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Centamin trading weakly even as profits soar

Gold miner's share price has fallen by half in six months over production issues, while strong gold prices have driven its cash profits up by half on 2019
Centamin trading weakly even as profits soar
  • Centamin announces 3¢ final 2020 dividend and plans to at least match it in 2021
  • Production down but profits up for 2020 on favourable pricing

Centamin (CEY) proved the benefits and shortcoming of buying gold miners over gold in 2020, handing shareholders back over $100m (£72m) but also trading at half the market capitalisation it had in September, when gold was at $2,000 (£1,443) an ounce (oz). 

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