Centamin shares fall down mine shaft on poor annual results February 25, 2019 London-listed gold miner Centamin dropped heavily today as production fell 13 per cent last year, squeezing its bottom line. Shares had fallen by around 22 per cent by the early afternoon as the company showed disappointing results for the year ended December. Read more: Barrick Gold launches $18bn hostile bid for Newmont The company said [...]
Centamin announces first ever dividend as earnings decline August 14, 2014 EGYPT-FOCUSED gold miner Centamin yesterday announced its first dividend of 0.87 cents per share, as it unveiled weaker-than-expected second-quarter results. The FTSE 250 firm said earnings had halved to $32.6m (£19.5m) in the second quarter compared to the same period the previous year, as it mined lower grade ore at its flagship Sukari mine in [...]
Centamin slides as lower gold output causes earnings to fall May 15, 2014 SHARES in Centamin slumped over three per cent yesterday, after the gold miner’s quarterly update showed lower production that led to higher cash costs. The FTSE 250-listed gold miner said core earnings were down 25 per cent quarter-on-quarter and 58 per cent year-on-year to $34.4m (£20.5m). Production fell 19 per cent quarter-on-quarter to 74,241 ounces, [...]
Centamin soars on hopes a new Egyptian law will end court case April 24, 2014 SHARES in Centamin surged over 10 per cent yesterday, after the Egypt-focused gold miner noted a law change that should end a long-running court dispute over the validity of an exploration licence. The new ruling will restrict third parties from challenging contracts between the Egyptian government and investors, which will also apply to pending lawsuits. [...]
Centamin strikes gold with Egyptian law change April 24, 2014 Centamin might have finally seen the light at the end of the tunnel, after an extremely long and arduous court dispute over the validity of an exploration licence. Shares surged around 10 per cent in early trading and have edged up even higher this afternoon, after the Egypt-focused gold miner noted a change to a [...]
Centamin plans dividend after output rockets March 24, 2014 CENTAMIN yesterday hinted at further acquisitions and said it hoped to have its dividend policy in place by May, as it unveiled production and costs that beat guidance. Shares jumped nearly 10 per cent as the Egypt-focused gold miner reported record core earnings of $234.2m (£142m) in 2013, up one per cent on 2012, with [...]
Centamin shares rise on news of glittering gold production figures January 6, 2014 CENTAMIN shares rose nearly three per cent yesterday on news the FTSE 250-listed metals and minerals producer had increased gold production and beaten its full-year guidance. Preliminary fourth quarter figures showed total gold production at its Sukari Gold Mine in Egypt was 91,546 ounces, up seven per cent on the same quarter in 2012 and [...]