When AngloGold launched its bid for fully-listed Centamin (CEY) I said I was looking at splitting the holding into stakes in various replacements, including fully-listed Golden Prospect (GPM), Kefi (KEFI), Amaroq (AMRQ) and the Gold-mining ETFs GDX (majors) and GDXJ (juniors). Sadly, I held back from buying yet more Ariana (AAU)….needless to say, it is up 64% since. Drat!
I’ve been tipping fully-listed Egyptian Gold-miner Centamin (CEY) for an age. This week saw a seemingly done deal for a takeover by AngloGold at a decent-ish premium to the previously prevailing share price. Some might be disappointed at the result (including me) but the harsh reality seems to be it is almost a done deal (although there is the outside chance of a competing offer), so what to do now.
Centamin (CEY) has announced a recommended offer from global gold miner AngloGold Ashanti (NYSE - AU), stating it is “an endorsement of Centamin's achievement in re-establishing Sukari as a world-class operation”. So what of the offer of $0.125 cash and 0.06983 new AngloGold Ashanti shares per share?
Gold miner Centamin (CEY) has recently announced results for the first half of 2024 and advancing growth opportunities. With also an increasingly bullish gold environment with the gold price currently up to above $2,400 per ounce, we consider there looks upside from the current around 120p share price towards 200p and the following is why.
Gold miner Centamin (CEY) has announced its results for the first half of 2024 including emphasising improved earnings and free cash flow and that it is advancing organic growth opportunities within its asset portfolio. We suggest those mean clear further upside from a 119.4p share price.
Fully-listed Egyptian Gold producer Centamin (CEY) offered up half-year results to June this morning. With Gold having increased in price, I was hoping for a decent set of numbers and the first sign of increased dividend payments since the ground movement fiasco shortly after the current management team took office.
Centamin (CEY) has issued “Positive Doropo Gold Project DFS” and “Early Completion of Waste Stripping Programme” announcements today. With the shares currently at 133.4p, how positive is this latest news flow?
Fully-listed Gold producer in Egypt, Centamin (CEY) has released news of the early completion of a waste stripping programme at its Sukari mine in Egypt, and the Definitive Feasibility Study (DFS) for its Doropo project in Cote d’Ivoire. Both are pleasing developments – the latter especially so.
You may remember me picking up Kefi Gold& Copper (KEFI) for using rather optimistic assumptions to justify one valuation of its Tulu Kapi project. I still think its shares are dirt cheap it is just that Kefi was being a tad overaggressive. Today, Centamin (CEY), where I am also a loyal shareholder, shows how it is done.
Gold producer from Egypt, Centamin (CEY) has issued its report for the first quarter of calendar 2024, noting expected slightly lower production but also expected increased production rates for the balance of the year and a higher gold price. Is that good news from a current 128.1p share price? You bet it is!
Gold miner in Egypt, Centamin (CEY) has announced results for the 2023 calendar year emphasising that it was the third consecutive year of delivery into production guidance while beating all-in sustaining cost and capex forecasts, and reiterating 2024 gold production guidance of 470,000-500,000 ounces. This sounds like good news and the shares are currently up to 107p.
This morning saw fully-listed Egyptian Gold miner Centamin (CEY) deliver its results for calendar2023 and they were once again on the money. After the rather more chequered history as the current management got its feet under the desk, a third year delivering on production guidance is great to see.
A “correction” being required to a previously-issued announcement is usually bad news and hits a company’s share price. So what of shares in Centamin (CEY) currently being more than 5% higher at around 98p on the back of such an announcement?
Fully-listed Gold producer in Egypt, Centamin (CEY) updated the market on FY23 production yesterday. It was pleasingly boring: another quarter – and year – nicely on target with no lost time injuries. Given the rather troubled start this management team oversaw, the delivery of a third year of targets met was pleasing to read about for this loyal shareholder: boring is good!
Centamin (CEY) has issued an “Encouraging Maiden EDX Drill Results”-titled announcement. So what of this and a current 94p share price?
Centamin (CEY) has announced a new life of mine plan for its flagship Sukari gold mine in Egypt, emphasising a substantial improvement with significantly lower operational risk. That is good news from a 82.8p share price.
Gold miner in Egypt Centamin (CEY) has announced results for the first half of the 2023 calendar year emphasising “Improved results driven by strong operating performance and stringent cost management” and “in a robust position to deliver the next stage of growth including further optimisation at Sukari and continued development of the Doropo project”. Sounds good, and the shares have currently responded higher.
Fully-listed Egyptian Gold producer Centamin (CEY) unveiled its half-year results to June this morning and there is much to be pleased about. Given its history, the first thing I looked for was any sign of weakened guidance, and once again I was pleased to find the rather boring in-line comments. So all is on track.
Gold producer in Egypt Centamin (CEY) has announced “a good start” to 2023 and that it “look forwards to reporting later in the year on several additional projects which will deliver growth and underpin returns”. Good news from a current 105.3p share price?
