Centamin set for £1.9bn takeover by gold mining giant Anglogold Ashanti Business The South African gold mining giant said Centamin was a "compelling strategic fit", highlighting the firm's Sukari mine in Egypt.
Centamin: Higher gold production boosts earnings for London-listed miner Mining London-listed miner Centamin said today that it pulled 450,058 ounces of gold out of the ground this year, around two per cent more than the year prior.
Centamin strikes gold as price surge takes revenues to new highs Centamin strikes gold with record revenue of $829m Gold miner Centamin generated record revenue in 2020 as the coronavirus pandemic pushed precious metal prices higher around the world. The firm reported revenue of $829m in 2020, from gold sales of 468,681 ounces at an average realised gold price of $1,766 per ounce sold. The gold mining company recorded profit before tax of $315m [...]
Centamin revenue leaps by more than a quarter as gold production thrives in 2020 January 19, 2021 Centamin’s full year revenue has risen by more than a quarter as the gold production firm delivered a strong 2020 performance. Yearly revenue reached $829m, a 26 per cent increase from $658.1m in 2019. Production from the Sukari Gold Mine for the final three months of the year was almost 68,000 ounces, meeting guidance set [...]
Centamin shares on the rise as gold production grows January 30, 2020 Centamin’s shares rose over five per cent today as the gold miner’s fourth quarter results vindicated its decision to resist a takeover offer from mining giant Endeavour. Gold production from the firm’s flagship Sukari mine rose eight per cent year on year to 148,387 ounces for the last quarter. Full year gold production rose two [...]
Endeavour calls off merger talks with gold miner Centamin January 14, 2020 Endeavour has called off attempts to merge with London-listed miner Centamin, after it said it would not extend the deadline for the Canadian corporation to make an offer. Shares in the UK firm fell eight per cent after the announcement was made. The two firms have been in talks since early December, when Endeavour went [...]
Endeavour hits back at Centamin over stalling claims December 19, 2019 Canadian miner Endeavour has hit back at takeover target Centamin over claims that it was stalling the sharing of information crucial to its proposed all-share merger. In a statement, Endeavour said that “the nature of the interaction from Centamin continues to suggest that it is unwilling to explore meaningfully the potential benefits of a merger.” [...]
Centamin says Endeavour is stalling in mining merger talks December 18, 2019 Canadian mining corporation Endeavour is refusing to share vital information regarding its value with takeover target Centamin unless it is given an extension to a deadline for making an offer. A statement from London-listed Centamin said that despite an agreement to exchange due diligence information, “Endeavour has now indicated that it will not provide the [...]
Centamin rejects £1.47bn Endeavour buyout proposal December 3, 2019 The board of London-listed gold miner Centamin have unanimously rejected a buyout proposal worth £1.47bn from Canada’s Endeavour Mining Corporation. The proposal was for an exchange of 0.0846 of Endeavour’s shares for each Centamin share, or around 126.27p per share, a premium of 13 per cent. Read more: Centamin shares fall down mine shaft on [...]
FTSE 100 risers: London miners climb blue-chip index as Vale shuts another mine March 21, 2019 London miners dominated the FTSE 100 this morning after Brazilian giant Vale said it was suspending production at another mine. Fresnillo led the charge of the metals producers, up 5.3 per cent, but Antofagasta, Glencore and Anglo American also made the top five risers on the index. Read more: Shares in miner Ferrexpo plunge after [...]