Centamin Boasts Strong Q3 Performance, Upsurge in Cash Flow

Centamin (GB:CEY) has released an update.

Centamin PLC has reported a robust financial and operational performance for the first two months of Q3 2024, with a 77% increase in free cash flow compared to the first half of the year, reaching $76 million. The company’s flagship Sukari Gold Mine produced 93,278 ounces of gold while maintaining strong cost discipline, resulting in cash costs of $715/oz produced. Centamin’s solid balance sheet is highlighted by $244 million in cash and liquid assets, underpinning its confident outlook for the remainder of the year.

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