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Wednesday, 20 May 2020

Earnings watch: Centamin reports USD 172.9 mn in 2020 profits

EARNINGS WATCH- Gold miner Centamin reported a 13% y-o-y rise in profit after tax in 2019, which came in at USD 172.9 mn, according to its earnings report (pdf). The Sukari gold mine had one of its “strongest quarterly results” in 4Q2019, the report said. The mine’s gold production during the year will be disclosed later this month. Centamin reported USD 222.2 mn in gross revenues in 1Q2020, which the company generated from selling 139.8k ounces of gold, according to the company’s quarterly report (pdf).

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