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CELTF

Centamin Plc

http://www.centamin.com/

Industry

Gold Ore Mining

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AngloGold Ashanti plans to acquire Centamin for $2.5 billion in an all-share deal, making it the fourth-largest gold producer globally. The acquisition includes Centamin's Sukari gold mine, a Tier 1 asset, and is expected to be accretive from day one. Centamin shareholders will receive a premium and hold 16.4% of the enlarged company.

Portfolio Pulse from Stjepan Kalinic

September 10, 2024 | 11:53 am

Centamin PLC (OTCPK: CELTF), a gold mining company operating in Egypt, reported a 25% increase in annual profit for 2023, reaching $195.1 million, driven by higher gold sales volume and prices. The company's revenue rose by 13% to $891.3 million, with gold sales from the Sukari mine increasing by 4% to 456,625 ounces. Despite these gains, Egypt's economic challenges and geopolitical instability pose risks to Centamin's operations.

Portfolio Pulse from Stjepan Kalinic

March 21, 2024 | 10:06 pm

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