For thousands of other reports visit RSC's Mineral Intellingence Map

Centamin Plc

opaxe

Summary

Project:

ABC

Deposit:Kona
Location:Cote D'Ivoire
Commodities:Gold
Date:10/23/2019
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:23-10-2019: Centamin Plc announces an Exploration/Drilling Update report for its Kona deposit at the ABC project. Drilling results incl. 34m @ 2.3g/t Au from 218m. Andrew Pardey, CEO, commented: "This quarter was one of continuing transition. Further key
Resources:(not mentioned in this report)
CP/QP:[Overall Report]: n/a (n/a)
ABSTRACT:Andrew Pardey, CEO, commented: "This quarter was one of continuing transition. Further key staff changes were made at Sukari as we continue to strive for increased performance in key areas of the operation. The operational leadership team have commenced a comprehensive review, supported by external consultants, across all sections of the mine, including mining methodology and infrastructure. Centamin has a strong culture of cost-discipline and accountability which has resulted in significant free cash flow generation and commitment to shareholder returns. During the quarter we distributed an interim dividend of 4 US cents per share (US$46.4m) taking total shareholder dividends to in excess of US$500 million and we remain confident that we will generate significant cash flow and thus, an attractive dividend at the full year."

Full Report

opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.

Full Report