Central Asia Metals (CAML)

Sector:

Mining

Index:

FTSE AIM 50

197.60p
   
  • Change Today:
      2.80p
  • 52 Week High: 239.00
  • 52 Week Low: 152.80
  • Currency: UK Pounds
  • Shares Issued: 181.90m
  • Volume: 417,523
  • Market Cap: £359.44m

Central Asia Metals on track for full-year production guidance

By Josh White

Date: Monday 10 Oct 2022

LONDON (ShareCast) - (Sharecast News) - Central Asia Metals updated the market on its third quarter operations on Monday, reporting 4,067 tonnes of copper produced in the period at Kounrad.
The AIM-traded firm said that for the first nine months of 2022, 10,685 tonnes of copper was produced.

At Sasa, meanwhile, 5,746 tonnes of zinc in concentrate and 6,899 tonnes of lead in concentrate were products in the third quarter.

For the first nine months at Sasa, 16,211 tonnes of zinc in concentrate and 20,726 tonnes of lead in concentrate was produced.

Looking ahead, Central Asia Metals said it was on course to achieve its increased 2022 guidance for Kounrad's copper production of 13,500 to 14,000 tonnes.

It was also on track to meet Sasa's 2022 production guidance, for 20,000 to 22,000 tonnes of zinc in concentrate and 27,000 to 29,000 tonnes of lead in concentrate.

"I am pleased to report safe and strong production from both of our operations during the third quarter, with zero lost-time injuries," said chief executive officer Nigel Robinson.

"At Kounrad, we announced increased 2022 production guidance with our first half results, and we are on track to deliver this and meet our production targets at Sasa.

"Since recently announcing that we had received approval of the cut-and-fill project environmental and social impact assessment, we have now begun construction of the paste backfill plant."

Robinson said construction of that part of Sasa's cut-and-fill project remained on schedule to be completed in the first half of 2023.

"In August, we made our final repayment of the $187m debt which we secured to acquire Sasa less than five years ago.

"These repayments have been made while we remained consistently among the sector leading dividend payers, delivered value for all our stakeholders, and invested in our operations."

At 1140 BST, shares in Central Asia Metals were down 0.46% at 218.48p.

Reporting by Josh White at Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

CAML Market Data

Currency UK Pounds
Share Price 197.60p
Change Today 2.80p
% Change 1.44 %
52 Week High 239.00
52 Week Low 152.80
Volume 417,523
Shares Issued 181.90m
Market Cap £359.44m

CAML Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
33.29% above the market average33.29% above the market average33.29% above the market average33.29% above the market average33.29% above the market average
78.63% below the sector average78.63% below the sector average78.63% below the sector average78.63% below the sector average78.63% below the sector average
Price Trend
27.54% below the market average27.54% below the market average27.54% below the market average27.54% below the market average27.54% below the market average
42.66% above the sector average42.66% above the sector average42.66% above the sector average42.66% above the sector average42.66% above the sector average
Income
92.93% above the market average92.93% above the market average92.93% above the market average92.93% above the market average92.93% above the market average
56.52% above the sector average56.52% above the sector average56.52% above the sector average56.52% above the sector average56.52% above the sector average
Growth
72.91% below the market average72.91% below the market average72.91% below the market average72.91% below the market average72.91% below the market average
56.25% below the sector average56.25% below the sector average56.25% below the sector average56.25% below the sector average56.25% below the sector average

What The Brokers Say

Strong Buy 3
Buy 1
Neutral 3
Sell 0
Strong Sell 0
Total 7
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

CAML Dividends

  Latest Previous
  Final Interim
Ex-Div 25-Apr-24 28-Sep-23
Paid 22-May-24 20-Oct-23
Amount 9.00p 9.00p

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 131,192 @ 197.60p
16:35 159 @ 197.60p
16:35 351 @ 197.60p
16:35 314 @ 197.60p
16:35 352 @ 197.60p

CAML Key Personnel

CEO Nigel Robinson
CFO Gavin Ferrar

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