SOURCE: Centamin plc

March 21, 2016 03:00 ET

Centamin plc Results for the Year Ended 31 December 2015

PERTH, AUSTRALIA--(Marketwired - Mar 21, 2016) - Centamin plc (LSE: CEY) (TSX: CEE)


For immediate release 21 March 2016

Centamin plc ("Centamin" or "the Company")

Centamin plc Results for the Year Ended 31 December 2015

Josef El-Raghy, Chairman of Centamin, commented: "During 2015 Centamin has maintained its strategic focus on generating shareholder returns and value-accretive growth, despite the continued gold price weakness and widespread challenges across the industry. Our flagship Sukari Gold Mine has continued to deliver substantial free cash flows, driven by a sixth successive year of production growth and industry competitive costs. The strong performance of our core asset, together with the Company's robust financial position, allowed the board of directors to approve an interim 2015 payment of 0.97 US cents per share (versus a 2014 interim payment of 0.87 US cents per share). I am now pleased to announce the approval of a final dividend for 2015 of 1.97 US cents per share. This represents a full year pay-out of approximately US$33.7 million, which sits at the top end of our dividend policy to pay out 15-30% of our net free cash flow."

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