Centamin PLC (CEY)

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QUARTERLY REPORT.

MARTIN HORGAN, CEO, commented: " The third quarter results reflect continued strong delivery across the Group and we remain firmly on track to meet full year guidance. Several key milestones were achieved in the quarter, including a new record safety performance and commissioning of the Sukari solar plant which marked a material step in reducing our GHG emissions and cost base. In the quarter, Sukari produced its five millionth ounce of gold, and with visibility on at least the next five million ounces of production, it is a strong reminder of the exceptional quality of this asset."

HIGHLIGHTS

Milestones and records achieved

á New Group safety record: the Company recorded no Lost Time Injuries (ÒLTIÓ) in the third quarter (ÒQ3Ó) and Sukari has achieved a site record of greater than five million hours LTI free

á Gold production of 127,512 ounces (ÒozÓ), driven by planned higher grades from the open pit and underground, and bringing gold production for the nine months of the year (ÒYTDÓ) to 331,410 oz and on track for the middle of 2022 guidance

á Revenue of US$218.1 million (YTD: US$599.9m), generated from gold sales of 126,610 oz (YTD: 330.2koz) at an average realised gold price of US$1,720/oz sold

á Cash costs of US$811/oz produced (YTD: US$885/oz) and on track for lower end of 2022 guidance

á All-in sustaining costs (ÒAISCÓ) of US$1,289/oz sold (YTD: US$1,386/oz) and on track for upper end of 2022 guidance

á Sukari solar plant is delivering lower costs and reduced greenhouse gas (ÒGHGÓ) emissions: whilst in the final stages of commissioning, since September the solar plant has consistently delivered nameplate capacity, displacing up to 70,000 litres of diesel fuel per day (Link to announcement: Sukari Power Update )

á Capital projects progressing as scheduled: this includes the underground paste-fill plant, underground infrastructure and equipment upgrades, and plant optimisation, as part of the reinvestment programme in the long term optimisation of the mine

á Five millionth ounce milestone: in Q3, Sukari produced its five millionth ounce of gold, demonstrating the quality of the asset, which has 5.8 million ounces in Proven & Probable Reserves as at 30 June 2021 and identified growth upside potential

á Robust balance sheet: cash and liquid assets of US$153.6 million, as at 30 September 2022, and after US$29 million distributed in interim dividends.

https://www.investegate.co.uk/centamin- ... 00034625D/

Ian.

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Doropo Pre-Feasibility Study Update.

Increased resource confidence; exploration upside potential; processing optimisation identified

Centamin is pleased to provide an update on the pre-feasibility study ("PFS") at its Doropo project located in north-eastern Cote d'Ivoire, including an upgrade to Mineral Resources; details of potential operating and capital cost-saving opportunities within the processing flowsheet; and identified resource growth potential within the license area.

MARTIN HORGAN, CEO, COMMENTED: "The Doropo PFS workstreams are advancing well and delivering positive results. Following the completion of an extensive infill drilling programme through 2021 and 2022, we have now delivered the first mineral resource estimate constrained in pit shells, with 2.5Moz in the Indicated category eligible to be assessed for inclusion in the maiden reserves estimate. The Indicated Resource grade of 1.52g/t Au should support improved project economics given it exceeds the 1.25g/t Au average feed grade assumed in the 2021 PEA. In addition, the exploration team has successfully identified a number of targets for follow-up drilling that show potential to deliver further resource growth.

Furthermore as part of the PFS metallurgical test work programme, we have identified an opportunity to remove the flotation and regrind circuit that was outlined in the PEA, in favour of a whole of ore leach flowsheet. Given the potential to deliver significant capital and operating cost savings, we are undertaking further comparative test work ahead of publishing the outcome of the PFS which is now expected in H1 2023."

HIGHLIGHTS

Infill drilling adds 2.4Moz of Indicated Resources for a total of 2.52Moz at a grade of 1.52 grams per tonne of gold ("g/t Au"), constrained within US$2,000/oz pit shells.
Indicated Resources represent a 22% increase in gradeversus the 2021 preliminary economic assessment ("PEA") average grade of 1.25g/t Au.
Resource growth identified, extensions and regional exploration targets have been identified using both new data and reinterpreting old data.
The potential for significant capital and operating cost savingsare under investigation as part of the pre-feasibility study after encouraging initial metallurgical test work results indicate the opportunity to simplify the processing circuit.
·PFS completion is expected in H1 2023, to enable the inclusion of the results of the mineral processing and metallurgical test work upside opportunity.

https://www.investegate.co.uk/centamin- ... 00018212H/

Ian.

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GEOLOGICAL FOCUS DELIVERS FURTHER RESOURCE AND RESERVE GROWTH.

HIGHLIGHTS

· Delivered 1.3 million ounce ("Moz") increase in Sukari Gold Mine ("Sukari") Measured and Indicated Mineral Resources to 11.11Moz at 1.08 grams per tonne of gold ("g/t Au"), representing a 13% increase in ounces after twelve months of mining depletion and inclusive of Mineral Reserves.

· Delivered a 5% increase in Sukari Proven and Probable Mineral Reserves to 6.0Moz at 1.1g/t Au after twelve months of mining depletion. This included adding 0.8Moz of Mineral Reserves before mining depletion:

o 0.4Moz added within the open pit at an average grade of 1.0g/t Au, successfully replacing reserve depletion and extending the open pit life of mine to 14 years; and

o 0.4Moz added within the underground at an average grade of 3.9g/t Au, an 11% improvement in ounces, and further supports the plan to increase the underground mining rate to 1.5Mtpa.

· Identified multiple Sukari Mineral Resource and Reserve growth opportunities :

o 280,000 metres of drilling budgeted for 2023 focussing on open pit resource-to-reserve conversion at depth, underground exploration and delineation of known targets, and testing surface targets across the Sukari Concession.

· Updated Sukari life of mine plan to be announced in H1 2023 incorporating the fully engineered Sukari underground expansion plan.

· Group Measured and Indicated Mineral Resource base has increased by 13% to 13.6Moz in 2022, after Sukari mining depletion, upgrade to Doropo Mineral Resources and removal of the non-core asset Batie West in Burkina Faso.

https://www.investegate.co.uk/centamin- ... 00024384J/

Ian.

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2022 Final Dividend.

Centamin is pleased to announce the Board of Directors recommend the payment of a final dividend of 2.5 US cents per share, for the six months ended 31 December 2022.

2022 FINAL DIVIDEND

Consistent with the Company's stated commitment to shareholders, the Board proposes a final dividend of 2.5 US cents per share (US$29 million). This will bring the total dividend attributed to full year 2022 to 5 US cents per share (US$58 million). The final dividend will be subject to shareholder approval at the 2022 Annual General Meeting on 23 May 2023, which will be hosted in London.

Centamin maintains a robust financial position, with cash and liquid assets of US$157 million as at 31 December 2022, and excluding the US$150 million sustainability-linked revolving credit facility available as of 13 March 2023. The Company's disciplined approach to capital allocation, provides the flexibility to allocate capital to shareholders returns, business investment and growth, environmental and social opportunities.

Ex dividend 01 Jun 23, paid 23 Jun 23.

https://www.investegate.co.uk/centamin- ... 00061152T/

Ian (No holding).

[idpickering]

Payments to Government.

Centamin's mining operations, including exploration projects, generate economic benefit for the countries and communities where we operate through payments to government, employee and contractor wages, payments to suppliers and contractors, vocational training, community investment and academic investment. We care deeply about the communities and environments with which we operate. Fundamental to creating lasting stakeholder relationships is good governance, including reliable, transparent disclosure.

In accordance with the Payments to Governments Regulations of 2014 (the "Regulations"), this report provides an overview of the Centamin's payments to governments.Whilst the Regulations are a part of UK law, and the Company is governed by Jersey law, they are applicable by virtue of the Company's listing on the London Stock Exchange (pursuant to Disclosure and Transparency Rule 4.3A).

The Regulations require companies active in the extractive industries to report certain payments they have made to their host governments in the form of taxes, bonuses, royalties, fees and for infrastructure improvements. The Regulations implement Chapter 10 of the EU Accounting Directive. The Regulations are part of an EU ‑ wide effort to curb corruption and promote transparency in the extractives sector. Their stated objectives are to provide citizens of resource ‑ rich countries with the information they need to hold their governments to account; and to provide greater insight (for investors and all other stakeholders) into how the sector operates and the range of economic contributions that can result.

https://www.investegate.co.uk/centamin- ... 02011158T/

Ian.

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FULL YEAR 2022 RESULTS audited results for the twelve months ended 31 December 2022

FINANCIAL HIGHLIGHTS

· Revenue of US$788 million generated from sales of 438,638 oz at an average realised gold price of US$1,794/oz

· Adjusted EBITDA of US$319 million, at a 40% margin

· Profit before tax of US$171 million

· Basic earnings per share ("EPS") of 6.29 US cents per share

· US$43 million of gross cost-savings in 2022, for a cumulative US$116 million delivered of the US$150 million cost-saving target by 2023

· Capital structure review completed, establishing a capital allocation framework that balances growth and stakeholder returns

· Strong balance sheet with cash and liquid assets of US$157 million, as at 31 December 2022, excluding the US$150 million sustainability-linked revolving credit facility which was announced on 22 December 2022, and

· The Board has proposed a final dividend of 2.5 US cents per share, equating to US$29 million to be distributed to shareholders, subject to shareholder approval at the annual general meeting on 23 May 2023, bringing total distribution to shareholders for full year 2022 to US$58 million.

https://www.investegate.co.uk/centamin- ... 01021386T/

Ian.

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Quarterly Report.

MARTIN HORGAN, CEO, commented: "These results reflect a good start to the year, with the Sukari team delivering another consistent performance in line with our operational plan, as well as making great progress on our key capital projects. Our mining operations continue to benefit from both increased flexibility in the open pit, as a result of the accelerated waste-mining strategy and operational productivity gains, as well as improved productivity and performance from the underground mine, following the transition to owner mining in 2022.

We reiterate our 2023 guidance and look forward to reporting later in the year on several additional projects which will deliver growth and underpin returns. These include connecting Sukari to the grid which will reduce carbon emissions and save costs, publishing an optimised Sukari life of mine plan, commencing drill testing on our Egyptian Eastern Desert blocks and completing the PFS at our advanced Doropo Project in Côte d'Ivoire."

HIGHLIGHTS

Operational performance delivered in line with the mine plan

· The lost time injury frequency rate ("LTIFR") for the three months to 31 March 2023 ("Q1") was 0.31 per one million hours worked, reflecting one lost time injury. The total recordable injury frequency rate ("TRIFR") was 2.77 per one million hours worked

· Q1 gold production from the Sukari Gold Mine ("Sukari") was 105,875 ounces ("oz")

· Q1 revenue of US$205 million, an 18% increase from Q1 2022, generated from gold sales of 107,661 oz at an average realised gold price of US$1,902/oz sold

· Q1 cash costs of US$937/oz produced and all-in sustaining costs ("AISC") of US$1,348/oz sold

· Q1 capital expenditure of US$54 million including the final stages of the underground paste-fill plant construction ahead of commissioning in Q2, and

· Robust balance sheet with cash and liquid assets of US$155 million, as at 31 March 2023 and US$150 million undrawn revolving credit facility.

https://www.investegate.co.uk/centamin- ... 00038122W/

Ian.

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PUBLICATION OF 2022 SUSTAINABILITY REPORT.

Centamin announces the publication of its 2022 Sustainability Report. The report sets out how the Company manages and integrates sustainability across the business, including our performance and targets. Centamin is committed to meeting international standards of good practice across its sustainability priorities: governance, safety, health and wellbeing, energy and climate, materials stewardship, socio-economic partnership, people and transformation. The report highlights the Company's ongoing progress against these areas and the positive impact from its investment in Egypt.

This is Centamin's sixth annual sustainability report produced in accordance with the GRI Sustainability Reporting Standards ("GRI") 'Core option', the GRI Mining and Metals Sector Supplement, the requirements of the Sustainability Accounting Standards Board ("SASB") for the metals and mining industry and our second report to address the recommendations of the Taskforce on Climate-related Financial Disclosures ("TCFD").

The full report is available on the Company's website http://www.centamin.com/investors/results-reports/.

https://www.investegate.co.uk/centamin- ... 00062873X/

Ian.