Centamin
 | |
| Public limited company | |
| Traded as | LSE: CEY, TSX: CEE |
| Industry | Gold mining |
| Founded | 1970 |
| Headquarters | Mount Pleasant, Western Australia |
Key people | Josef El-Raghy (Chairman & Interim CEO) |
| Revenue | US$508.4 million (2015)[1] |
| US$105.1 million (2015)[1] | |
| US$51.6 million (2015)[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 is listed on the London Stock Exchange and the Toronto Stock Exchange and is a constituent of the FTSE 250 Index.
History
Centamin was first listed on the Australian Stock Exchange in 1970.[2] In 1999 it acquired Pharaoh Gold Mines, a company which has 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]
On 19 May 2016 it was reported that Richard Osman, who had also been a senior executive of Centamin, was one of the passengers of the vanished EgyptAir Flight 804.[7]
Operations
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
- 1 2 3 "Preliminary Results 2015" (PDF). Centamin. Retrieved 31 March 2016.
- 1 2 3 Centamin Egypt – 12 million ounces of gold and rising Archived December 2, 2009, at the Wayback Machine. Proactive Investors, 29 August 2008
- 1 2 3 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
- ↑ "Welsh man Richard Osman on board plane". BBC. 19 May 2016. Retrieved 20 May 2016.
- ↑ Els, Frik (30 October 2012). "Investors flee Centamin after Egyptian court annuls gold concession". mining.com.
