CENTAMIN PLC ORD - CELTF STOCK NEWS

Centamin plc has unveiled its interim decarbonisation roadmap to 2030, aiming for a 30% reduction in Scope 1 and 2 greenhouse gas emissions compared to 2021 levels. The roadmap focuses on renewable energy sources, energy efficiency, and the electrification of its mobile fleet. Key initiatives include a 20MW solar expansion at the Sukari Gold Mine, projected to cost between US$25 million and US$35 million, and a 50MW grid connection with costs between US$20 million and US$30 million. The company plans to implement these projects starting in 2024 and is targeting a significant decrease in projected emissions to 335,595 tCO2-e by 2030.

Centamin plc has released its 2022 Annual Report and Notice of AGM, aligned with the FCA's Listing Rule 9.6.1R. The AGM is scheduled for 23 May 2023 at DUKES London. Shareholders are encouraged to vote online or via proxy by 19 May 2023 at 10:00am (BST) to ensure their votes count. The 2022 Annual Report includes essential information such as principal risks, related party transactions, and the Directors' responsibility statement. The report will be accessible for inspection and online viewing. Shareholders can submit questions by 19 May 2023 for consideration during the AGM.

Centamin plc (LSE:CEY, TSX:CEE) announced a director dealing on March 23, 2023, where CFO Ross Jerrard purchased 53,000 ordinary shares at a price of £1.00 per share, totaling £53,653.71. Following this transaction, Jerrard holds a total of 620,000 shares. The transaction was executed under the UK Market Abuse Regulation requirements. Notably, 40,290 of these shares are subject to a two-year holding period ending in June 2023. The announcement emphasizes compliance with regulatory obligations.

Centamin PLC announced a significant increase in voting rights held by Van Eck Associates Corporation. As of March 17, 2023, Van Eck's voting rights rose to 10.33%, up from 9.62%. This update includes details on various Van Eck ETFs, such as VanEck Gold Miners ETF, contributing to their enhanced holdings. The notification of this change was made on March 20, 2023. The total number of voting rights for Centamin PLC stands at 1,156,450,695. The report is crucial as it reflects investor confidence and potential strategic shifts within the company.

Centamin plc announced the purchase of 99,314 ordinary shares by CEO Martin Horgan at a price of £1.007 per share, totaling £99,999.09. Following this transaction, Horgan will hold 206,507 shares in the company. This notification complies with the UK Market Abuse Regulation, as outlined in Article 19. The transaction occurred on March 17, 2023, on the London Stock Exchange. Centamin continues to disclose regulated information as part of its commitment to transparency.

Centamin reported its audited financial results for the twelve months ending December 31, 2022, disclosing payments to governments totaling USD 62,544,010. The payments include profit share of USD 35,492,459, corporate taxes of USD 2,610,782, and royalties of USD 22,445,810. The company emphasizes its commitment to transparency, adhering to UK and Canadian laws requiring such disclosures. In terms of community engagement, Centamin invested in local projects, including renovations and support programs, reflecting its dedication to responsible mining practices.

Centamin reported its full-year 2022 results, achieving a 6% increase in gold production to 440,974 ounces and generating US$788 million in revenue. The company maintained guidance for 2023 with production expected between 450,000 to 480,000 ounces. Adjusted EBITDA was US$319 million, representing a 40% margin. Significant investments included US$224 million in capital projects, particularly a 36MW solar farm aimed at reducing costs and emissions. The board proposed a final dividend of 2.5 US cents per share, totaling US$58 million for 2022. The company also highlighted progress in sustainability, achieving record safety performance and a commitment to reducing emissions by 30% by 2030.

Centamin plc has announced a proposed final dividend of 2.5 US cents per share for the six months ended December 31, 2022, totaling US$29 million. This dividend, subject to shareholder approval at the Annual General Meeting on May 23, 2023, will bring the full-year dividend to 5 US cents, equating to US$58 million. The company reported cash and liquid assets of US$157 million as of December 31, 2022, excluding a US$150 million credit facility available as of March 13, 2023. The dividend will be paid on June 23, 2023, with currency elections available until June 5, 2023.

Centamin will disclose its audited financial results for the year ending 31 December 2022 on 16 March 2023. The announcement will be followed by a conference call and webcast at 08:30 GMT to discuss the results, offering investors and analysts a platform for inquiries. Participation details include a UK dial-in number (+44 203 936 2999) and a US number (+1 646 664 1960). Centamin is a notable gold producer with flagship operations at the Sukari Gold Mine in Egypt, which has produced approximately 5 million ounces of gold since its inception in 2009 and has a projected mine life of 12 years.