)

Centamin (CEY) investor relations material
Centamin Q3 2024 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Q3 2024 saw strong operational and financial performance at Sukari, with gold production up 30% YoY to 131,726 oz and sales at 149,659 oz, supported by robust gold prices and cost discipline.
Free cash flow for Q3 was $103 million, up 730% YoY and 20% sequentially.
The company reaffirmed its 2024 production and cost guidance, expecting Q3 production rates to be sustained for the rest of the year.
Progress continued on organic growth, including the Doropo project in Côte d'Ivoire and Eastern Desert Exploration drilling.
AngloGold announced a recommended firm offer to acquire Centamin, restricting some disclosures due to UK takeover code requirements.
Financial highlights
Revenue for Q3 was $369 million, up 84% YoY, driven by higher gold sales and prices.
Free cash flow was $103 million, up 30% YoY and 20% sequentially.
Cash and liquid assets at 30 September 2024 were $242 million, with total liquidity including undrawn RCF at $392 million.
Cash costs were $766/oz produced, down 13% YoY; AISC was just over $1,250/oz.
Capital expenditure for Q3 was $67 million, with YTD capex at $156 million.
Outlook and guidance
2024 gold production guidance remains 470,000–500,000 oz, tracking toward the mid-point.
All-in sustaining cost guidance held at $1,200–$1,350/oz.
CapEx guidance unchanged at $215 million, including $112 million sustaining and $103 million non-sustaining.
Cash cost guidance is $700–850/oz produced, expected toward the upper end due to waste-to-ore reclassification.
Q4 expected to continue Q3 momentum.
The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage