Our Company
Centamin was incorporated on 24 March 1970 in South Australia and listed on the Australian Stock Exchange on 08 October 1970.
The Company had various gold, base metal and diamond projects in Australia and currently retains a royalty agreement over the Nelson’s Fleet gold project at Kambalda.
In 1995, Pharaoh Gold Mines NL (PGM) an unlisted Australian public company entered into an agreement with the Egyptian Geological Survey and Mining Authority, and the Arab Republic of Egypt (The Eastern Desert Concession Agreement) to explore for gold and base metals in the Eastern Desert of Egypt. This agreement was declared into Egyptian Law 222 for 1994 and came into effect on 29 January 1995.
On 08 January 1999, the shareholders of Centamin approved the acquisition to acquire PGM as a wholly owned subsidiary and were successful in acquiring 99.99% of PGM. The shareholders also elected to change the name of the company (Centamin NL) to Centamin Egypt Limited to reflect the company’s geographic change (the company now owns 100% of PGM).
On 21 December 2001 the company listed on the Alternative Investment Market of the London Stock Exchange.
The conversion of the March 2003 options was successfully completed, raising $22,244,889 which has allowed the company to continue drilling and exploration over the Sukari project.
On 24 May 2005, PGM was granted a 160km2 exploitation lease over the massive Sukari hill gold project. Tenure was granted for 30 years with the option to renew for a further thirty years.
On 05 April 2007 the Company listed on the Toronto Stock Exchange.
On 23 November 2007 , and an aggregate of 112,000,000 special warrants were issued at a price of C$1.20 for gross proceeds of C$134.4 million.
On 10 February 2009, the Company announced that a total of 106,154,200 ordinary shares were sold at C$0.65 per share to raise gross proceeds of over C$69 million.
On 16 July 2009, the Company announced that a private placement of 19,000,000 ordinary shares at C$1.56 had closed, raising gross proceeds of over C$29 million.
On 06 November 2009, the Company’s entire ordinary share capital was admitted to the Official List of the Financial Services Authority and to London Stock Exchange Plc’s main market for listed securities.
Optimal design throughput at the Sukari Gold Project was achieved during December 2009.
On 11 January 2010, the Company announced that the Sukari Gold Project had achieved yet another important milestone with the commencement of gold exports to a nominated overseas gold refinery.
