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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 118.40p
Change Today:
-1.10p
Market Cap:
1,368.65m
Sector:
Mining

Centamin profit soars on higher gold price

By Sean Farrell

Date: Monday 22 Mar 2021

LONDON (ShareCast) - (Sharecast News) - Centamin's annual profit soared as the higher price of gold more than offset a dip in production during the Covid-19 crisis.
Pretax profit jumped 82% to $315m (228m) in the year to end of December as revenue rose 27% to a record $829m. Earnings before interest, tax, depreciation and amortisation increased 54% to $439m.

The FTSE 250 gold miner proposed a final dividend of 3 cents a share, taking the total 2020 payout to 15 cents a share or $104m. Centamin said it would pay at least $105m of dividends in 2021.

Centamin produced 452,320 oz of gold, down 6% from the year before and the average realised price rose 26% to $1,766 per ounce as demand increased during the crisis. The company also cut $44m of gross costs and generated $142m of cash.

Chief executive Martin Horgan said: "Centamin delivered another solid financial performance in 2020, driven primarily by improved commodity pricing, our comprehensive response to Covid-19 and an improvement in operating efficiencies and productivity."

The company reiterated its outlook for 2021, predicting gold production of 400,000 to 430,000 oz, at cash costs of $800-900 per oz produced and all-in sustaining costs of $1,150- 1,250 per oz sold.













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Centamin (DI) Market Data

Currency UK Pounds
Price 118.40p
Change Today -1.10p
52 Week High 232.10p
52 Week Low 101.05p
Volume 6,075,221
Shares Issued 1,155.96m
Market Cap 1,368.65m

Performance Indicators

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What The Brokers Say

Strong Buy 5
Buy 0
Neutral 5
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
  Final 2nd Interim
Ex-Div 20-May-21 13-Aug-20
Paid 15-Jun-21 11-Sep-20
Amount 3.00¢ 6.00¢

Trades for 12-May-2021

Time Volume / Share Price
16:35 747 @ 118.40p
16:35 738,917 @ 118.40p
16:29 130 @ 118.35p
16:29 506 @ 118.35p
16:29 330 @ 118.35p

Centamin (DI) Key Personnel

CFO Ross Jerrard
CEO Martin Horgan