Centamin boosts dividend after strong first half gold production numbers

Home UK Centamin boosts dividend after strong first half gold production numbers
Centamin boosts dividend after strong first half gold production numbers

Centamin PLC (LON:CEY) booked revenues of US$449mln and net profit of US$75mln as gold production from its Sukari mine in Egypt continued strong in the first half to June 2020.

All-in sustaining costs per ounce of gold produced ran at US$899, and the average realised price of gold sold during the period was US$1,657 per ounce.

"Over the first half of 2020, Centamin has successfully navigated the challenges presented by the COVID-19 pandemic to deliver a strong operating and financial performance,” said chief executive Martin Horgan.

“This operational delivery has enabled us to benefit from the recent strength in the gold price. Combined witRead More – Source

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