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Centamin PLC is an established gold producer with a premium listing on the London Stock Exchange and Toronto Stock Exchange. The Company's flagship asset, the Sukari Gold Mine, is Egypt's largest and first modern gold mine, producing over 5.7 million ounces of gold since 2009. Centamin has a diverse portfolio of exploration assets in Egypt and Côte d'Ivoire, including the Doropo project, positioning the Company for sustainable growth and creating lasting mutual benefits for stakeholders.
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Centamin issued a correction to the announcement made on 19 December 2023 regarding the Sukari Underground Mineral Reserves. The Proven and Probable classification was incorrectly reported due to a typographical error, leading to an understatement of Proven Mineral Reserves and an overstatement of Probable Mineral Reserves. The correction has resulted in a 28% increase to 7.7Moz in Reserves, including a 10% growth at Sukari versus the new life of mine plan. The Group Mineral Reserves have increased by 3.5 million ounces since 2020, exceeding the Company's target of 3.0Moz. The updated Mineral Reserves are driven by reserve growth at Sukari and the inclusion of maiden Mineral Reserves at Doropo in Côte d'Ivoire. The outlook for 2024 includes a continued focus on resource and reserve growth across the portfolio.
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Centamin, a gold mining company, reported an excellent performance in 2023, with successful delivery of production guidance, improved safety results, and beating AISC guidance. The company achieved annual gold production within the 450-480koz range, generating US$892 million in revenue, with cash costs and AISC delivered at the lower half of the 2023 guidance. The company's strategic focus remains on growth, with notable milestones such as increased mineral reserves and completion of the Sukari Life of Mine Plan. The outlook for 2024 guides to higher production at lower costs, reflecting a strong position to benefit from the current gold price environment. The report also includes unaudited financial data points for Q4 2023, highlighting safety, production, cost, sales, and financials. The Company will host a webcast to discuss the results.
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Centamin (CMN) appoints Ms. Hoda Mansour and Ms. Iman Naguib as Independent Non-Executive Directors. Dr. Ibrahim Fawzy will not stand for re-election. Ms. Mansour brings 25 years of experience in multinational software and technology companies, while Ms. Naguib has expertise in finance and investment management. Both will contribute to Centamin's growth and sustainability efforts.
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Centamin (CEY) announces maiden drill program results for its Eastern Desert Exploration landholding in Egypt, with significant gold intercepts at the Little Sukari and Umm Majal prospects, and an update on the anticipated exploration program for 2024. CEO Martin Horgan highlights the company's systematic approach to assessing geological potential, emphasizing Egypt's attractiveness as an exploration jurisdiction. The 2024 program includes detailed geological mapping, ground geophysical surveys, RC and diamond core drilling, preliminary metallurgical testing, and a conceptual resource estimate.
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Centamin PLC (JE00B5TT1872) announced an acquisition of voting rights by Van Eck Associates Corporation, holding 9.62% of voting rights with 111,244,970 shares. The acquisition was notified on December 19, 2023.
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Centamin PLC announces notification of major holdings. Van Eck Associates Corporation, through various ETFs and funds, has acquired 10.005% of voting rights in Centamin PLC, totaling 115,849,438 shares. The notification was made on November 13, 2023, and the resulting situation on the date of the threshold crossing was disclosed. This information is crucial for investors and traders monitoring changes in major holdings in Centamin PLC.
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Centamin releases Q3 2023 quarterly report, maintaining commitment to safety and meeting production guidance
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Centamin announces improved life of mine plan for Sukari Gold Mine, with increased production and reduced costs
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Centamin plc to host investor and analyst event
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BlackRock, Inc. has acquired additional voting rights in Centamin PLC, reaching a total of 5.13% of voting rights attached to shares. This acquisition may positively impact Centamin's stock price.
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FAQ
What is the current stock price of CENTAMIN PLC ORD (CELTF)?
The current stock price of CENTAMIN PLC ORD (CELTF) is $1.88 as of November 20, 2024.
What is the market cap of CENTAMIN PLC ORD (CELTF)?
The market cap of CENTAMIN PLC ORD (CELTF) is approximately 2.2B.
What is Centamin PLC's flagship asset?
Centamin's flagship asset is the Sukari Gold Mine, Egypt's largest and first modern gold mine.
Where does Centamin PLC have exploration assets?
Centamin has a large portfolio of exploration assets in Egypt and Côte d'Ivoire.
What is the projected mine life for Sukari Gold Mine?
The mine life for the Sukari Gold Mine extends to 2035.
What is Centamin PLC's approach to responsible mining activities?
Centamin practices responsible mining activities, focusing on operational and financial performance while creating lasting benefits for stakeholders.
What is Centamin PLC's financial position?
As of March 31, 2024, Centamin had a strong financial position, with net cash and liquid assets of US$167 million.
What are Centamin PLC's growth prospects?
Centamin is actively pursuing future growth prospects, including the Doropo project in Côte d'Ivoire and exploration activities in Egypt and Côte d'Ivoire.
What are some of the achievements of Centamin PLC in health and safety?
Centamin achieved new safety records and external accreditation under ISO 45001:2018 standards, demonstrating a commitment to health and safety.
How can I get more information about Centamin PLC?
For more information, you can visit the Centamin website at www.centamin.com or contact investor@centaminplc.com.
CENTAMIN PLC ORD