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CENTAMIN (CELTF) Stock News, Apr-Aug 2023

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Centamin plc reported strong Q1 2023 results, achieving gold production of 105,875 ounces, a 14% increase YoY. Revenue reached US$205 million, an 18% increase from Q1 2022. Cash costs per ounce decreased by 7% to US$937, while all-in sustaining costs fell 13% to US$1,348. Exploration activities included US$3.8 million spent in the Sukari Concession. The company maintains its production guidance for 2023, projecting 450,000 to 480,000 ounces annually. Notably, free cash flow turned positive at US$8.1 million, enhancing their cash position to US$155 million. Centamin's operational safety improved, with an LTIFR of 0.31 per million hours worked. Future prospects include updating the Sukari life of mine plan and advancing the Doropo Project in Côte d'Ivoire.

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What is the current stock price of CENTAMIN (CELTF)?

CENTAMIN (CELTF) last closed at $1.88.