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Centamin profit soars on strong gold prices during pandemic

22nd March 2021

By: Reuters

  

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Centamin's annual pretax profit nearly doubled as gold prices surged during the Covid-19 crisis, prompting the miner to declare a 2020 dividend and promise at least $105-million in payouts for the current year.

Centamin, which operates the Sukari Gold Mine in Egypt, said profit before tax jumped to $315-million for the 12 months ended December 31, from $173-million reported a year earlier, and proposed a final dividend of 3 cents per share.

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Edited by Reuters

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