trending Market Intelligence /marketintelligence/en/news-insights/trending/s4vg_xYWK_7wZWz1hc5GEA2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Centamin ups interim dividend; Q2 earnings drop YOY

Essential Metals & Mining Insights - August 2020

State of the Market: Mining Q2-2020

Report Outlooks of Lithium and Cobalt

Essential Metals & Mining Insights July 2020

Centamin ups interim dividend; Q2 earnings drop YOY

Centamin Plc's increased its interim dividend 25% year over year to 2.5 U.S. cents, despite the second-quarter profit attributable to shareholders plummeting year over year.

The company recorded a profit attributable to shareholders of US$12.7 million, or 1.09 U.S. cents per share, in the second quarter, dropping from US$72.7 million, or 6.27 cents apiece, a year ago.

Revenue for the company dropped to US$151.3 million in the quarter from US$180.1 million a year ago on lower sales volumes and a lower average realized price for gold, according to the Aug. 3 release.

Gross profit for the quarter fell to US$47.7 million, compared to US$83.3 million, and profit before tax declined to US$37.8 million, from US$73.4 million, on a yearly basis.

The company sold 120,912 ounces of gold in the three months at an average realized gold price of US$1,249 per ounce, compared to sales of 141,802 ounces at US$1,268 per ounce a year ago.

Centamin's production fell to 124,641 ounces of gold in the second quarter, from 140,306 ounces produced in the prior-year quarter.

In the first half of the year, profit attributable to shareholders dropped to US$26.0 million, or 2.24 cents per share, from US$113.5 million, or 9.80 cents apiece, in the first half 2016.

Half-yearly revenue fell to US$292.0 million, from US$328.2 million a year ago.