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Centamin plc (CEE.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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1.2300-0.0200 (-1.60%)
At close: 03:59PM EDT

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  • S
    New drill results look great. Bodes well for the future!!
  • t
    The Egypt-focused gold miner, saw sales decline 9% to 118,617 in the third quarter, however, this was offset by a 12% increase in average prices.
    Revenue for the three months to September was $230m (£176m), 43% higher than a year ago.
    The company’s Sukari gold mine, which is located just outside of Cairo, is the only operating gold mine in Egypt.
  • L
    Closing in on a 52-week high, great to see- future looks bright- have seen a number of great opportunities from SmallCapCanada recently- they always uncover the hidden gems that are showing strong signs of growth- well worth checking out- SmallCapCanada
  • B
    How happy are people with today’s dividend announcement? 😜
    I think it’s excellent when you consider what went on last year and I think it demonstrates Centamins credentials as a solid dividend play ! 😛
    I’m happy I held on !
  • E
    Starting a position here, no debt, high dividend, lower cap ex in future. The 1 worry I have is another uprising in Egypt.
  • T
    Hello, fellow investors! I've been watching this stock for a while and accumulating due diligence on it prior to making a move. I was wondering if some of you would be kind enough to share with me what you like about this business, please? And future catalysts? Thanks in advance!
  • r
    Centamin PLC (LON:CEY) confirmed its reduced guidance is for 445,000-455,000 ounces of gold for this year, with a significant fall next year to 400,000-430,000 ounces.
    Although reduced guidance was expected for this year, chief executive Martin Horgan said 2021’s much lower output reflected “continued work required to improve operational flexibility in the open pit”, having begun waste stripping work to improve optionality in Sukari mine's open pit, though it is not expected to reap benefits until 2022.
    Horgan said the results of a review of the Sukari mine will be presented on December 2, covering the three-year outlook, as well as initiatives aiming to improve costs and productivity.
    The Egyptian gold miner already warned of the lower guidance for this year and reported 128,240 ounces of gold production in the third quarter from the Sukari gold mine, while all-in sustaining costs came in at US$961/oz.
    Revenue of US$230mln was generated in the quarter, a 43% improvement year-on-year that has been driven by both price and volume sold, bringing the total so far to US$678m.
    Free cash flow for the year had reached US$137mln, with the balance sheet holding US$345mln in net cash and liquid assets. 
    “During September, Centamin submitted applications for several new exploration licences in Egypt and we look forward to continuing to work with our partners at EMRA and the Ministry of Petroleum to further develop Egypt's gold industry,” he said.
    Broker Peel Hunt said it was a negative update on Sukari for most of 2021, with the new guidance translating into an additional 100-130k oz production loss for 2021.
    “No additional costs are scheduled for the additional 2021 waste stripping since it was already part of the mine plan, but it does mean significantly less gold production for the coming year.”

    Personally I just plan to buy more shares in the dip. Centamin have been a strong dividend payer and are honest and upfront about what is happening in their business.

    Golds gold man.
  • B
    Do investors realise the Egyptian problem has now been solved ? There is huge overselling happening here so I’ve used it to load up ! Everybody else should do the same before the market wakes up 😜
  • L
    20% down.issues with stability ...Anyone know what this means? In the long term, or is this a buying opportunity?
  • B
    Be wise don't panic guys  🤓
    I have bought and sold CENTAMIN lots of times from it's £2.20 high taking little profits but now I'm building up my stake at a £1 per share as, solid company, no dept pays a great dividend it's sakiri mine will restart full production of gold early next year ££££ love this stock guys
  • J
    Has anyone received their dividends? as I’ve still not seen mine appear in my account?
  • J
    Loving these prices right now. Undervalued and with its semi annual dividend coming up this is a great time to buy!
  • D
    This stock is oversold and has enduring growth potential!
  • J
    dividend is going up to 12 cents annually or %10 if gold gets to $1900.

    What a joke, keep falling please. I will take a 10% forward dividend on gold anyday
  • T
    500.000 ounces produces per year, still 15 million in the ground, all in cost 900 dollar/ounce, what do you think.....
    and above all, no debt
  • S
    Ex dividend today hence the drop
  • E
    bottoming, great report, management insider buy, totally forgotten. love it
  • A
    I watch this company with interest as it does look good and quite cheap. However I am mindful of the potential risks of operating in Egypt, especially if we do get another uprising due to massive inflation, especially with regards to life's essentials eg. foodstuffs such as bread. Heavily reliant on imports of wheat etc
  • J
    Ahh yes. Gold is heading straight up so centamin does the opposite. Gotta love it
  • f
    Dividend date coming soon in 13 days !