CENTAMIN PLC ORD - CELTF STOCK NEWS

Centamin PLC announced a major shareholder notification from Schroders Plc regarding an acquisition of voting rights on March 23, 2022. Schroders holds 4.99% of the voting rights, totaling 57,797,500 shares. This represents a decrease from the previous holding of 5.14%. The notification occurs as part of the regulatory requirement for significant changes in shareholding. Centamin, a UK-based mining company, remains focused on operational developments in the gold sector.

Centamin plc reported its payment disclosures under UK regulations for the year ending December 31, 2021. The report highlights total payments to governments amounting to 101,750,611 USD, with significant contributions made in Egypt, where 75,200,000 USD was paid in profit share and 22,297,965 USD in royalties. Additional payments included corporate taxes of 3,764,505 USD and community investments totaling 331,668 USD. The company aims to enhance transparency in the extractive sector, aligning with the EU Accounting Directive.

Centamin PLC reported its full-year results for 2021, showing a revenue of US$733 million from gold sales of 407,252 ounces at an average price of US$1,797/oz. Adjusted EBITDA was US$329 million with a margin of 45%, and profit before tax reached US$154 million. The company announced a final dividend of 5 US cents per share, totaling US$105 million for 2021. Looking ahead, the 2022 outlook remains unchanged, with expected gold production between 430,000 and 460,000 ounces.

Centamin has announced a proposed final dividend of 5 US cents per share for the six months ending December 31, 2021, totaling US$58 million. This brings the full-year 2021 dividend to 9 US cents per share or US$105 million. The dividend is subject to approval at the 2022 Annual General Meeting on May 10, 2022. The company maintains a strong financial position with US$257 million in cash and no debt. For 2022, Centamin plans a minimum dividend of 5 US cents, potentially increasing with free cash flow.

Centamin plc announces a virtual retail investor presentation on March 23, 2022, at 14:00 GMT. The Company's Executive and Senior Management will discuss year-to-date performance and progress towards strategic goals, focusing on maximizing value at Sukari, Egypt's premier gold mine. The event will include a Q&A session for investor engagement. Participants can register through the Investor Meet Company platform. Centamin, a leading gold producer with a projected Sukari mine life of 12 years, continues to explore growth opportunities in Egypt and West Africa.

On March 8, 2022, Centamin PLC announced a significant change in voting rights, following an acquisition by BlackRock, Inc. BlackRock's holdings crossed a threshold of 5.2% on March 4, 2022. This is an increase from the previous holding of 4.87%. The notification confirms BlackRock's total voting rights in Centamin at 6.16%, which includes approximately 0.96% from financial instruments. The update reflects BlackRock's continued investment strategy within the company, potentially influencing Centamin's market performance.

Centamin has announced a transition of its Sukari Gold Mine from contractor-mining to an owner-operator model, effective immediately. This shift is expected to yield annual cost savings of approximately US$19 million starting in 2023, following a 200% increase in underground reserves, which supports an eight-year mine life. The transition includes a US$10.5 million purchase of the current mining fleet and a new five-year contract with Geodrill for 90,000 meters of annual underground drilling.

Centamin PLC announced a significant change in voting rights, with Schroders Plc acquiring 5.135% of the company's voting rights as of February 3, 2022. This marks an increase from their previous holding of 4.946%. The notification of this change was made on February 4, 2022. The total number of voting rights held by Schroders now stands at 59,386,863 shares. This adjustment is crucial for investors to consider, as it reflects a notable shift in shareholder influence within the company.

On January 25, 2022, Centamin PLC reported a notification of significant shareholding changes from BlackRock, Inc. The acquisition marked a decrease in voting rights held by BlackRock from 5.08% to 4.87%, alongside a 0.89% interest through financial instruments. The total voting rights attributed to BlackRock now stand at 5.76%. This reflects a strategic adjustment by one of the company's major shareholders in response to changing market conditions.