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Results: CEY

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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.

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”.


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 7th 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.


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.


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?

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