views

Centamin – Q4 and full-year update, a progressing gold BUY

Centamin (CEY) has issued an update on the fourth quarter and full-year of 2022, including emphasising that it is now looking forward to further increasing gold production while continuing to manage cost pressures and progressing the multiple identified opportunities across its portfolio.

views

Centamin – a “most welcomed” Egyptian Court judgment, still a gold recovery Buy

Centamin (CEY) has emphasised a “most welcomed” Egyptian Supreme Constitutional Court judgment and that “operations at Sukari Gold Mine remain unaffected and continue as normal”. So what’s the “most welcomed” news?

views

Centamin – Court Win Secures Mine Concession Agreement: BUY

Fully-listed Egyptian Gold miner Centamin (CEY) this morning announced that the Constitutional Court in Egypt had ruled that under Law 32, third parties cannot challenge contractual agreements between the Egyptian Government and investors such as Centamin. This may seem somewhat highbrow, but an individual had been challenging Centamin’s right to exploit the Sukari concession, seeking the nullification of the concession agreement between the company and the government.

views

Centamin – positive Sukari underground expansion news, Buy

Centamin (CEY) has announced what it emphasises as “a significant step towards delivering on our commitment to consistently produce 500,000 ounces per annum from the Sukari Gold Mine”.

views

Centamin – interims, on track for shares to return to way above 100p?

Centamin (CEY) has announced its Sukari mine in Egypt delivered a half-year financial and operating performance in-line with plans with gold production of 203,898 ounces at an all-in sustaining cost of $1,446/oz sold and that “despite cost pressures, the company remains on track to achieve its annual cost and production guidance for 2022”.

views

Centamin – Half Year Results And Dividend, more than I dared hope for

Fully-listed Egyptian Gold miner Centamin (CEY) offered up its half year report to June 2022 this morning, along with an interim dividend declaration. The report seems to have gone down well in the market, with the shares marked up by 2.4% in early trading, and the dividend – 2.5 US cents (just over 2p), to be paid on 7^th October – was at the upper end of my expectations, leaving room for a higher full year payout than currently expected, if all goes according to plan.

views

Centamin – Q2 update a mixed bag, but reasons for positivity

Gold miner in Egypt, Centamin (CEY) has announced that it “delivered the planned increase in production during Q2” and notes various upcoming targets and milestones.

views

Centamin – Q2 Quarterly Report: Steady As She Goes, BUY

Fully listed Gold producer Centamin (CEY) updated the market this morning with its quarterly report covering the second quarter of the year (April to June). There were good bits (increased production), some not so good bits (costs nearer the top of estimates) and some bad bits (a cash outflow) but reading between the lines, I am optimistic.

views

Centamin – Q1 update, production fall expected and we can now look to better times ahead

Centamin (CEY) has announced a quarterly update including “as planned, Q1 2022 production reflected the successful transition to owner mining in the underground… reiterates its 2022 full-year guidance”, so what of a share price response currently down closer to 90p?

views

Centamin – Q1 Disappoints, Or Does It?

Fully-listed Gold miner in Egypt, Centamin (CEY), offered up its Q1 report this morning and whilst there were a few corners to celebrate, there was bad news – at least temporarily – for shareholders as the company reported cashflow of MINUS $21.4 million on reduced sales as the business model changed to owner-mining and much-increased costs. As I write, the shares are down 7% on the news at 90p, capitalising the company at £1.05 billion. But are things as bad as they seem?