+0.11%)
Prev Close
138.55
Open
139.10
Day's High
139.10
Day's Low
136.65
Volume
4,364,739
Avg. Vol
6,772,321
52-wk High
144.00
52-wk Low
79.14

Latest Key Developments (Source: Significant Developments)

Centamin Reports HY Pretax Profit Down 26% To $59.6 Million
Wednesday, 31 Jul 2019 

July 31 (Reuters) - Centamin PLC ::HY PRETAX PROFIT 59.6 MILLION USD.GROSS REVENUE FOR SIX MONTHS WAS US$292.4 MILLION FROM GOLD SALES OF 224,129 OUNCES AT AN AVERAGE REALISED GOLD PRICE OF US$1,305 PER OUNCE.HY CASH COST OF PRODUCTION WAS US$692 PER OUNCE PRODUCED, WITHIN ANNUAL GUIDANCE OF US$675-725 PER OUNCE;.HY ALL-IN SUSTAINING COST WAS US$940 PER OUNCE SOLD, WITHIN ANNUAL GUIDANCE OF US$890-950 PER OUNCE.HY EBITDA OF US$117.1 MILLION, A 41% EBITDA MARGIN, AND PROFIT BEFORE TAX OF US$59.6 MILLION.INTERIM DIVIDEND OF US$46.2 MILLION (4.0 US CENTS PER SHARE).CENTAMIN - MAINTAINS FY GUIDANCE: GOLD PRODUCTION OF 490,000-520,000 OUNCES, CASH COST OF $675-725 PER OUNCE, AISC OF $890-950 PER OUNCE SOLD.CENTAMIN - OUTLOOK FOR BUSINESS CONTINUES TO IMPROVE, IN SECOND HALF OF 2019 WE EXPECT TO DELIVER STRONGER PRODUCTION AND INCREASING FREE CASH FLOW.CENTAMIN - BASELINE OUTLOOK FOR 2020, 2021 OF 510,000-540,000 OUNCES/ANNUM, CASH COST OF $630-680/OUNCE PRODUCED, AISC OF $870-920 PER OUNCE SOLD.SEES COSTS TO TREND DOWNWARDS IN LINE WITH EXPECTED INCREASED PRODUCTION IN H2.  Full Article

Centamin Says FY Sukari Mine Production Up To 2 Pct Below Guidance Of 480,000 Ounces
Thursday, 27 Dec 2018 

Dec 27 (Reuters) - Centamin PLC ::CENTAMIN PLC - PRODUCTION UPDATE.CENTAMIN PLC - GOLD PRODUCTION FOR OCTOBER AND NOVEMBER COMBINED WAS ABOVE 90,000 OUNCES.CENTAMIN - GOLD PRODUCTION FOR OCTOBER AND NOVEMBER COMBINED WAS SLIGHTLY BELOW FORECAST.CENTAMIN PLC - ANNUAL PRODUCTION FROM SUKARI GOLD MINE OF UP TO 2 PERCENT BELOW FULL YEAR 2018 GUIDANCE OF 480,000 OUNCES.CENTAMIN PLC - FY CASH COST OF PRODUCTION WILL BE TOWARDS TOP END OF PREVIOUSLY GUIDED RANGE OF US$625 TO US$640 PER OUNCE PRODUCED.CENTAMIN PLC - LOWER THAN EXPECTED UNDERGROUND GRADE DELIVERED IN DECEMBER THUS FAR INDICATES GOLD POURED FOR Q4 BETWEEN 135,000 TO 140,000 OUNCES.CENTAMIN PLC - ALL-IN-SUSTAINING COST WILL BE APPROXIMATELY US$900 PER OUNCES SOLD FOR FY.  Full Article

Centamin Affirms Q4 Production Forecast, Cuts FY Capex Forecast
Thursday, 1 Nov 2018 

Nov 1 (Reuters) - Centamin PLC ::SUKARI GOLD MINE PRODUCED 117,720 OUNCES IN Q3, A 27% IMPROVEMENT ON Q2 QOQ.Q3 GOLD SALES OF 106,798 OUNCES, A 9% INCREASE QOQ.Q3 REVENUE OF US$125.1 MILLION, A 1% INCREASE QOQ, DUE TO 9% INCREASE IN OUNCES SOLD OFFSET BY 7% DECREASE IN GOLD PRICE.Q3 PROFIT BEFORE TAX OF US$21.8 MILLION, A 1% DECREASE QOQ, AND US$102.2 MILLION YTD.Q3 BASIC EARNINGS PER SHARE AFTER PROFIT SHARE OF 0.93 US CENTS.IN Q4, OPERATIONAL SECTIONS ARE PERFORMING IN LINE WITH PLAN AND COMPANY REMAINS ON TRACK TO PRODUCE 145,000 OUNCES.PRODUCTION GUIDANCE FOR 2018 HAS BEEN REVISED TO 480,000 OUNCES.EXPECTS AISC PER OUNCE SOLD TO CONTINUE TO TREND DOWNWARDS IN Q4 AND EXPECTS TO BE AT TOP END OF GUIDANCE RANGE OF $875-$890 PER OUNCE SOLD.REDUCED TOTAL 2018 CAPITAL EXPENDITURE TO US$125 MILLION.  Full Article

Centamin Cuts FY Gold Production Guidance To 480,000 Ounces
Friday, 5 Oct 2018 

Oct 5 (Reuters) - Centamin PLC ::CENTAMIN PLC - GOLD PRODUCTION FOR Q3 WAS 117,720 OUNCES, A 27% IMPROVEMENT ON Q2.CENTAMIN PLC - IN Q4, EXPECT IMPROVEMENTS TO BE SUSTAINED AND PRODUCTION IN REGION OF 145,000 OUNCES.CENTAMIN PLC - SEES TOTAL 2018 ANNUAL PRODUCTION OF APPROXIMATELY 480,000 OUNCES.  Full Article

Centamin Says 2018 Production Guidance Sukari Revised To Between 505,000 - 515,000 Ounces
Friday, 25 May 2018 

May 25 (Reuters) - Centamin PLC ::PRODUCTION GUIDANCE FOR 2018 FROM SUKARI HAS BEEN REVISED TO BETWEEN 505,000 AND 515,000 OUNCES,.FOR SUKARI SEES 2018 CASH COST OF PRODUCTION OF US$625 TO US$640 PER OUNCE PRODUCED AND AN ALL-IN-SUSTAINING COST OF US$875 TO US$890 PER OUNCES SOLD..UPDATED MINE PLAN FORECASTS A WEAKER Q2 AND STRONG Q3 AND Q4 PRODUCTION PROFILE..OPEN PIT TOTAL TONNAGE MINED CONTINUES TO BE AHEAD OF SCHEDULE..GRADES FROM OPEN PIT ARE FORECAST TO INCREASE IN Q3 AS PREVIOUSLY REPORTED WITHIN Q1 RESULTS..TOTAL UNDERGROUND PRODUCTION IS APPROXIMATELY 10% BELOW FORECAST..  Full Article

Centamin Announces Retirement Of Executive Chairman​ Josef El-Raghy
Thursday, 11 Jan 2018 

Jan 11 (Reuters) - Centamin Plc ::‍APPOINTMENT OF ROSS JERRARD, CURRENT CFO, TO BOARD EFFECTIVE FEB 5 .TO ‍ANNOUNCE SUCCESSOR TO EXECUTIVE CHAIRMAN​ EL-RAGHY BY END OF JUNE 2018 .‍RETIREMENT OF JOSEF EL-RAGHY, EXECUTIVE CHAIRMAN​.‍JOSEF HAS INFORMED BOARD THAT HE INTENDS TO RETIRE AS EXECUTIVE CHAIRMAN BY END OF 2018​.  Full Article

Centamin Says 2017 Gold Production Beats Guidance
Wednesday, 10 Jan 2018 

Jan 10 (Reuters) - Centamin Plc ::CENTAMIN PLC - ‍2017 FULL YEAR GOLD PRODUCTION WAS 544,658 OUNCES, ABOVE GUIDANCE OF 540,000 OUNCES​.CENTAMIN PLC - ‍GOLD PRODUCTION FOR Q4 2017 WAS 154,298 OUNCES, A 1.4% REDUCTION QUARTER ON QUARTER ("QOQ") AND A 12.8% INCREASE YEAR ON YEAR​.CENTAMIN - ‍GOLD PRODUCTION GUIDANCE FOR 2018 FROM SUKARI IS 580,000 OUNCES.CENTAMIN PLC - ‍FORECAST CASH COST OF PRODUCTION FOR 2018 OF US$555 PER OUNCE AND ALL-IN-SUSTAINING COST OF US$770 PER OUNCE​.  Full Article

Centamin says Q3 pretax profit $75.5 million vs $93.7 mln yr ago
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - Centamin Plc ::Q3 PRETAX PROFIT 75.5 MILLION USD VERSUS 93.7 MILLION USD YEAR AGO.CENTAMIN PLC - Q3 ‍RECORD QUARTERLY GOLD PRODUCTION OF 156,533 OUNCES WAS A 26% INCREASE ON Q2 2017 AND 5% HIGHER THAN Q3 2016.​.CENTAMIN - ‍Q3 2017 CASH COST OF PRODUCTION AND AISC IN UNIT CASH COST OF PRODUCTION OF US$483 PER OUNCE PRODUCED AND UNIT AISC OF US$732 PER OUNCE SOLD​.‍FULL YEAR 2017 GUIDANCE MAINTAINED AT 540,000 OUNCES, WITH US$580 PER OUNCE CASH COST OF PRODUCTION AND US$790 PER OUNCE AISC​.CENTAMIN PLC - Q3 ‍QUARTERLY THROUGHPUT OF 3.0 MILLION TONNES FROM SUKARI PROCESS PLANT, A SLIGHT DECREASE OF 2% ON Q2 2017 AND AN INCREASE OF 7% ON Q3 2016 PERFORMANCE​.‍Q3 2017 EBITDA OF US$103.6 MILLION UP 57% FROM Q2 2017 DUE TO AN INCREASE IN BOTH SALES VOLUMES AND AVERAGE REALISED GOLD PRICE​.‍STRONG CASH FLOW GENERATION WITH FREE CASH FLOW GENERATION OF US$45 MILLION IN Q3, US$96 MILLION YEAR TO DATE​.CENTAMIN PLC - Q3 BASIC EARNINGS PER SHARE (AFTER PROFIT SHARE) OF 3.41 US CENTS, AN INCREASE FROM 1.10 US CENTS IN Q2 2017​.‍Q3 GOLD PRODUCTION FROM SUKARI OF 156,533 OUNCES WAS A 26% INCREASE ON Q2 2017​.  Full Article

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