Centamin shares rose on Tuesday morning, when the group recorded strong performance and earnings gains in 2020.
Group revenues for the year increased 25% from $829 million to $658.1 million. Gold sales for the quarter fell 42% as the group mined material from the lower grades.
“We’re looking forward to seeing you in the future,” said Martin Horgan, CEO of Centamin.
Last year, Endeavor Mining ended its merger talks with the group.
“We remain confident about the strategic rationale for combining Endeavor and Centamine to create a diverse gold producer with a high-quality asset portfolio,” says Endeavor CEO. said Sebastien de Montessus.
“The quality of information received during the accelerated due diligence process was insufficient to ensure that the company’s offer process was in the best interests of shareholders’ efforts.”
Centamin shares are trading +3.07% at 119,76 (0958GMT). Since the start of the year, stocks have fallen from a high of 233,30.
