General presentation of Centamin
At present, and still with the objective of assisting you in anticipating the future movements of the Centamin share price, we offer you the opportunity to learn more about this company. This will enable you to better understand its profit sources and how these may react in the future.
The Centamin Plc Group is a British company that exercises its activities in the precious metals sector. More specifically, Centamin is an exploration, development and mining company. It is therefore specialised in the discovery and production of precious metals.
This company exercises its activities in Australia, Jersey, Egypt, Burkina Faso and the Ivory Coast. Among the assets owned by this group we particularly note the Sukari gold mine which is situated in the eastern desert 900km from Cairo and 25km from the Red Sea. This mine is jointly held by Pharaoh Gold Mines NL, or PMG, and the Egyptian Mineral Resource Authority, or EMRA, and holds a minerals permit for the gold mining zone which is nearly 100km long in Burkina Faso. The group also owns a collection of buildings on an area of 2,200 square kilometres in the south of Burkina Faso, close to the border with the Ivory Coast.
The Centamin Group also owns seven mines on the Ivory Coast with an area of over 2,330 square kilometres. Six of their mines are related to the Doropo project which is situated on the other side of the Batie West border in Burkina Faso and the other is situated to the east of the country.
Concerning the various activities of the Centamin Group we note that gold production represents the major source of the company’s turnover by far with 99.8%, only 0.2% of Centamin’s turnover is from silver.
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