Debt-free Centamin reports first-quarter revenue of $222m

Gold miner Centamin earned gross revenue of $222.2-million, generated from the sale of 139 784 oz of gold at an average realised price of $1 587/oz, in the first quarter of this year.

With no debt or hedging, Centamin has cash and liquid assets of $379.2-million, as at March 31, an increase of $30-million since December 31, 2019.