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Centamin earnings up despite a capital-intensive phase

Grades were down due to the scheduled inclusion of low-grade oxide and transitional ore tonnage
July 26, 2023
  • Favourable medium-term pricing outlook
  • Underground and open pit mining volumes on the rise

Shares in Centamin (CEY) were marked up after the gold miner posted a 26 per cent increase in interim cash profits to $193mn (£154mn). Operating cash flows were up by a third to $172mn, reflecting an improved operational performance and favourable pricing.

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