QUARTERLY Report
for the three months ended 30 June 2021
22 July 2021
https://tools.eurolandir.com/t…-GB&companycode=au-cey&v=
oder hier:
https://www.centamin.com/investors/regulatory-news/
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HIGHLIGHTS
Solid operational performance
· Gold production for the second quarter ("Q2"), was 100,228 ounces ("oz"), bringing production for the first half of the year ("H1") to 204,275 oz, and the Company remains on track to achieve 2021 guidance
· Revenue generated of US$177.5 million from gold sales of 97,229 oz at an average realised gold price of US$1,822/oz sold
· Cash costs of US$883/oz produced and all-in sustaining costs ("AISC") of US$1,290/oz sold
· Open pit operational performance delivered ahead of schedule, resulting in record quarterly total material moved of 25.6Mt (H1: 48.2Mt)
· Better than budgeted Group free cash flow of US$6.9 million reflected stronger gold price and lower capital expenditure ("capex"), offset by accelerated open waste-stripping programme and increased exploration activities
· Completed the West African portfolio strategic review, confirming positive growth potential at the Doropo Project, and commenced the pre-feasibility study ("PFS"), scheduled for completion in H1 2022
· Awarded the engineering, procurement and construction contracts for the Sukari 36MW solar farm and 7.5 MW battery-energy storage system, scheduled for completion in H1 2022
· Strong balance sheet with no debt, no hedging and cash and liquid assets of US$312.1 million, as at 30 June 2021, after US$34.5 million dividend distribution on 15 June 2021.
OUTLOOK
On track to meet full year guidance
· 2021 gold production and cost guidance maintained: 400,000 to 430,000 oz at cash costs of US$800-900/oz produced and AISC of US$1,150- 1,250/oz sold
· 2021 capex guidance maintained: US$225 million, with a 65% spend in H2 (previously 55%) due to timing adjustments to the payment schedule
· 2021 exploration expenditure increased to US$17 million (previously US$5 million), including progressing to PFS at Doropo, following positive strategic review of the Company's West African portfolio
· Recently agreed exploration license terms for a total 3,164km2 land package in Egypt's Arabian Nubian Shield subject to final legal formalities expected to be completed in Q3
· Sukari Life of Asset (Phase 2) optimisation work programme is scheduled for completion in Q4 2021.