Centamin plc (LSECEY, TSXCEE) 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 is listed on the London Stock Exchange and the Toronto Stock Exchange and is a constituent of the FTSE 250 Index.

Centamin plc
TypePublic limited company
LSECEY
TSXCEE
FTSE 250 component
ISINGB00B033F229
IndustryGold mining
Founded1970; 52 years ago (1970)
HeadquartersJersey, Channel Islands
Key people
RevenueDecrease US$733.3 million (2021)[1]
Decrease US$153.6 million (2021)[1]
Decrease US$153.7 million (2021)[1]
Websitewww.centamin.com

HistoryEdit

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]

OperationsEdit

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.[7]

ReferencesEdit

  1. ^ a b c "Annual Results 2021" (PDF). Centamin. Retrieved 16 March 2022.
  2. ^ 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
  3. ^ a b c Centamin Egypt on track for imminent production Daily Telegraph, 7 April 2009
  4. ^ Aim's winners and losers Investors Chronicle, 18 June 2010
  5. ^ Centamin starts Egypt gold exports Daily Telegraph, 11 January 2010
  6. ^ Centamin Egypt plans to redomicile to Jersey Egypt Independent[dead link]
  7. ^ Els, Frik (30 October 2012). "Investors flee Centamin after Egyptian court annuls gold concession". mining.com.

External linksEdit