Investment Proposition

Investment Proposition

With a rapid growth profile and a robust yet flexible balance sheet, Centamin is uniquely positioned among mid-tier gold producers to generate value for shareholders.

We are focused on driving operational excellence and strong profitability in order to deliver on our targets.

Centamin achieved robust financial results in 2011. Production of over 202,000 ounces and a rising realised gold price delivered strong earnings.

Rapid Production Growth

Centamin is aiming to grow production from the Sukari Gold Mine to 500,000 ounces of gold per annum. We are investing US$287 millon in the Stage 4 Expansion Project to double the processing plant's capacity from 5 million tonnes per annum (Mtpa) to 10Mtpa, with commissioning of Stage 4 due to begin in Q1 2013.

Exploration Upside Potential

Centamin has a large resource and reserve base and through the continued exploration of Sukari hill and the 160km2 Sukari tenement area there is significant upside potential. In addition, we took our first strategic step into diversifying geographically with the acquisition of Sheba Exploration plc in Q3 2011, which has interests in 4 exploration licences in Ethiopia.  Exploration work will continue on these licences in 2012 to drive our growth into the longer term.

First Mover Advantage

Sukari is the only producing gold mine in Egypt. Our operating experience in Egypt gives us significant first-mover advantage in acquiring and developing other gold projects in the prospective Arabian-Nubian shield and beyond.

An Experienced Team

Centamin's management team and Board of Directors have considerable expertise in the gold mining industry. This ranges from the early stage identification of deposits, through to project financing, construction and development, and on to the operating of large mines. Some of the leadership team have been based at Sukari for almost a decade, taking it from an early stage exploration project to the operating gold mine it is today.

Financial Strength and Flexibility

With a robust balance sheet and strong cash flow generation from Sukari, we have financial flexibility to grow our business both organically as well as through strategic acquisitions in the Arabian-Nubian Shield and beyond. Centamin has no debt or hedging so is well positioned to benefit from the high gold price environment.