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Prices & Quotes - UK Markets - Centamin (DI) (CEY)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Down 123.95p
Change Today:
-2.10p
Market Cap:
1,432.81m
Sector:
Mining

Centamin ups dividend as gold price sends profit soaring

By Sean Farrell

Date: Tuesday 04 Aug 2020

LONDON (ShareCast) - (Sharecast News) - Centamin increased its interim dividend by 50% after first-half profit more than tripled as the price of gold soared.
Pretax profit for the six months to the end of June jumped to $191.1m (146m) from $59.6m a year earlier as revenue rose 56% to $448.8m. The gold miner increased its interim dividend to 6 cents a share.

Centamin average realised gold price increased 27% to $1,657 an ounce as investors bought the traditional haven asset during the Covid-19 crisis.

The amount of gold produced rose 9% to 256,084 ounces and gold sold rose 21% to 270,529 ounces. Costs rose 3% to $164.3m.

Chief Executive Martin Horgan said: "Over the first half of 2020, Centamin has successfully navigated the challenges presented by the Covid-19 pandemic to deliver a strong operating and financial performance. This operational delivery has enabled us to benefit from the recent strength in the gold price."

The FTSE 250 company, which operates the Sukari mine in Egypt, said it was on track to achieve its annual production guidance of 510,000-525,000 ounces of gold and for costs of $630-680 per ounce produced.

Centamin shares fell 1.9% to 203.6p at 08:33 BST. The shares have gained about 60% in 2020.

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Centamin (DI) Market Data

Currency UK Pounds
Price 123.95p
Change Today -2.10p
52 Week High 232.10p
52 Week Low 94.44p
Volume 4,052,980
Shares Issued 1,155.96m
Market Cap 1,432.81m

Performance Indicators

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What The Brokers Say

Strong Buy 2
Buy 1
Neutral 7
Sell 0
Strong Sell 0
Total 10
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Centamin (DI) Dividends

  Latest Previous
  2nd Interim 1st Interim
Ex-Div 13-Aug-20 30-Apr-20
Paid 11-Sep-20 15-May-20
Amount 6.00¢ 6.00¢

Trades for 30-Oct-2020

Time Volume / Share Price
16:35 1,446,016 @ 123.95p
16:29 4 @ 123.50p
16:29 20 @ 123.50p
16:29 83 @ 123.50p
16:29 10 @ 123.50p

Centamin (DI) Key Personnel

CFO Ross Jerrard
CEO Martin Horgan