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Centamin Plc reports surge in H1 FY20 free cash flow due to the rise in the gold price and production

1 min read | August 04, 2020 08:19 PM BST | By Team Kalkine Media
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Centamin Plc (LON:CEY) reports results for the six months ended 30 June 2020.

  • The company’s free cash flow rose considerably during the reported period due to higher gold price and production.
  • The company produced 9 per cent higher gold in the reported period to 256,084oz as compared to 234,096oz in H1 2019.
  • The company’s Adjusted EBITDA stood at US$255 million, while the EBITDA margin was of 57 per cent, and profit before tax was US$191 million.
  • On 4August 2020, at the time of writing, GMT 10:24 AM, CEY shares were trading at GBX 207.00, down by 0.50 points or 0.24% against the previous day closing price.

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