Centamin (DI) (CEY)

Sector:

Mining

Index:

FTSE 250

104.60p
   
  • Change Today:
      1.95p
  • 52 Week High: 232.10p
  • 52 Week Low: 100.00p
  • Currency: UK Pounds
  • Shares Issued: 1,156.45m
  • Volume: 3,471,563
  • Market Cap: £1,209.65m
  • RiskGrade: 204

Centamin dividends to exceed $100m in 2020 and 2021

By Sean Farrell

Date: Wednesday 02 Dec 2020

LONDON (ShareCast) - (Sharecast News) - Centamin said it would pay more than $100m (£74.4m) of dividends in each of the next two years as the gold miner set out production and cost-cut targets.
The FTSE 250 company said it intended to pay a $35m final dividend for 2020 taking the annual payout to $104m. In 2021 it is targeting a minimum annual dividend of $105m.

Centamin said it was aiming for $100m of cost cuts by 2024 and that it was positioning its Sukari mine in Egypt to produce 450,000-500,000 ounces of gold a year at all-in costs of less than $900 per oz sold from 2024.

Chief Executive Martin Horgan said: "Today we are setting out how we will unlock Centamin's potential. We have already strengthened the board and management as we embark on a programme to optimise Sukari and ensure it remains one of the world's leading, low-cost gold mines for the long-term. By generating strong and sustainable cash flows, we will be able to exploit our excellent growth opportunities while delivering returns for all our stakeholders."

The company published its ambitions ahead of a presentation to investors. It cut 2020 production guidance for Sukari in October after halting operations because of movement.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Centamin (DI) Market Data

Currency UK Pounds
Share Price 104.60p
Change Today 1.95p
% Change 1.90 %
52 Week High 232.10p
52 Week Low 100.00p
Volume 3,471,563
Shares Issued 1,156.45m
Market Cap £1,209.65m
RiskGrade 204

Centamin (DI) Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
77.39% above the market average77.39% above the market average77.39% above the market average77.39% above the market average77.39% above the market average
81.82% below the sector average81.82% below the sector average81.82% below the sector average81.82% below the sector average81.82% below the sector average
Price Trend
80.48% below the market average80.48% below the market average80.48% below the market average80.48% below the market average80.48% below the market average
66.41% below the sector average66.41% below the sector average66.41% below the sector average66.41% below the sector average66.41% below the sector average
Income
90.83% above the market average90.83% above the market average90.83% above the market average90.83% above the market average90.83% above the market average
20.00% above the sector average20.00% above the sector average20.00% above the sector average20.00% above the sector average20.00% above the sector average
Growth
89.64% above the market average89.64% above the market average89.64% above the market average89.64% above the market average89.64% above the market average
51.61% above the sector average51.61% above the sector average51.61% above the sector average51.61% above the sector average51.61% above the sector average

What The Brokers Say

Strong Buy 6
Buy 0
Neutral 4
Sell 0
Strong Sell 1
Total 11
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 29-Jul-2021

Time Volume / Share Price
16:45 2,971 @ 104.60p
16:45 2,971 @ 104.60p
16:35 931,690 @ 104.60p
16:29 356 @ 104.50p
16:29 565 @ 104.50p

Centamin (DI) Key Personnel

CFO Ross Jerrard
CEO Martin Horgan

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