Central Asia Metals PLC (AIM:CAML, OTC:CAMLF) CEO Gavin Ferrar talked with Proactive about the company’s progress and strategic initiatives at the One2One Investor forum.
The company reported strong performance metrics, including a revenue of $103.8 million and an EBITDA margin of 47% in the latest half-year report. Key updates include the transition to new mining methods at the Sasa zinc-lead mine in North Macedonia and continued low-cost production at the Kounrad copper project in Kazakhstan.
Ferrar highlighted that Kounrad is one of the lowest-cost copper producers globally, with C1 cash costs of $0.78 per pound. He also discussed sustainability efforts, such as the introduction of dry stack tailings and investments in local communities, totaling 3.5% of annual revenue.
Regarding growth, Ferrar outlined the company’s search for transformative acquisitions while maintaining a robust balance sheet with $56.3 million in cash and no debt. “We are generating healthy EBITDA margins of 72% at Kounrad, and Sasa’s new methods extend the mine life to 2039,” Ferrar explained. He also touched on recent investments in exploration projects in Scotland and Kazakhstan, aiming to build a pipeline of future opportunities.