UK

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