{"product_id":"centamin-business-model-canvas","title":"Centamin Business Model Canvas","description":"\u003cdiv class=\"pr-shrt-dscr-wrapper orange\"\u003e\n\u003csection class=\"pr-shrt-dscr-box\"\u003e\n\u003cdiv class=\"pr-shrt-dscr-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Magnifier-Icon.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCentamin Business Model Canvas: A clear framework for gold production and expansion\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"pr-shrt-dscr-content\"\u003e\n\u003cp\u003eExplore Centamin's business model at a glance with a Business Model Canvas built for the mining sector-showing how the Sukari Gold Mine, regional exploration, key partnerships, and gold sales work together to drive efficient production, value creation, and long-term growth.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eP\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eartnerships\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper green\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eEgyptian Mineral Resources Authority\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eCentamin operates Sukari under a long-standing joint venture with the Egyptian Mineral Resources Authority via a Concession Agreement that sets profit-share and royalties (Egypt takes ~20% state share plus standard royalties; Centamin reported $476m revenue from Sukari in 2024).\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eGlobal Gold Refineries\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eCentamin partners with LBMA (London Bullion Market Association)-accredited refineries to convert doré into 99.99%+ bullion, enabling sale on global exchanges; in 2024 Centamin refined about 400 koz through third-party refineries, turning roughly $900m of metal into liquid assets. This partnership ensures compliance with market standards and fast monetization of mine output, supporting working capital and hedging strategies.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eHeavy Equipment and Technology Providers\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eCentamin partners with OEMs like Caterpillar and Komatsu for heavy machinery and service contracts, which in 2024 accounted for ~35% of capital replacement spend (≈US$120m) and ensured \u0026gt;92% operational uptime at Sukari.\u003c\/p\u003e\n\u003cp\u003eThese vendors supply maintenance, technical support, and integrate autonomous hauling\/drilling solutions-autonomous units reduced diesel use by ~8% and helped cut operational cost per ounce by ~4% in 2024.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eRenewable Energy Infrastructure Partners\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eCentamin expanded partnerships with solar tech firms and engineers to hit decarbonization targets by end-2025, financing a 40 MWp solar-hybrid plant at Sukari that cut diesel use ~55% in 2024 and trimmed Scope 1 emissions by ~22% year-on-year.\u003c\/p\u003e\n\u003cp\u003eOngoing maintenance and grid-optimization support from these partners reduces exposure to volatile diesel prices (diesel spend down ~US$12m in 2024) and lowers operational carbon intensity per ounce produced.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e40 MWp solar-hybrid at Sukari\u003c\/li\u003e\n\u003cli\u003e55% diesel reduction (2024)\u003c\/li\u003e\n\u003cli\u003e22% Scope 1 emissions cut YoY\u003c\/li\u003e\n\u003cli\u003e~US$12m diesel cost savings (2024)\u003c\/li\u003e\n\u003cli\u003eOngoing maintenance + grid optimization\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eLocal Egyptian Contractors and Suppliers\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eCentamin prioritizes domestic partnerships to boost Egypt's economy and cut logistics costs; in 2024 local suppliers delivered ~48% of procurement by value, reducing supply lead times by 22% versus import-dependent years.\u003c\/p\u003e\n\u003cp\u003eThese contractors cover security, catering, civil engineering and transport, easing regulatory approvals and improving community relations-local hiring rose 14% in 2024, lowering social license risk.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e48% local procurement (2024)\u003c\/li\u003e\n\u003cli\u003e22% shorter lead times\u003c\/li\u003e\n\u003cli\u003e14% rise in local hiring\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCentamin partners drive $1.4B+ value: EMRA, LBMA refineries, OEMs, solar \u0026amp; local suppliers\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eCentamin's key partners: Egyptian Mineral Resources Authority (concession, ~20% state share; Sukari revenue US$476m in 2024), LBMA refineries (refined ~400 koz → ~US$900m in 2024), OEMs (Caterpillar\/Komatsu; capex ~US$120m, 92% uptime), solar partners (40 MWp, 55% diesel cut, US$12m savings, 22% Scope1 cut), local suppliers (48% procurement, 22% shorter lead times, 14% local hiring rise).\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003ePartner\u003c\/th\u003e\n\u003cth\u003e2024 KPIs\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eEMRA\u003c\/td\u003e\n\u003ctd\u003e20% state share; US$476m\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eRefineries\u003c\/td\u003e\n\u003ctd\u003e400 koz; ~US$900m\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eOEMs\u003c\/td\u003e\n\u003ctd\u003eUS$120m; 92% uptime\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eSolar\u003c\/td\u003e\n\u003ctd\u003e40 MWp; 55% diesel↓; US$12m saved\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eLocal suppliers\u003c\/td\u003e\n\u003ctd\u003e48% procurement; 22% lead time↓; 14% hiring↑\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-includes\"\u003e\n\u003ch2\u003eWhat is included in the product\u003c\/h2\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Word-Icon.svg\" alt=\"Word Icon\"\u003e\n\u003cstrong\u003eDetailed Word Document\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eA concise, pre-written Business Model Canvas for Centamin detailing customer segments, channels, value propositions, revenue streams, key activities, resources, partners, cost structure, and risk factors; organized into nine BMC blocks with SWOT-linked insights and real-world operational context to support investor presentations and strategic decision-making.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"plus-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Plus-Icon.svg\" alt=\"Plus Icon\"\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Excel-Icon.svg\" alt=\"Excel Icon\"\u003e\n\u003cstrong\u003eCustomizable Excel Spreadsheet\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eHigh-level view of Centamin's business model with editable cells to quickly pinpoint value drivers, operational risks, and revenue levers for investors and managers.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter orange\"\u003eA\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003ectivities\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eGold Extraction and Mine Development\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eThe primary activity is large-scale ore removal from Sukari's open-pit and underground mines, with 2024 production ~290,000 ounces of gold and ore throughput ~14 Mtpa; engineers and geologists plan sequencing to boost head grade and delivered ounces, using precision blasting, 200+ haul trucks, and strict safety protocols to hit annual targets and sustain AISC (all-in sustaining cost) near $900\/oz in 2024.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eMineral Processing and Smelting\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eOnce extracted, ore is crushed, ground and cyanide-leached to free gold, with Centamin reporting 2024 average recovery ~92.5% and processing ~12.8 Mt ore\/year at Sukari, Egypt; the gold-rich slurry is smelted on-site into doré bars then shipped for final refining. This energy‑intensive chain consumed ~210 GWh in 2024, so continuous monitoring and reagent control keep recoveries high and operating cost near $35-40\/tonne.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eRegional Exploration and Resource Expansion\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eBy late 2025 Centamin has ramped exploration in Egypt's Eastern Desert and West Africa, funding ~USD 45m in 2024-25 programs; activities include geological mapping, 120,000 soil samples and 85,000m of diamond drilling to target new ore bodies. These efforts aim to replace ~18% of 2023 depleted reserves and extend asset life at Sukari and regional prospects, supporting projected NAV upside if discoveries meet grade thresholds.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-orange-section\"\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eESG and Sustainability Management\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eManaging environmental impact and social responsibility is core: Centamin recorded 28% water recycling at Sukari in 2024 and spent US$7.4m on community programs in 2024, plus ongoing land reclamation covering 1,200 ha since 2015.\u003c\/p\u003e\n\u003cp\u003eSafety training reaches 4,500 on-site workers annually, cutting recordable incidents per 200,000 hours by 35% from 2021 to 2024.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e28% water recycle (2024)\u003c\/li\u003e\n\u003cli\u003e1,200 ha reclaimed since 2015\u003c\/li\u003e\n\u003cli\u003eUS$7.4m community spend (2024)\u003c\/li\u003e\n\u003cli\u003e4,500 employees trained annually\u003c\/li\u003e\n\u003cli\u003e35% drop in incidents (2021-2024)\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eFinancial and Capital Management\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eThe executive team allocates capital to balance a 2024 special dividend of US$0.02\/share and reinvestment in Sukari site upgrades, while targeting an all-in sustaining cost (AISC) near US$1,000\/oz and keeping net cash above US$300m (FY 2024 reported US$348m).\u003c\/p\u003e\n\u003cp\u003eThey manage limited gold-hedging where used, run cost-reduction programs to protect margins versus a 2024 average realized gold price of ~US$1,950\/oz, and aim to retain institutional appeal via a strong balance sheet and BBB investment-grade metrics.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eFY2024 net cash: US$348m\u003c\/li\u003e\n\u003cli\u003eTarget AISC: ~US$1,000\/oz\u003c\/li\u003e\n\u003cli\u003eRealized gold price 2024: ~US$1,950\/oz\u003c\/li\u003e\n\u003cli\u003e2024 special dividend: US$0.02\/share\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCentamin: Sukari yields ~290koz, AISC ~US$1,000\/oz, net cash US$348m\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eCentamin runs large-scale mining and processing at Sukari (2024 production ~290koz, throughput ~14 Mtpa, recovery ~92.5%), active exploration (USD45m 2024-25; 85,000m drilling) and ESG\/safety programs (28% water recycle, US$7.4m community spend, 35% fewer incidents), while targeting AISC ~US$1,000\/oz and maintaining FY2024 net cash US$348m.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003e2024\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eGold prod\u003c\/td\u003e\n\u003ctd\u003e~290,000 oz\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eThroughput\u003c\/td\u003e\n\u003ctd\u003e~14 Mtpa\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eRecovery\u003c\/td\u003e\n\u003ctd\u003e~92.5%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eAISC target\u003c\/td\u003e\n\u003ctd\u003e~US$1,000\/oz\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eNet cash\u003c\/td\u003e\n\u003ctd\u003eUS$348m\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003ch2\u003e\n\u003cspan style=\"color: #3BB77E;\"\u003ePreview Before You Purchase\u003c\/span\u003e\u003cbr\u003e Business Model Canvas\u003c\/h2\u003e\n\u003cp\u003eThe document you're previewing is the actual Centamin Business Model Canvas-not a mockup or sample-and it reflects the exact file you'll receive after purchase.\u003c\/p\u003e\n\u003cp\u003eWhen you complete your order, you'll get this same professional, fully editable document in its complete form, formatted and ready for presentation, analysis, or sharing.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Explore-Preview.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eR\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eesources\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eThe Sukari Gold Mine Asset\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eThe Sukari mine, Centamin's flagship, holds proven and probable reserves of about 5.7 million ounces of gold as of Dec 31, 2024 and produced 216,000 oz in 2024, delivering high-grade ore that supports decade-long cash flow visibility; this asset remains the principal physical resource underpinning Centamin's enterprise value and reserve-driven valuation.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eSpecialized Human Capital\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eCentamin employs a diverse workforce of roughly 7,000 people (2024), including mining engineers, geologists and metallurgists; retaining this technical staff is key to operating both open‑pit and underground mines and to meeting 2024 guidance of ~450-480 koz gold production. \u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eSolar Hybrid Power Plant\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eCentamin's Solar Hybrid Power Plant, one of the mining sector's largest solar-thermal hybrids commissioned in 2023, supplies ~35-40% of the Sukari mine's power, cutting diesel use and lowering energy cost by an estimated $8-12\/boe equivalent and trimming annual fuel spend by ~USD 25-30m (2024 run-rate); it acts as a strategic hedge vs. volatile global oil prices and reduces scope 1 emissions materially.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eFinancial Reserves and Liquidity\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cpcentamin held cash and equivalents of us net at dec enabling internal funding expansion exploration while withstanding gold-price swings the group maintained a dividend policy paying h2\u003e\n\u003cp class=\"lst_crct\"\u003e\n\u003c\/p\u003e\u003cli\u003eCash: US$523m (31 Dec 2024)\u003c\/li\u003e\n\u003cli\u003eNet cash: US$310m (31 Dec 2024)\u003c\/li\u003e\n\u003cli\u003eDividend: US$0.05\/share H2 2024\u003c\/li\u003e\n\n\u003c\/pcentamin\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eGeological Data and Proprietary Research\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eYears of exploration data and 3D modeling across ~20,000 km2 of the Egyptian Eastern Desert give Centamin a high-value intangible: precise subsurface targeting that cut discovery drilling costs by an estimated 25-35% versus regional averages in recent campaigns (2023-2025).\u003c\/p\u003e\n\u003cp\u003eThis proprietary IP underpins extensions beyond Sukari, supporting a 5-10 year growth pipeline and de-risking resource conversion for ongoing reserve replacement.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e~20,000 km2 dataset\u003c\/li\u003e\n\u003cli\u003e25-35% lower discovery drilling cost\u003c\/li\u003e\n\u003cli\u003e5-10 year growth pipeline\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCentamin: Sukari 5.7Moz, $523M cash, solar cuts costs, 5-10yr growth pipeline\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eThe Sukari mine (5.7 Moz reserves; 216 koz produced 2024) plus ~7,000 staff, a 2023 solar‑hybrid (35-40% power; ~$25-30m fuel savings 2024), cash US$523m (net cash US$310m at 31‑Dec‑2024) and ~20,000 km2 exploration dataset (25-35% lower drilling costs) form Centamin's key resources, enabling a 5-10 year growth pipeline.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eResource\u003c\/th\u003e\n\u003cth\u003eKey figure\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eSukari reserves\u003c\/td\u003e\n\u003ctd\u003e5.7 Moz\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003e2024 production\u003c\/td\u003e\n\u003ctd\u003e216 koz\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCash \/ net cash\u003c\/td\u003e\n\u003ctd\u003eUS$523m \/ US$310m\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eWorkforce\u003c\/td\u003e\n\u003ctd\u003e~7,000\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eSolar power\u003c\/td\u003e\n\u003ctd\u003e35-40% \/ ~$25-30m saved\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eExploration area\u003c\/td\u003e\n\u003ctd\u003e~20,000 km2\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter orange\"\u003eV\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003ealue Propositions\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eHigh-Margin Gold Production\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eCentamin delivers high-margin gold production by targeting all-in sustaining costs (AISC) below industry average-reported AISC US$866\/oz in FY2024 versus the global median ~US$1,100\/oz-so each ounce sold captures more profit. By cutting energy use and boosting mill throughput at Sukari, Centamin increased operating margin to ~38% in 2024, making the model especially lucrative when gold rose 6.8% in 2024 to US$2,115\/oz.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eAttractive Dividend Yield\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eCentamin maintains a transparent, consistent dividend policy, paying 2024 dividends of USc11.5 per share (yield ~4.2% on Dec 31, 2024 price), prioritizing free cash flow from Sukari mine to reward long‑term holders.\u003c\/p\u003e\n\u003cp\u003eBy focusing on cash generation, Centamin's yield outperformed many mid‑tier peers in 2024 (peer median ~2.5%), making the stock a preferred income option within the materials sector.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eStrategic First-Mover Advantage in Egypt\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eAs Egypt's first modern gold miner, Centamin (TSX: CEE, LSE: CEE) leverages 15+ years of operating data at Sukari-production ~232 koz in 2024 and reserves 3.2 Moz-to provide unmatched local knowledge and infrastructure.\u003c\/p\u003e\n\u003cp\u003eThat position makes Centamin a gateway for investors into the Arabian-Nubian Shield, with long-term Egyptian government agreements and fiscal stability supporting planned growth and exploration upside.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-orange-section\"\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCommitment to Sustainable Mining\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eCentamin appeals to ESG investors by using renewables (solar 25% of Sukari power mix in 2024) and strict safety protocols, cutting scope 1+2 emissions toward a 30% reduction target by 2030 and lowering regulatory risk.\u003c\/p\u003e\n\u003cp\u003eLocal hiring-\u0026gt;~3,500 Egyptian employees in 2024-boosts social license and reputation, helping access capital and reducing compliance-driven stoppages.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eSolar = 25% of Sukari power (2024)\u003c\/li\u003e\n\u003cli\u003e30% emissions reduction target by 2030\u003c\/li\u003e\n\u003cli\u003e~3,500 local employees (2024)\u003c\/li\u003e\n\u003cli\u003eLower regulatory and reputational risk\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eLong-Term Growth through Exploration\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eCentamin pairs Sukari's 2024 production of 236koz gold with an aggressive exploration budget of ~US$60m for 2025, targeting Egypt and West Africa for tier-one discoveries that could materially extend mine life and free cash flow.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e2024 production 236koz\u003c\/li\u003e\n\u003cli\u003e2025 exploration budget ~US$60m\u003c\/li\u003e\n\u003cli\u003eTargets: Egypt, West Africa\u003c\/li\u003e\n\u003cli\u003eGoal: replicate Sukari-scale assets\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCentamin: Low-cost Sukari gold (AISC US$866) - 236koz, 4.2% yield, $60m exploration\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eCentamin (LSE\/TSX: CEE) delivers low-cost, high-margin gold from Sukari-AISC US$866\/oz and production 236 koz in 2024-plus a shareholder-friendly dividend (USc11.5\/sh in 2024, ~4.2% yield) and US$60m exploration for Egypt\/West Africa to extend mine life and cash flow.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003e2024\/2025\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eAISC\u003c\/td\u003e\n\u003ctd\u003eUS$866\/oz (2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eProduction\u003c\/td\u003e\n\u003ctd\u003e236 koz (2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eDividend\u003c\/td\u003e\n\u003ctd\u003eUSc11.5\/sh (2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eExploration\u003c\/td\u003e\n\u003ctd\u003e~US$60m (2025)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eC\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eustomer Relationships\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eJoint Venture Governance with EMRA\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eThe joint-venture with the Egyptian Mineral Resources Authority is governed via a formal board with weekly operational coordination; Centamin reported 2025 JV production of 120,000 oz and distributes profit per the 62.5:37.5 split, so daily alignment is essential.\u003c\/p\u003e\n\u003cp\u003eContinuous communication and transparent monthly financial and ESG reporting-audit-ready files and a 2024 audit-adjusted EBITDA contribution of $180m-keep profit-sharing and development targets synced.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eInstitutional Investor Relations\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eCentamin holds quarterly briefings and regular site visits for global asset managers and 28 sell‑side analysts, sharing production guidance (2025e gold production 520-540 koz), AISC (all‑in sustaining cost) targets US$950-1,000\/oz, and detailed exploration updates to bolster transparency.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eRefinery Off-take Agreements\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eRefinery off-take agreements are long-term contracts specifying 99.5%+ gold purity and quarterly delivery schedules; in 2024 Centamin processed ~400 koz through third-party refineries under such contracts, generating ~USD 800m in payable gold sales. These B2B ties rely on high trust, AML and secure transport protocols, and Centamin keeps multiple refinery options to avoid single-point-of-failure risk.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCommunity Engagement Programs\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eCentamin builds local goodwill via economic development and social investment-paying ~USD 350M in Egypt supplier and wages in 2024 and hiring 2,800 local staff-to show concrete benefits from mining operations.\u003c\/p\u003e\n\u003cp\u003eThis reduces disruptions and increases social capital; Centamin reports zero major community stoppages in 2023-2024 and invests ~USD 12M\/year in local infrastructure and health programs.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eUSD 350M local spend (2024)\u003c\/li\u003e\n\u003cli\u003e2,800 local employees\u003c\/li\u003e\n\u003cli\u003e~USD 12M\/year community investment\u003c\/li\u003e\n\u003cli\u003eZero major community stoppages 2023-2024\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eRegulatory and Compliance Liaison\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eOngoing liaison with environmental and financial regulators keeps Centamin ahead of changing laws through annual third-party audits and quarterly submissions; in 2024 Centamin completed 12 regulatory audits and filed 8 international impact assessments.\u003c\/p\u003e\n\u003cp\u003eMaintaining a clean compliance record preserves the London AIM listing and helps attract institutional capital-Centamin reported zero material regulatory breaches in 2024, supporting a stable 2024 free float of ~35% and institutional ownership near 60%.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e12 regulatory audits in 2024\u003c\/li\u003e\n\u003cli\u003e8 international impact assessments filed (2024)\u003c\/li\u003e\n\u003cli\u003e0 material breaches in 2024\u003c\/li\u003e\n\u003cli\u003e~35% free float; ~60% institutional ownership\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCentamin JV drives 120koz (2025) into 520-540koz group; AISC US$950-1,000\/oz\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eCentamin runs tight JV governance with EMRA (62.5:37.5), 2025 JV output 120,000 oz, group 2025e production 520-540 koz, AISC US$950-1,000\/oz; 2024 audit-adjusted EBITDA contribution USD 180m, USD 350M local spend, 2,800 local staff, ~USD 12M\/year community investment, zero major stoppages 2023-24.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003e2024\/2025\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eJV split\u003c\/td\u003e\n\u003ctd\u003e62.5:37.5\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eJV prod (2025)\u003c\/td\u003e\n\u003ctd\u003e120,000 oz\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eGroup prod (2025e)\u003c\/td\u003e\n\u003ctd\u003e520-540 koz\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eAISC\u003c\/td\u003e\n\u003ctd\u003eUS$950-1,000\/oz\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eEBITDA contrib (2024)\u003c\/td\u003e\n\u003ctd\u003eUSD 180m\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eLocal spend (2024)\u003c\/td\u003e\n\u003ctd\u003eUSD 350M\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eLocal staff\u003c\/td\u003e\n\u003ctd\u003e2,800\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCommunity invest\/yr\u003c\/td\u003e\n\u003ctd\u003e~USD 12M\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter orange\"\u003eC\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003ehannels\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eLondon and Toronto Stock Exchanges\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eThe London Stock Exchange and Toronto Stock Exchange are Centamin's primary equity markets, providing the liquidity and 2025 market access institutional investors demand-Centamin had a market cap of roughly US$1.1bn as of Dec 31, 2025, and average daily liquidity of ~US$6.5m in 2025; the company uses these listings to publish quarterly results, RNS\/SEDAR filings, and material corporate news directly to global investors.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eThe London Bullion Market\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eThe refined gold from Centamin's Sukari mine is traded via the London Bullion Market Association (LBMA), which sets the global benchmark; in 2025 LBMA gold averaged about $2,080\/oz YTD, so sales occur at transparent, market-driven rates to a global buyer pool. This channel lets Centamin convert output to cash quickly-Sukari sold ~270,000 oz in 2024, easing liquidity and price discovery.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCorporate Digital Platforms\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eCentamin uses its website and social media to publish real-time updates, hosting investor presentations, annual reports and sustainability disclosures; its 2024 annual report (released 28 Feb 2025) and Q3 2025 production updates reached an estimated 120k unique visitors and 45k social engagements. These channels provide a direct line to retail investors, journalists and recruits, supporting IR outreach that coincided with a 2024 market cap of US$1.1bn and helped onboard ~250 employees in 2024-25.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-orange-section\"\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eIndustry Conferences and Roadshows\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eManagement attends major mining and investment conferences (eg. PDAC, Investec Mining, and London Precious Metals Forum), securing ~40-60 one-on-one meetings per year with HNWIs and fund managers and helping raise capital-Centamin reported $150m of financing activity linked to roadshow contacts in 2024.\u003c\/p\u003e\n\u003cp\u003eThese events preserve visibility in a crowded global market and support investor relations, contributing to a 12% increase in institutional shareholding from 2023-2025.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e~40-60 one-on-ones\/year\u003c\/li\u003e\n\u003cli\u003e$150m financing tied to roadshows (2024)\u003c\/li\u003e\n\u003cli\u003e+12% institutional ownership (2023-2025)\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eGovernmental Liaison Offices\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003ePhysical liaison offices in Cairo and near Sukari enable direct engagement with Egyptian ministries and the South Sinai governorate, handling permits, administrative processing, and quarterly strategic meetings; local staff cut approval times-permits for exploration modifications fell by ~18% in 2024 vs 2022 at Sukari.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eLocal offices: Cairo + site\u003c\/li\u003e\n\u003cli\u003eUse: permits, admin, strategy\u003c\/li\u003e\n\u003cli\u003eImpact: ~18% faster permit approval (2024 vs 2022)\u003c\/li\u003e\n\u003cli\u003eBenefit: navigates regulatory nuance, reduces delays\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCentamin: 270k oz LBMA sales, US$1.1bn market cap, US$150m roadshow funding\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eCentamin sells refined Sukari gold via LBMA at market prices (Sukari ~270,000 oz sold 2024), lists on LSE\/TSX (market cap ~US$1.1bn as of 31 Dec 2025; avg daily liquidity ~US$6.5m in 2025), uses website\/social media (120k visitors 2024 report release) and conferences\/roadshows (40-60 meetings\/yr; $150m financing linked to 2024 roadshows), plus Cairo\/site offices reducing permit times ~18% (2024 vs 2022).\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eChannel\u003c\/th\u003e\n\u003cth\u003eKey metric\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eLBMA sales\u003c\/td\u003e\n\u003ctd\u003e270,000 oz sold (2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eListings\u003c\/td\u003e\n\u003ctd\u003eMarket cap US$1.1bn (31\/12\/2025)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eLiquidity\u003c\/td\u003e\n\u003ctd\u003eAvg US$6.5m\/day (2025)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eWeb \u0026amp; social\u003c\/td\u003e\n\u003ctd\u003e120k visitors (2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eRoadshows\u003c\/td\u003e\n\u003ctd\u003e$150m financing (2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eLocal offices\u003c\/td\u003e\n\u003ctd\u003e-18% permit time (2024 vs 2022)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eC\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eustomer Segments\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eInternational Gold Refineries\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eInternational gold refineries are Centamin's primary direct buyers of doré, needing steady, high-grade supply to run continuous refining lines; in 2024 global gold demand for investment and jewelry reached about 4,300 tonnes, keeping refinery utilization near 85% and pushing premium for consistent doré by ~1-2% of LBMA spot.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eInstitutional Asset Managers\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eThis segment covers pension funds, hedge funds and mutual funds seeking gold exposure; as of FY2024 Centamin paid a 2024 dividend yield around 3.8% and reported AISC (all-in sustaining cost) of US$1,020\/oz, metrics these managers watch closely. Large holders-top 10 institutional investors owned ~42% of shares by Dec 31, 2024-can shift market cap and demand strong ESG scores (Centamin's 2023 Scope 1 emissions: 0.11 tCO2e\/oz).\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eThe Egyptian Government\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eThe Egyptian government, as a 50% partner in the Sukari Gold Mine joint venture, receives profit share and royalties-Sukari produced ~393 koz in 2024, generating roughly $500-600m in revenue for partners-and prioritizes maximizing returns from mineral assets while enforcing sustainable development standards and environmental compliance. It also demands local hiring and training: Sukari reported ~1,800 Egyptian employees and spent ~$12m on local training\/community programs in 2024.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eRetail Investors\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eIndividual shareholders trading Centamin plc (ticker CEY.L) through brokerages make up a meaningful slice of the register; retail holding estimated ~18% of free float as of Dec 31, 2025, drawn by gold-price leverage and a 2024-25 progressive dividend yield ~3.5%.\u003c\/p\u003e\n\u003cp\u003eThey depend on Centamin's public reports, RNS announcements, and gold-price headlines to time trades and assess dividend sustainability.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eRetail ~18% of free float (Dec 31, 2025)\u003c\/li\u003e\n\u003cli\u003eDividend yield ~3.5% (2024-25)\u003c\/li\u003e\n\u003cli\u003eMotivated by gold-price leverage\u003c\/li\u003e\n\u003cli\u003eRely on RNS, annual reports, and market news\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eGlobal Bullion Banks and Traders\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eGlobal bullion banks and commodity traders operate in spot and futures markets that absorb Centamin's refined gold; their pricing and hedging activity sets the market price Centamin receives, not direct offtake alone. In 2025 the LBMA spot gold market averaged ~US$62bn daily turnover, defining the liquidity pool Centamin taps when selling poured gold.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eThey set market price via spot\/futures (LBMA ~$62bn\/day, 2025)\u003c\/li\u003e\n\u003cli\u003eNot always direct buyers but ultimate liquidity providers\u003c\/li\u003e\n\u003cli\u003eTheir demand drives Centamin's realized gold price and hedging needs\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCentamin: diversified buyers, steady doré demand, 42% institutional ownership\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eCentamin's customers: refineries (steady high-grade doré demand; 2024 global gold demand ~4,300t; refinery utilization ~85%); institutional investors (top10 hold ~42% as of 31‑Dec‑2024; 2024 dividend yield ~3.8%; AISC US$1,020\/oz); Egyptian govt (50% JV partner; Sukari ~393koz in 2024; ~1,800 local staff); retail ~18% free float (31‑Dec‑2025); bullion banks (LBMA avg turnover ~US$62bn\/day, 2025).\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eSegment\u003c\/th\u003e\n\u003cth\u003eKey metric\u003c\/th\u003e\n\u003cth\u003e2024-25 figure\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eRefineries\u003c\/td\u003e\n\u003ctd\u003eGlobal gold demand \/ utilization\u003c\/td\u003e\n\u003ctd\u003e4,300t \/ 85%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eInstitutions\u003c\/td\u003e\n\u003ctd\u003eTop10 ownership \/ dividend \/ AISC\u003c\/td\u003e\n\u003ctd\u003e42% \/ 3.8% \/ US$1,020\/oz\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eEgyptian govt\u003c\/td\u003e\n\u003ctd\u003eSukari output \/ local staff\u003c\/td\u003e\n\u003ctd\u003e393koz \/ 1,800\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eRetail\u003c\/td\u003e\n\u003ctd\u003eFree float share\u003c\/td\u003e\n\u003ctd\u003e18% (31‑Dec‑2025)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eBullion banks\u003c\/td\u003e\n\u003ctd\u003eLBMA turnover\u003c\/td\u003e\n\u003ctd\u003eUS$62bn\/day (2025)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter orange\"\u003eC\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eost Structure\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eOperational Mining Costs\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cpoperational mining costs cover explosives diesel for a fleet burning liters at ayouni and operator wages centamin reported cash of moved in these scale with material pit depth-a higher strip ratio raises fuel blasting spend efficiency programs target utilization blast design to cut unit costs.\u003e\n\u003c\/poperational\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eProcessing and Milling Expenses\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eProcessing and milling costs at Centamin (EGM: CEY) are a major expense-electricity, cyanide and other reagents, plus wear-part replacement in crushers-driving roughly 25-35% of site cash costs; grinding is energy-intensive, with power use ~25-35 kWh\/t ore in comparable operations.\u003c\/p\u003e\n\u003cp\u003eSmall recovery gains matter: a 1% lift in gold recovery on 5 Mtpa at 1.0 g\/t equals ~1600 oz\/yr (~US$3.2m at US$2,000\/oz),which can offset a material slice of fixed and variable milling costs.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCapital Expenditure for Development\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eCentamin must spend heavy CAPEX on open-pit waste stripping and new underground development-management guided ~US$180m-200m\/year in 2024-2025, with ~US$60m allocated to waste stripping and US$40m to underground works in 2025 to sustain ~120-130koz gold annual production.\u003c\/p\u003e\n\u003cp\u003eBy late 2025, ~US$30m-35m of capex shifts to processing upgrades to lift recovery by ~1.5-2 percentage points, preserving mill throughput and extending mine life.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-orange-section\"\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eRoyalties and Profit-Sharing Payments\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eUnder the Sukari Concession Agreement Centamin pays a revenue-based royalty and shares a large portion of net cash flow with the Egyptian government; these mandatory payments rise with gold price and mine profitability and are included in all models.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eRoyalty: percentage of revenue per concession terms\u003c\/li\u003e\n\u003cli\u003eProfit share: significant portion of net cash flow to Egypt\u003c\/li\u003e\n\u003cli\u003eScales with gold price and mine profits\u003c\/li\u003e\n\u003cli\u003eMajor, mandatory cash outflow in all financial planning\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eAdministrative and Exploration Costs\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eGeneral and administrative expenses cover corporate overhead-management salaries, listing fees and head office costs-which totaled about US$45m in 2024 (≈8% of revenue), ensuring strategic oversight. The company also budgets ~US$12m annually for regional exploration to sustain reserve replacement and long-term growth.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eG\u0026amp;A ~US$45m in 2024 (≈8% of revenue)\u003c\/li\u003e\n\u003cli\u003eExploration budget ~US$12m p.a.\u003c\/li\u003e\n\u003cli\u003eSupports reserve replacement and strategic oversight\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCentamin: $38\/t mining cost, $180-200m capex, 180mL diesel\/yr\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eOperational mining and processing drive Centamin's cost base: cash mining costs $38\/t moved (2024), processing ~25-35% of site cash costs, fleet burns ~180m L diesel\/yr; total capex guidance US$180-200m (2024-25) with ~US$60m stripping, US$40m underground, ~US$30-35m processing upgrades; G\u0026amp;A US$45m (2024); royalties\/profit share scale with revenue.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003e2024-25\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eMining cash cost\u003c\/td\u003e\n\u003ctd\u003e$38\/t moved\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eDiesel\u003c\/td\u003e\n\u003ctd\u003e~180m L\/yr\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCapex\u003c\/td\u003e\n\u003ctd\u003e$180-200m\/yr\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eG\u0026amp;A\u003c\/td\u003e\n\u003ctd\u003e$45m\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eR\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eevenue Streams\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003ePrimary Gold Bullion Sales\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eThe overwhelming majority of Centamin's revenue comes from sale of refined gold bars on the international market, with 2024 gold sales accounting for roughly 95% of group revenue and consolidated revenue of US$642m for the year to 31 Dec 2024. Revenue is recognized at point of sale based on prevailing spot gold prices (average received US$1,945\/oz in 2024), making this stream highly sensitive to global macro factors and central bank policy shifts.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eSilver By-product Revenue\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eAt Sukari, silver is a minor by-product of gold refining, contributing roughly 1-3% of Centamin's metal revenues (about $8-$25m annually in 2024 based on company metal sales), and is sold via the same bullion channels as gold; this silver credit reduced Centamin's 2024 all-in sustaining cost (AISC) by an estimated $5-$10\/oz of gold. \u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eStrategic Investment Gains\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eCentamin may realize strategic investment gains from equity stakes in junior explorers; for example, a 2024 minority stake in West African juniors could yield capital gains if projects hit feasibility or are acquired-historically similar exits returned 20-40% IRR over 3-5 years-and this diversifies Centamin's exposure across different geological regions, reducing reliance on its Sukari mine where 2024 production was ~290koz gold.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eAsset Optimization and Waste Monetization\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eCentamin monetizes side-streams at Sukari by selling surplus power and recycling scrap metal, adding modest but recurring cash flows that lower unit costs; in 2024 these initiatives recovered roughly 0.5-1% of site operating costs (~US$3-6m annualized).\u003c\/p\u003e\n\u003cp\u003eThese streams improve sustainability and margins-every incremental kWh or tonne recycled tightens all-in sustaining cost (AISC) for the asset.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eSurplus power sales: small, steady cash inflow (~US$1-3m pa)\u003c\/li\u003e\n\u003cli\u003eScrap metal recycling: reduces waste disposal, adds ~US$2-3m pa\u003c\/li\u003e\n\u003cli\u003eEstimated contribution to AISC reduction: 0.5-1%\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eFuture Production from New Concessions\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eBy end-2025 Centamin projects tangible revenue potential from new satellite deposits and regional blocks, with management citing a combined prospective resource adding an estimated $200-350m net present value to corporate valuation based on recent reserve conversions and $1,700\/oz gold assumptions.\u003c\/p\u003e\n\u003cp\u003eThese assets don't yet generate cash but lift market equity and form the future pipeline to replace or augment Sukari, supporting long-term production guidance of 350-380koz\/year post-2027.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eEstimated NPV contribution: $200-350m\u003c\/li\u003e\n\u003cli\u003ePrice assumption used: $1,700\/oz gold\u003c\/li\u003e\n\u003cli\u003eTargeted production post-2027: 350-380 koz\/year\u003c\/li\u003e\n\u003cli\u003eNot in cash flow until mine development (2026-2028)\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCentamin: US$642m 2024 revenue; 290koz gold at $1,945\/oz, pipeline NPV $200-350m\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eCentamin's 2024 revenue = US$642m, ~95% from Sukari gold sales (avg realized US$1,945\/oz; production ~290koz). Silver by-product ~1-3% (~US$8-25m), side‑streams (power, scrap) ~US$3-6m; AISC cut ~0.5-1%. Pipeline NPV (to end‑2025) US$200-350m at US$1,700\/oz; target production 350-380koz\/yr post‑2027.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003e2024\/Estimate\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eTotal revenue\u003c\/td\u003e\n\u003ctd\u003eUS$642m\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eGold rev share\u003c\/td\u003e\n\u003ctd\u003e~95%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eAvg gold price\u003c\/td\u003e\n\u003ctd\u003eUS$1,945\/oz\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eProduction\u003c\/td\u003e\n\u003ctd\u003e~290koz\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eSilver rev\u003c\/td\u003e\n\u003ctd\u003eUS$8-25m\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eSide‑streams\u003c\/td\u003e\n\u003ctd\u003eUS$3-6m\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePipeline NPV\u003c\/td\u003e\n\u003ctd\u003eUS$200-350m\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePost‑2027 target\u003c\/td\u003e\n\u003ctd\u003e350-380koz\/yr\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e","brand":"Value Chain Analysis","offers":[{"title":"Default Title","offer_id":57354773365067,"sku":"centamin-business-model-canvas","price":10.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1049\/6776\/6347\/files\/centamin-canvas-business-model.webp?v=1779129682","url":"https:\/\/valuechainanalysis.com\/products\/centamin-business-model-canvas","provider":"Value Chain Analysis","version":"1.0","type":"link"}