CENTAMIN PLC ORD - CELTF STOCK NEWS

Centamin PLC reported a decrease in production year-on-year due to lower-grade ore processing and maintenance activities in Q1 2024. Despite lower production, the company achieved a 3% decrease in AISC quarter-on-quarter and a 6% decrease year-on-year. Centamin remains focused on cost control and expects production rates to increase for the rest of the year. The company highlighted safety achievements, exploration successes, and progress on growth opportunities within its portfolio. Financially, Centamin reported gold production of 104,821 ounces with cash costs of US$1,088/oz produced and AISC of US$1,519/oz sold. The company maintains a robust balance sheet with cash and liquid assets of US$167 million and total liquidity of US$317 million. Centamin reaffirmed its 2024 production and cost guidance ranges, including a gold production guidance range of 470,000 to 500,000 oz per annum.

Centamin releases its 2023 Annual Report and Notice of AGM, inviting shareholders to attend the meeting on May 21, 2024. The AGM will cover various resolutions, and shareholders can vote online or by proxy. The meeting will be held in St Helier, Jersey, and all valid proxy votes will count towards the poll votes.

Centamin plc announces the listing application for 2,650,000 ordinary shares on the London Stock Exchange. The shares will be issued to satisfy awards due to vest in 2024 under the Company's incentive plans. The application has been made to the Financial Conduct Authority and the LSE, with shares expected to be admitted to trading on 4 April 2024. The total issued share capital will comprise 1,161,082,695 ordinary shares post-admission.

Centamin, a mining company, releases its 2023 annual report and sustainability report highlighting achievements in sustainability, safety, and economic contributions. CEO Martin Horgan emphasizes responsible mining practices and positive socio-economic impacts. Key achievements include zero lost time injuries, reduced GHG emissions, and high local workforce engagement. The company's sustainability priorities focus on environmental stewardship, safety, and community partnerships.

Centamin Reports Positive Economic Impact Through Payments to Government for 2023

Centamin reports positive financial and operational results for FY 2023, with increased gold production, reduced costs, and improved EBITDA. The company achieved zero lost time injuries at Sukari Gold Mine, reduced GHG emissions, and enhanced safety metrics. Despite inflationary pressures, AISC decreased by 14%. The company's balance sheet remains strong, with increased free cash flow and a final dividend declared. Centamin outlines future growth plans, including exploration projects and cost-saving initiatives.

Centamin announces a final dividend of 2 US cents per share for the six months ended 31 December 2023, continuing their commitment to shareholder returns. The dividend policy remains unchanged, with a minimum of 30% of Group free cash flow before growth capital expenditure returned to shareholders. The final dividend of 2 US cents brings the total dividend for 2023 to 4 US cents per share, exceeding the minimum policy requirement. Centamin maintains a strong financial position with cash and liquid assets of US$153 million as of 31 December 2023.

BlackRock, Inc. discloses below 5% voting rights in Centamin PLC

Centamin will release its audited financial results for the twelve months ended 31 December 2023 on 21 March 2024. An investor webcast will be held at 08.30 GMT on the same day for discussions and Q&A.