Centamin’s FY18 Ebitda falls 17% y/y on lower output, higher costs

TSX- and LSE-listed gold miner Centamin on Monday reported earnings before interest, taxes, depreciation and amortisation of $257-million for the year ended December 31, 2018.

This is a 17% year-on-year decrease, as a result of lower production and higher operating costs, translating to basic earnings a share of $0.065 – a 22% year-on-year decrease.