{"id":1179569,"date":"2020-04-21T11:53:20","date_gmt":"2020-04-21T16:53:20","guid":{"rendered":"https:\/\/www.mining.com\/?p=1021119"},"modified":"2020-04-21T11:53:20","modified_gmt":"2020-04-21T16:53:20","slug":"centamin-keeps-guidance-declares-interim-dividend","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1179569","title":{"rendered":"Centamin keeps guidance, declares interim dividend"},"content":{"rendered":"<p>Centamin PLC (LSE: CEY; TSX: CEE) <a aria-label=\"reported a year-on-year rise (opens in a new tab)\" rel=\"noreferrer noopener\" href=\"https:\/\/www.centamin.com\/~\/media\/Files\/C\/Centamin\/documents\/press-releases\/2020\/CEY%20RNS_%201Q20%20Quarterly_FINAL_210420.pdf\" >reported a year-on-year rise<\/a> in quarterly production on Tuesday with 125,090 ounces of gold produced from its Sukari gold mine during Q1, in line with annual guidance.<\/p>\n<div class='d-flex justify-content-center d-xs-block d-sm-block d-md-none'>\n<div id='div-gpt-ad-1561499308230-0'><script>googletag.cmd.push(function() {googletag.display('div-gpt-ad-1561499308230-0');});<\/script><\/div>\n<\/div>\n<p>As a result, the gold miner has maintained its full year 2020 guidance of 510,000-540,000 ounces at an AISC of between $870-920\/oz, adding that operations have not been impacted by the covid-19 pandemic thus far. The company <a href=\"https:\/\/www.mining.com\/centamin-operations-in-egypt-unchanged-despite-covid-19\/\"  rel=\"noreferrer noopener\" aria-label=\"previously stated (opens in a new tab)\">previously stated<\/a> that it had stockpiled enough critical supplies to last until the end of June.<\/p>\n<p>Revenue for the quarter came in at $222.2 million, generated from 139,784 ounces in gold sales at an average realized price of $1,587\/oz.<\/p>\n<p>However, Centamin warned that the second quarter is scheduled to be a lower production period with an estimated output of 115,000 ounces, reflecting a reduction in underground output.<\/p>\n<p>The company said it will defer non-essential capital expenditure, including the Sukari solar plant, as a precautionary measure to protect the health of its workforce. This is in order to minimize contractors and other non-operating traffic on and off site, while restrictions related to covid-19 remain in place.<\/p>\n<p>Concurrent with Q1 results, Centamin&#8217;s board of directors has also declared a 2020 first interim dividend of six cents per share payable on May 15. <\/p>\n<p>The interim dividend would directly replace the previously proposed 2019 final dividend (six cents per share) to provide shareholders with certainty and to expedite the payment, the company said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The miner has maintainted its full year guidance of 510,000-540,000 oz following Q1 results.<\/p>\n","protected":false},"author":88,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[369,4],"tags":[],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1179569"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/88"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1179569"}],"version-history":[{"count":3,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1179569\/revisions"}],"predecessor-version":[{"id":1179655,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1179569\/revisions\/1179655"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1179569"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1179569"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1179569"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}