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Centamin Share Price

Centamin Plc (CEY.L) has been impacted by the COVID-19 pandemic, which has caused disruptions to operations and affected gold prices. However, the company has taken measures to mitigate these impacts, including implementing health and safety protocols, increasing its cash position, and reducing costs.

In the first half of 2021, Centamin reported that its gold production had increased by 4% compared to the same period in the previous year due to higher grades and recoveries at the Sukari Gold Mine. The company also reported a significant increase in its net cash balance, which had risen to $336 million as of June 30, 2021, up from $253 million at the end of 2020.

Centamin Share Price

Centamin Plc (CEY.L) is a London Stock Exchange-listed mining company headquartered in Jersey, Channel Islands. The company primarily focuses on gold mining operations in Egypt, with its primary asset being the Sukari Gold Mine, one of the largest gold mines in Africa. As of this post, Centamin’s Share Price is at 104.25 GBp.

Centamin Plc was listed on the London Stock Exchange under the ticker symbol CEY.L. The company’s shares are also included in the FTSE 250 Index.

Centamin Share Price

Brief Background of Centamin Share

Centamin Plc (CEY.L) is a mining company founded in 1970 as an Australian mineral exploration company called Pharaoh Gold Mines NL. The company initially focused on exploring gold in Australia and later expanded its exploration activities to other countries, including Egypt.

In 1999, the company was restructured, and its Egyptian assets were spun off into a new company called Centamin Egypt Limited. Centamin Egypt Limited was listed on the Australian Stock Exchange in 2001, and in 2003, it acquired full ownership of the Sukari Gold Mine in Egypt.

In 2009, Centamin Egypt Limited changed its name to Centamin Plc and listed its shares on the London Stock Exchange. Since then, the company has focused on developing the Sukari Gold Mine, which has become one of the largest gold mines in Africa. The mine has operated since 2009, producing over 15 million ounces of gold.

Over the years, Centamin has faced various challenges, including disputes with the Egyptian government over the ownership of the Sukari Gold Mine and production disruptions due to labor disputes and operational issues. However, the company has continued to grow and expand its operations, with plans to explore and develop new gold mines in Egypt and other countries.

Advantages of Investing in Centamin

Advantages of investing in Centamin Plc may include:

  1. Exposure to the gold mining industry. Gold is a valuable and sought-after commodity, and investing in a gold mining company like Centamin Plc can provide exposure to this industry.
  2. Strong production record. The Sukari Gold Mine, Centamin’s primary asset, has been in production for over a decade and has consistently produced significant amounts of gold.
  3. Diversification. Including Centamin Plc in a diversified investment portfolio may help spread risk across different sectors and industries.
  4. Potential for dividends. In recent years, Centamin Plc has paid out dividends to shareholders, which can provide a source of passive income.

Main Competitors of Centamin

As a gold mining company, Centamin Plc (CEY.L) operates in a highly competitive industry, with several other companies also engaged in the exploration, development, and production of gold.

Some of Centamin Plc’s main competitors in the industry may include:

  1. Barrick Gold Corporation (GOLD). Barrick Gold is one of the world’s largest gold mining companies, operating in 13 countries.
  2. Newmont Corporation (NEM). Newmont is another major gold mining company with assets in North and South America, Australia, and Africa.
  3. AngloGold Ashanti Limited (AU). AngloGold Ashanti is a South African-based gold mining company operating in several countries worldwide.
  4. Kinross Gold Corporation (KGC). Kinross is a Canadian-based gold mining company with mines and projects in North and South America, West Africa, and Russia.
  5. Gold Fields Limited (GFI). Gold Fields is a South African-based gold mining company operating in several countries, including Australia, Ghana, and Peru.

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Conclusion

Centamin faced some challenges in 2021, including a labor strike at the Sukari Gold Mine in May, which disrupted operations for several days. In addition, the company’s CEO, Martin Horgan, announced his resignation in August 2021, and the search for a new CEO was ongoing at the time of my knowledge cutoff.

It’s important to note that stock prices can be volatile and subject to various factors, including market conditions, company performance, and global economic and political events. Therefore, the current status of Centamin Plc in the industry may differ from the information available at the time of my knowledge cutoff. Therefore, checking with a reliable financial news source or a stockbroker for up-to-date information is recommended.

FAQ

FAQ: Centamin Share Price

What is the historic performance of Centamin Plc Ord Npv stock?

Centamin Plc (CEY.L) has been listed on the London Stock Exchange since 2001. In the years following its IPO, the company's stock price generally experienced steady growth, with some fluctuations in response to changes in gold prices and other market conditions.

In 2012, Centamin Plc faced significant challenges when the Egyptian government temporarily suspended operations at its flagship Sukari Gold Mine. This led to a sharp decline in the company's stock price, which fell from a high of over £6 per share in 2011 to less than £0.30 per share in early 2013.

However, the company eventually resolved the dispute with the Egyptian government and resumed operations at Sukari, which helped stabilize its stock price. Since then, Centamin Plc's stock price has generally remained within a range of approximately £0.50 to £2 per share, with some fluctuations in response to changes in gold prices, company performance, and other factors.

Does Centamin Plc Ord Npv pay dividends to its stockholders?

Yes, Centamin Plc (CEY.L) pays dividends to its shareholders. The company has a stated dividend policy of paying out a minimum of 30% of its annual free cash flow in dividends, subject to maintaining a solid balance sheet and sufficient funds for growth and investment.

Historically, Centamin Plc has paid semi-annual dividends to its shareholders, typically in March and September of each year. However, the company's dividend payments have varied over time, depending on factors such as gold prices, company performance, and other market conditions.

For example, in 2020, Centamin Plc paid a total dividend of $0.12 per share, representing a 20% increase over the previous year. However, in 2019, the company reduced its dividend payout due to lower gold prices and higher capital expenditure requirements.

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Simon Williams
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