Centamin
 | |
| Company type | Public limited company |
|---|---|
| LSE: CEY TSX: CEE | |
| 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 was listed on the London Stock Exchange and the Toronto Stock Exchange until it was acquired by AngloGold Ashanti in November 2024.
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]
In September 2024, AngloGold Ashanti made an offer for the company in a deal which valued it at $2.5 billion.[7]
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.[8]
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]
- ^ "AngloGold in $2.5 bln deal for Centamin, targets 'Tier 1' assets". Reuters. 10 September 2024. Retrieved 19 November 2024.
- ^ Els, Frik (30 October 2012). "Investors flee Centamin after Egyptian court annuls gold concession". mining.com.