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Centamin's 'back to basics' approach drives BMO re-rating

Investment bank BMO has upgraded Centamin to “outperform” from “market perform”, having been won over by the “back to basics” approach of the company’s management, in addition to a decent dividend and strong balance sheet.

Centamin's 'back to basics' approach drives BMO re-rating Centamin's 'back to basics' approach drives BMO re-rating Centamin's 'back to basics' approach drives BMO re-rating Centamin's 'back to basics' approach drives BMO re-rating Centamin's 'back to basics' approach drives BMO re-rating

Centamin's flagship asset: the Sukari gold mine in Egypt's Eastern Desert

Operational issues at Centamin's flagship Sukari mine in Egypt late 2020 have caused the miner to lag its peers over the last 12 months.