Centamin Plc: Q1 2018 Results

Financial⁽¹⁾⁽²⁾

·        Revenue for the quarter was US$172.5 million, a 23% increase compared to Q1 2017 ("YoY") and a 9% decrease compared to Q4 2017 ("QoQ"). Gold sales were 131,045 ounces, a 14% increase YoY and a 15% decrease QoQ. Average realised gold price of US$1,328 per ounce up approximately 9% YoY and 7% QoQ; 

·       EBITDA⁽¹⁾ of US$91.0 million, a 71% increase YoY and 12% decrease QoQ;

·       Profit before tax of US$65.4 million, a 122% increase YoY and 20% decrease QoQ;

·        Basic earnings per share after profit share ("EPS") of 3.17 US cents, a 171% increase YoY and 17% decrease QoQ;

·        Operational cash flow of US$94.1 million, a 62% increase YoY and 19% decrease QoQ;

·        Free cash flow⁽¹⁾ of US$34.5 million, an 76% increase YoY and 26% decrease QoQ, after US$28.4 million paid to Egyptian Minerals Resources Authority ("EMRA"), our state partner;

·       Total capital expenditure of US$32.2 million, a 61% increase YoY and a 4% decrease QoQ, including US$7.0 million greenfield exploration and US$11.9 million of underground development and exploration; and

·        Cash and liquid assets⁽³⁾ of US$426.5 million at 31 March 2018, and the Company remains debt-free and unhedged.

Results Conference Call

The Company will host a conference call to discuss the results with investors and analysts at 08:30 BST today. Please find below the required dial-in details. The Results Presentation can be found on the Company website: www.centamin.com/investors/presentations/2018 ahead of the call.

Dial-in:                     +44 (0)203 428 1542

Toll Free:                 +44 (0)808 237 0040

Participant code:     99225764#

The conference call will be made available for replay by 12.00 BST on the website www.centamin.com/media/press-releases/2018/03-05-2018-conference.

To view full announcement please click on the following link: http://www.rns-pdf.londonstockexchange.com/rns/9536M_-2018-5-2.pdf

For further information, please visit the website www.centamin.com or contact:

This information is provided by RNS

The company news service from the London Stock Exchang

Source: Centamin Plc (TSX:CEE, LSE:CEY)