Fully-listed Gold miner in Egypt, Centamin (CEY), has reported another good quarter from its Sukari mine, for the three months to March 2023 and again reiterated existing guidance. Good news.
Centamin (CEY) has announced its results for the 2022 calendar year and that it maintains a current year gold production guidance range of 450,000-480,000 ounces and remains on track to consistently return its Sukari mine in Egypt to production levels towards 500,000 ounces per annum from 2024.
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.
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?
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 (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”.
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”.
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.
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.
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 (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?
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?
Well, I look a right Charlie. Having spent the last 18 months trying to restore the investment case for fully-listed Egyptian Gold miner Centamin (CEY), the board now intends to chop the payout and the shares have tanked. What to do?
Centamin (CEY) has announced “the final quarter delivered what was a highly successful 2021” and that it is now looking forward to delivering on a clear roadmap to growing and unlocking further value from the Sukari gold mine in Egypt and its exploration portfolio. The shares have responded up to 93.425p and look to have much further to go.
Fully-listed Egyptian Gold miner Centamin (CEY) has this morning released its Q3 report and the good news is that, once again, all is on track. Guidance remains in place, with a couple of positive tweaks – and that suggests the dividend is safe. Indeed, it is possible that it could increase from guidance.
Gold miner in Egypt, Centamin (CEY) has announced half-year results emphasising “a strong financial and operating performance”. Now capitalised at £1.19 billion, do the results suggest value?
Fully-listed Egyptian Gold-miner Centamin (CEY) has delivered in line Interims this morning – although that is no surprise given that we knew most of the data offered already. What was a pleasant surprise was that the interim dividend, which I had expected at 3 US cents per share, has come in at 4 US cents.
Centamin (CEY) has issued a second quarter 2021 report, emphasising “in line with budget and on track to meet 2021 guidance”. Is there still attractive upside from a current 102p share price?
