The Centamin Plc board declares an interim dividend of 2.0 US cents per share (US$23 million) for the period ended 30 June 2023.
Other financial highlights include:
Revenue generation of US$426 million from gold sales of 219,353 oz at an average realised gold price of US$1,936/oz, with equivalent to US$28 million in gold inventory to be shipped
Increased EBITDA margin of 45% with EBITDA up 26% to US$193 million (H1 2022: US$153m)
Basic EPS of 7.86 US cents and net profit after tax attributable to shareholders of US$91 million
● Capital expenditure ("capex") of US$108 million with key capital projects advanced as scheduled and on track to meet 2023 guidance
Group operating cash flow of US$172 million from Sukari
Group free cash flow of US$19 million after US$88 million was received in profit share and cost recovery and US$59 million was distributed to our Egyptian government partners in profit share and royalties
Gold price protection programme implemented for the twelve months to June 2024, with the purchase of put options for 240,000 ounces of gold at a strike price of US$1,900/oz
Strong and flexible balance sheet with available cash and liquid assets of US$161 million (at 30 June 2023), after payment of the 2022 final dividend of US$29 million, and total liquidity of US$311 million reflecting the undrawn sustainability-linked revolving credit facility
