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Centamin Ord Shs CELTF


Primary Symbol: T.CEE

Centamin plc is a Jersey-based gold producer. Its assets include Sukari Gold Mine, Doropo Gold Project and ABC Project. The Sukari is a bulk tonnage open pit and a high-grade underground operation, with significant exploration upside at depth and regionally, within the 160 square kilometers (km2) tenement. The Doropo Project consists of seven exploration permits, covering an area of over 1,850 km2. The Doropo Project is in the northeast of Cote d’Ivoire, over 480 kilometers (km) north of Abidjan. The ABC Project is in northwest Cote d'Ivoire, over 550 km northwest of Abidjan and 460 km west of Centamin's Doropo project. Its EDX Blocks comprise 3,000 km2 of greenfield exploration tenements within the Egyptian section of the Arabian Nubian Shield. The land package is divided into three blocks: Nugrus Block, which covers over 1,086 km2, Um Rus Block, which is located 50 km north of Sukari, and Najd Block, which is located 100 km northwest of Sukari in the Central Eastern Desert.


TSX:CEE - Post by User

Post by TimeBuilderon Mar 20, 2023 9:40am
73 Views
Post# 35348570

T.CEE = FYI > Market Perform copied from TDWBDI ;>O

T.CEE = FYI > Market Perform copied from TDWBDI ;>O

Centamin Maintained at Market Perform by BMO Following Annual Results; Price Target Kept at GBP1.20

11:29 AM EDT, 03/17/2023 (MT Newswires) -- BMO Capital Markets on Friday maintained its market-perform rating on the shares of Centamin (CEE.TO) and its GBP1.20 price target after the miner reported 2022 results.

"Impact: Neutral. After pre-releasing operating results that were in line with 2022 guidance, Centamin reported full year financial results that are broadly in-line except for a true-up adjustment related to EMRA minority interest that resulted in lower earnings for Centamin shareholders vs our estimate. The company has declared a final dividend of US2.5 cents/share for (total US5.0 cents/sh), representing ~3.9% dividend yield. Overall, 2022 was a year of operational initiatives and consistent delivery. Looking forward to 2023, alongside continued operational consistency investors focus will be on the Sukari mineplan update expected Q4/23," analyst Raj Ray wrote.

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)

Price: 1.69, Change: -0.01, Percent Change: -0.59


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