Centamin
 | |
| Company type | Public limited company |
|---|---|
| LSE: CEY TSX: CEE FTSE 250 component | |
| ISIN | GB00B033F229 |
| Industry | Gold mining |
| Founded | 1970 |
| Headquarters | Jersey, Channel Islands |
Key people |
|
| Revenue |  US$891.3 million (2023)[1] |
| US$194.5 million (2023)[1] | |
| US$194.9 million (2023)[1] | |
| Website | www.centamin.com |
Centamin plc (LSE: CEY, TSX: CEE) is a gold mining company focused on the Arabian-Nubian Shield. It has offices in London, UK; Mount Pleasant, Western Australia; and Alexandria, Egypt. Its registered office is in Jersey. It is listed on the London Stock Exchange and the Toronto Stock Exchange and is a constituent of the FTSE 250 Index.
History
[edit]Centamin was first listed on the Australian Stock Exchange in 1970.[2] In 1999, it acquired Pharaoh Gold Mines, a company that had been exploring for gold in Egypt since 1995, and became "Centamin Egypt".[2] The company was granted a 160 square kilometre exploitation lease over the Sukari Gold Project in the eastern desert of Egypt in 2005.[3] A listing was secured on the Toronto Stock Exchange in 2007 to raise funding for production,[2] and first gold was poured in June 2009.[3] The Company moved to a full listing on the London Stock Exchange in November 2009,[4] and was delisted from the Australian Stock Exchange in 2010.[5] In 2011, it redomiciled to Jersey and changed its name to "Centamin plc".[6]
Operations
[edit]The company operates the Sukari Gold Mine in the Eastern Desert of Egypt,[3] some 700 km from Cairo and 25 km from the Red Sea. First gold was poured at Sukari in June 2009 and commercial production began on 1 April 2010, making Sukari the first modern gold mine in Egypt, a country which in ancient times was a prolific producer of the precious metal.[7]
References
[edit]- ^ a b c "Annual Results 2023" (PDF). Centamin. Retrieved 21 March 2024.
- ^ a b c Centamin Egypt – 12 million ounces of gold and rising Archived 2 December 2009 at the Wayback Machine Proactive Investors, 29 August 2008
- ^ a b c Centamin Egypt on track for imminent production Daily Telegraph, 7 April 2009
- ^ Aim's winners and losers Investors Chronicle, 18 June 2010
- ^ Centamin starts Egypt gold exports Daily Telegraph, 11 January 2010
- ^ Centamin Egypt plans to redomicile to Jersey Egypt Independent [dead link]
- ^ Els, Frik (30 October 2012). "Investors flee Centamin after Egyptian court annuls gold concession". mining.com.