The Centamin Board has proposed a final dividend of 3 US cents per share, equating to US$34.7 million to be distributed to shareholders, subject to shareholder approval at the annual general meeting on 11 May 2021
Other financial highlights include:
EBITDA of US$439 million, at a 53% EBITDA margin
Profit before tax of US$315 million
Basic earnings per share ("EPS") of 13.5 US cents per share
Group free cash flow of US$142 million, after a record of US$199 million was distributed in profit share and royalties to our partner, the Egyptian state
US$44 million of gross costs removed, as part of the ongoing US$100 million cost-saving target by 2024
Strong balance sheet with no debt or hedging, and cash and liquid assets of US$310 million, as at 31 December 2020
Record revenue generated of US$829 million from gold sales of 468,681 ounces at an average realised gold price of US$1,766 per ounce sold
