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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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BlackRock, Inc. has acquired voting rights in Centamin PLC, reaching a total of 5.21% of voting rights. This acquisition may positively impact Centamin's stock price.
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Centamin PLC announces notification of major holdings by BlackRock, Inc. BlackRock now holds 4.95% of voting rights in Centamin PLC through direct shares and financial instruments.
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Centamin plc (LSE:CEY)(TSX:CEE) announces the establishment of a clear, competitive regulatory structure for the development of new mining concessions in Egypt. The model mining exploitation agreement (MMEA) has been agreed in principle with the Egyptian Ministry of Petroleum & Natural Resources and the Egyptian Mineral Resources Authority. The MMEA sets out the legal and fiscal framework that will apply to commercial discoveries made on the highly prospective c.3,000km2 of ground awarded to Centamin in 2021 for exploration in the Eastern Desert of Egypt (EDX blocks). Key terms include a 5% government net smelter royalty on revenue, 22.5% corporate tax rate, 15% government financial net profit interest, and life of mine commitments towards local employment, training, and procurement. The agreement is expected to be ratified as a Special Law by the Arab Republic of Egypt in late 2023, aiming to contribute 5% of the country's GDP by 2030.
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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