Centamin
Gold mining company
From Wikipedia, the free encyclopedia
Centamin is a gold mining and exploration company, whose main operating asset is the Sukari gold mine in Egypt. Centamin is wholly owned by AngloGold Ashanti plc.[2]
 | |
| Company type | Subsidiary acquired by AngloGold Ashanti plc on 22 November 2024 |
|---|---|
| Delisted from the LSE: CEY and TSX: CEE on 22 November 2024 | |
| Industry | Gold mining |
| Founded | 1970 |
| Products | Gold |
| Revenue |  US$891.3 million (2023)[1] |
| US$194.5 million (2023)[1] | |
| US$194.9 million (2023)[1] | |
| Website | www.anglogoldashanti.com |
History
Centamin was first listed on the then Australian Stock Exchange in 1970.[3] In 1999, it acquired Pharaoh Gold Mines, a company that had been exploring for gold in Egypt since 1995, and became "Centamin Egypt".[3] The company was granted a 160 square kilometre exploitation lease over the Sukari Gold Project in the eastern desert of Egypt in 2005. A listing was secured on the Toronto Stock Exchange in 2007 to raise funding for production,[3] with first gold poured in June 2009.[4] The Company moved to a full listing on the London Stock Exchange in November 2009, and was delisted from the Australian Stock Exchange in 2010.[5] In 2011, it redomiciled to Jersey and changed its name to Centamin plc.[6]
In November 2024, Centamin plc was acquired by AngloGold Ashanti plc and now forms part of AngloGold Ashanti’s diverse portfolio of global operations.[2][7]
Operations
The company operates the Sukari Gold Mine in the Eastern Desert of Egypt,[4] some 700 km from Cairo and 25 km from the Red Sea. First gold was poured at Sukari in June 2009 and commercial production began on 1 April 2010, making Sukari the first modern gold mine in Egypt, a country which in ancient times was a prolific producer of the precious metal.[8]