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Highlights
- Centamin PLC (LSE:CEY) is an FTSE 250 listed gold mining entity that specializes in the exploration and development of minerals.
- The company reported an increase of 18% in sales to USD 205.2 million in Q1 FY23.
- As per FY22 Sustainability Report, the group reported zero fatalities at the workplace during the year.
One of the leading gold producers, Centamin PLC (LSE:CEY) is involved in the exploration and development of minerals. The company holds a premium listing on the London Stock Exchange, as a FTSE250 constituent.
For the first quarter of fiscal year 2023, Centamin reported total gold production of 105,875 ounces as compared to 93,109 oz of total gold production in the previous corresponding period (pcp). For the said duration, CEY sold the metals at an increased average realized price of US$1,902/oz (ounce) against the average realized price of USD 1,883/oz in pcp.
Its sales grew 18% annually to US$205.2 million in the first quarter of the year (Q1 FY23) versus a revenue of USD 174.6 million in Q1 FY22. The company attributes this growth in sales to higher production and increased average realized prices for gold.
Key details of FY22 Sustainability Report
As per the Sustainability Report for the year FY22, there was zero fatality in the workplace. This highlights an improvement of 83% on a year-on-year (YoY) basis in LTIFR (lost time injury frequency rate per 1 million hours) and a 13% increase in TRIFR (total recordable injury frequency rate per 1 million hours).
The company employs a local workforce of approx. 96% of its total workforce and almost 68% of the total group's procurement spend is with national suppliers.
Top 10 Shareholders
The top 10 shareholders of the company collectively form ~23.26% of the total shareholdings. VanEck Gold Miners ETF holds the maximum number of shares with ~5.59% shareholding, followed by VanEck Junior Gold Miners ETF with ~3.66% shareholding, as depicted in the chart below.
Stock Price Performance
The stock has witnessed a fall of ~11.98% in the last three months and over the last six months, it has fallen by ~14.13%. The stock has a 52-week low and 52-week high of GBX 74.18 & 127.6.
Data Source: EODHD/Others, Analysis done by Kalkine Group
Note 1: Past performance is not a reliable indicator of future performance.
Note 2: The reference data for all price data, currency, technical indicators, support, and resistance levels is 14 June 2023. The reference data in this report has been partly sourced from EODHD/Others.
