PROFIT & LOSS

Centamin profit, cash flow falls

Centamin’s (LSE:CEY) 2018 before-tax profit fell 26% compared the year before after a poor year on the ground at its Sukari gold mine in Egypt.

Sukari's throughput went up but lower grades have hit production numbers in recent months

Sukari's throughput went up but lower grades have hit production numbers in recent months

Profit for 2018 was US$152 million, and its free cash flow halved to $63.4 million.  This has led to the company cutting the dividend heavily, from 12.5c per share in 2017 to 5.5c in 2018.  The poorer...

Start a free trial to continue reading this article
Already have an account?  
Subscribe now

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.

editions

Mining Journal Intelligence World Risk Report 2023 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 121 jurisdictions globally, built on 11 ‘hard risk’ metrics and an industrywide survey.

editions

Mining Journal Intelligence Global Leadership Report 2023: Social licence

Gain insights into social licence trends and best practices from interviews with 20+ top mining company executives and an industrywide survey.