Investment Proposition

Investment Proposition

With a rapid growth profile and a robust balance sheet with substantial cash balances, Centamin is uniquely positioned among mid-tier gold producers to generate value for shareholders.

We are focused on driving operational excellence and strong profitability in order to deliver on our targets.

Rapid Production Growth

Centamin is aiming to grow production from the Sukari Gold Mine to 450-500,000 ounces of gold per annum. We have invested circa US$331 millon in the Stage 4 Expansion Project to double the processing plant's capacity from 5 million tonnes per annum (Mtpa) to 10Mtpa.

Exploration Upside Potential

Centamin has a large resource and reserve base and through the continued exploration of Sukari hill and the 160km2 Sukari tenement area there is significant upside potential.

Our regional exploration in Ethiopia is focussed on our own licences in the northern Tigray region as well as licences held through a joint venture arrangement with AIM-listed Alecto Minerals plc.

Following the acquisition of ASX-listed Ampella Mining Ltd, exploration work is continuing in Burkina Faso and Cote d'Ivoire. 

First Mover Advantage

Sukari is the only producing gold mine in Egypt. Our operating experience in Egypt gives us significant first-mover advantage in acquiring and developing other gold projects in the prospective Arabian-Nubian shield and beyond.

An Experienced Team

Centamin's management team and Board of Directors have considerable expertise in the gold mining industry. This ranges from the early stage identification of deposits, through to project financing, construction and development, and on to the operating of large mines. Some of the leadership team have been based at Sukari for almost a decade, taking it from an early stage exploration project to the operating gold mine it is today.

Financial Strength and Flexibility

With a robust balance sheet and strong cash flow generation from Sukari, we have financial flexibility to grow our business both organically as well as through strategic acquisitions in the Arabian-Nubian Shield and beyond. Centamin has no debt or hedging so is well positioned to benefit from the high gold price environment.