Centamin Remains On Track to Surpass 2021 Output Target

SEATTLE (Scrap Monster): Centamin published interim report for the initial six-month period of the current year.

The revenue for the six months ended 30^th June, 2021 was $367.4 million. The total gold sales stood at 203,802 ounces at an average realized gold price of $1,799 per ounce. The company reported all-in sustaining costs (AISC) of $1,186 per oz. The EBITDA was $190.4 million, with a margin of 52%. The profit before tax was $116.8 million.

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The capital expenditure of $78.3 million resulted in significant progress on capital projects. The available cash and liquid assets as at the end of the half-yearly period stood at $312.1 million. Centamin declared an interim dividend of 4 cents per share, which will be payable to shareholders on 30^th September, 2021.

The company announced that it is on track to meet its gold production guidance for the full year at 400,000 to 430,000 oz at cash costs of $800-900 per ounce produced. It maintained its capex guidance and exploration expenditure unchanged at $225 million and $17 million respectively.

Martin Horgan, CEO, Centamin said that the company delivered strong performance against plans. It is committed to develop its active growth pipeline in Egypt and Ivory Coast and invest more in its flagship Sukari gold mine, he added.