Company
Centamin PLC
TSE:CEE
Centamin PLC's flagship asset is the Sukari Gold Mine, Egypt's largest and first modern gold mine, as well as one of the world's largest producing mines. Since production began in 2009, Sukari has produced over 5 million ounces of gold, and today has a projected mine life of 14 years. Through its large portfolio of exploration assets in Egypt and West Africa, Centamin is advancing an active pipeline of future growth prospects, including the Doropo project in Côte d'Ivoire, and over 3,000km 2 of highly prospective exploration ground in Egypt's Arabian Nubian Shield.
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Today's Market View - Centamin, Kodal Minerals, and more...
SP Angel . Morning View . Thursday 19 01 23Copper hits $9,500/t on reports of traders buying up physical metalMiFID II exempt information – see disclaimer below LON:BHP – Operations review leaves production and cost guidance intact after H1
Centamin outlines plans for significant boost to gold production from underground
Centamin has a long track record of successfully mining gold in Egypt
Centamin increases production and revenue in Q3 and says on track for full-year growth
Chief executive Martin Horgan noted several milestones were achieved in the quarter, including a five millionth ounce of gold from the Sukari mine and commissioning of a solar plant to reduce emissions and ongoing costs
Centamin moves to final commissioning of solar plant at Sukari
Potential US$20mln saving a year at current diesel prices
Centamin unveils dividend as starts to see benefit of reinvestment programme at Sukari
The company expects its capital expenditure to reduce in the second half and beyond
Centamin reports 11% increase in gold production for second quarter
It produced 110,788 ounces of gold from its Sukari mine in Egypt
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Centamin making progress on several fronts, says Peel Hunt
The Sukari gold mine in Egypt has higher-grade zones to support short-term options for mill feed improvements
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Today's Market View - Centamin, Sovereign Metals, and more...
SP Angel . Morning View . Thursday 07 07 22Copper prices climb on bargain hunting after hitting the lowest since late 2020 MiFID II exempt information – see disclaimer belowASX:AGG – Guinea mine evacuated on safety concernsLON:CEY – Explora
Centamin provides update on exploration progress in Egypt and West Africa
Centamin's flagship asset is the Sukari gold mine, Egypt's largest and first modern gold mine
Gold prices: Not quite the perfect storm, but two shares offer equity exposure, says City broker
Liberum offered its insights on the market and its mechanics in a comprehensive note
Centamin’s solar project set to reduce miner’s carbon emissions by 15%, to be commissioned later this year
"2021 will be viewed as a transformational year for the company as we have sought to put in place strategies and plans that provide the foundation for our long-term success,” Martin Horgan said.
Centamin reports 13% increase in Scope 1 & 2 emissions in 2021
Construction of a hybrid solar project at its flagship Sukari operation is expected to lower carbon emissions by 15% across the group
Centamin to outline growth prospects after survey says broker
A full update on growth prospects should emerge during the current three months
Centamin gold output falls in first quarter as planned, keeps full-year target
The company has said it expects production in the first half of this year to account for just 45% of the annual target
Centamin posts 25% drop in full-year profit on lower gold sales and higher costs
The mining company produced 415,370 ounces of gold, down 8% from 2020, and reiterated its 2022 output target of 430,000 to 460,000 ounces
Centamin to take over as operator of underground mining at flagship Sukari gold mine
The transition to owner-operator mining is expected to generate long-term annual cost savings of US$19mln (£14mln) on average from 2023 onwards
Centamin production update leaves market cold
City broker Liberum repeated its sell advice on the Egypt-focused gold digger
Centamin expects to produce 500,000 ounces of gold from flagship Sukari mine in 2024
An updated life-of-mine plan for the Sukari gold mine will be given at today's virtual investor presentation
Centamin's interim profits fall on lower gold sales and higher production costs
It plans to pay an interim dividend of 4.0 US cents per share
Centamin to start pre-feasibility study at Doropo project following review of West African exploration portfolio
Centamin will review the third-party development options at Batie West after the project fell short of the gold miner’s investment criteria
Centamin pretax profit jumps 82% on higher gold prices
The average price received for its gold during the year rose 26% to US$1,766 an ounce
Centamin reports lower production as remedial work starts at Sukari
The gold miner had already warned production would be below previous estimates
Centamin portfolio offers significant growth potential, says UBS
The bank also said the firm's flagship Sukari gold mine in Egypt was now set to “deliver significantly better financial results in the future” following proposed operation changes and a life of mine review
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Altus Strategies* (LON:ALS) – BUY, 132p – New 6,300m drilling programme underway at Tabakorole Alba Mineral Resources (LON:ALBA) – Drilling results from Clogau mine Ariana Resources* (LON:AAU) – Sale of satellite deposits at Kiziltepe Botsw
Proactive weekly mining round-up: Centamin, Anglo American, Hochschild...
A snapshot of the mining news that came out over the past week
Investors are now asking: what is the point of Centamin?
Centamin has a long track record of mining gold in Egypt
Centamin cuts gold production guidance for 2020 and 2021
A review of the Sukari mine will be presented in early December, covering the three-year outlook, as well as initiatives aiming at improving costs and productivity
Proactive's weekly mining wrap: Centamin, Caledonia Mining Corporation, Eurasia Mining ...
Some of the small-cap mining stories released over the past week
Centamin reduces production target after movement affects high-grade zone at Sukari
Open-pit mining operations in this zone have been halted as a preventative safety measure
The gold sector catches fire around the world, as US$2,000 breached, share prices soar and cash rolls in
The gold price has hit record levels in multiple jurisdictions, including the US
Centamin boosts dividend after strong first half gold production numbers
The upward movement in the gold price has helped boost margins
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Today's Market View - Centamin, Jubilee Metals Group, Vast Resources and more...
Centamin (LON:CEY) – Q2 results confirm 2020 production and cost guidance remains broadly intact Jubilee Metals Group (LON:JBL) – Interims highlight strong PGM earnings growth and maintenance of cash position Novagold (CVE:NG) – Novagold su
Centamin says second quarter gold production exceeds expectations at nearly 131,000 ounces
New chief executive Martin Horgan thanked stakeholders, including the Egyptian government and the local community at Marsa Alam
Centamin’s post-tax profits rise 13% to US$173mln
Centamin has been an established producer of gold in Egypt for some years now
Centamin Egypt declares interim dividend, after first quarter gold production of 125,000 ounces
Centamin will defer some capex projects until the coronavirus crisis is over
Martin Horgan appointed new chief executive of Centamin Egypt
Centamin is Egypt's largest gold miner, with a strong track record of production
Centamin sees Q4 gold production jump 51% as it continues takeover battle with Endeavour Mining
Gold production for 2019 was 480,529 ounces, a 2% improvement year-on-year, while estimates for the coming year are between 510,000-540,000 ounces
Centamin tweaks board after rejecting takeover approach
Analysts at RBC said: "We hope that a fresh perspective could help encourage CEY’s board to engage with Endeavour around the recent potential for an all-share offer"
Centamin management unanimously rejects takeover approach from Endeavour Mining
The Egypt-focused gold miner said it believed the £1.44bn merger is “skewed in favour of Endeavour’s shareholders and fundamentally undervalues Centamin”
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Today's Market View - Centamin, Bluejay Mining, Firestone Diamonds and more...
Centamin (LON:CEY) – Expands on reasons to reject the Endeavour Mining offer Bluejay Mining* (LON:JAY) – Rio Tinto shuts Richard’s Bay as violence escalates Firestone Diamonds (LON:FDI) – Restoration of grid power at Liqhobong
Sirius Minerals: Could bid for gold digger Centamin pave the way for rescue of potash miner?
Analysts have said the Yorkshire miner could be vulnerable to an international takeover following its failed fundraising in August
Centamin expects strong final results despite weak third quarter performance
The Egyptian gold miner said “strong” free cash generation will be driven by improved gold sales and reduced costs
Centamin boss retires as gold miner misses production target
The gold miner warned that production for the first nine months of 2019 is lower than expected at 331-332,000 ounces
Centamin eyes production upside in second half
"The outlook for the business continues to improve,” said chief executive Andrew Pardey.
Investments and investor services
FTSE 100 closes higher again as bullish sentiment continues
Footsie closed around 50 points higher at 7,609 on Wednesday
Investments and investor services
FTSE 100 closes higher as global markets buoyed by Fed's hint on rates
Carnival and Evra were the two big fallers among Footsie constituents
Investments and investor services
FTSE 100 closes higher despite continued trade worries
The UK's blue-chip benchmark added over 23 points to close at 7,184
Centamin gold production outshines tough predictions
Management promises to publish a three-year outlook next quarter
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FTSE 100 closes in the red as resource stocks come off the boil
After hitting a six-month high on Tuesday afternoon, London's blue-chips took a step back on Wednesday
FTSE 100 closes lower as Brexit is talk of the town
Footsie closed down around 32 points at 7,151, while the FTSE 250 added 23 at 19,270
Centamin shares dive on poor operational and financial results
Grades dropped from both the underground and open pit mining operations
Investments and investor services
FTSE 100 closes higher but only just as sentiment boosted by trade progress
The UK blue-chip index finished around five points ahead at 7,183
Centamin announces substantial increase in mineral resources in Cote d’Ivoire
The Doropo licence holding of 2,721 sq km remains largely underexplored with numerous targets identified, presenting significant resource upside potential
Cardinal Resources aims for completed gold project DFS by September quarter
A PFS found that the project in Ghana could generate US$1.4 billion free cash flow before tax.
Capital Drilling clinches new contracts and key renewals following strong first half
Since its first half results in August, the drilling services firm has secured two key contract extensions as well as a new delineation drilling contract in Côte d'Ivoire
Investments and investor services
FTSE 100 closes Friday in the red after tumultuous week for UK politics
The UK's premier share index lost around 24 points at 7,013 on the day - and was down 1.29% on the week.
Sirius Minerals rises after dishing out £65,000 worth of shares to two employees
Some of the main risers and fallers in London on Friday...
Gold miner Centamin slashes full-year production target as quarterly output slumps
Centamin now expects annual production of around 480,000, down from its earlier target of between 505,000-515,000oz
FTSE 100 closes sharply lower as sterling gains and miners weigh
The UK blue - chip index finished down 99.8 points at 7,318, while FTSE 250 was also lower
Centamin slumps amid 25% drop in gold production at flagship Sukari mine
The FTSE 250 gold miner reported production for the second quarter was 92,803 ounces, down 25% year-on-year due to lower open pit grades
FTSE 100 closes firmly higher as market shrugs off UK political chaos
Fiona Cincotta, senior market analyst at City Index, said the UK was now at a crossroads..
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High street vs online: Updates from retailers Mark & Spencer and ASOS will provide fuel
Aside from M&S and ASOS, the week ahead will also bring trading updates from the likes of Ocado, Burberry, Barratt Development, Experian, and JD Wetherspoon
Centamin upgraded by Numis despite production woes
In a note to clients, the broker said despite the material downgrades, shares in the FTSE-250 gold miner “have been oversold as Sukari remains a low cost long life asset"
Defenx chief executive to leave after just six months
Some of the main news-driven risers and fallers in London on Friday afternoon...
Centamin plunges on forecasts for weaker second quarter as low grades persist at Sukari
The FTSE 250 gold miner said underground production at the mine was 10% below forecast, with production equipment availability resulting in lower production ore tonnage mined
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FTSE 100 closes higher but gives up gains; sterling hit on Brexit worries
Both the US and UK are heading towards a three-day weekend and, to be honest, it kind of feels like the break has already begun...
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Glencore reports first quarter production in wake of freeze orders served on DRC assets
The day ahead includes quarterly updates from Glencore and Smith & Nephew
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Asia to drive quarterly earnings growth at HSBC and Standard Chartered
Another busy week of earnings from FTSE 350 companies awaits
Milestone Group jumps as digital media company enters blockchain joint venture agreement
A look at some of the biggest risers and fallers in London on Monday
FTSE 100 ends lower as pound firms; housebuilders weigh
Britain's top tier index closed around 54 points lower at 7,533
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If it's fizz you are after on Wednesday, look to Britvic rather than the Fed
It would be a major shock were the US central bank's policy-makers to opt for a rate hike
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Unilever among the quality blue chip updates scheduled, but Fed meeting and US jobs data more important
Week ahead includes updates from FTSE 100 AstraZeneca PLC, BT Group PLC, Royal Dutch Shell PLC, and Unilever PLC, plus a Federal Reserve meeting and January US jobs data
Hochschild Mining has hit fair value, says house broker RBC
RBC would look to take profits in Hochschild and look for a more attractive entry point. It believes the next update on the exploration programme could act as a positive catalyst for the stock
FTSE 100 finishes a whisker from record high as BoE points to gradual rate hike
The FTSE 100 closed out Thursday up around 67 points at 7,555.
Can Shell get as good a reaction as BP Plc when it reports on Thursday?
Shell is due to release interim results on Thursday, but, will there be much to shout about.
FTSE 100 finishes 63 points up, boosted by weak pound
Around 3pm, the UK benchmark index was ahead almost 65 points at 7,476, just holding off the day’s peak of 7,484.53 hit after the Bank of England left UK rate unchanged
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Next to unveil improved second quarter with sales boosted by warm weather
Next is expected to shine in its second quarter trading update
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Banks to dominate another busy earnings week, including numbers from HSBC and RBS
Week ahead: HSBC, Royal Bank of Scotland, Royal Dutch Shell, Next, Centrica, Shire, US jobs, Bank of England policy meeting ...
Could Shell cut its dividend for the first time since World War II?
Could the oil super major follow in Carillion’s footsteps and slash its dividend?
FTSE 100 closes in red as financial stocks hit
The index of blue-chip shares closed down 24.92 at 7,447
Upheaval in junior mining as leading ETF GDXJ set to rebalance portfolio in June
Leading junior gold mining ETF the GDXJ is expanding its investing universe in what's known as a "re-balancing", and the effects aren't all positive