Centamin

Centamin is a gold mining and exploration company focused on the discovery, development and operation of gold resources. Its principal operating asset is the Sukari gold mine in Egypt's Eastern Desert, approximately 700 kilometres from Cairo and about 25 kilometres from the Red Sea. Sukari is the defining asset of the Centamin business and is notable as the first modern gold mine developed in Egypt, a country with a long historical association with gold production. The company traces its public-market history to a listing on the then Australian Stock Exchange in 1970. Its strategic connection with Egypt was established in 1999, when it acquired Pharaoh Gold Mines, an exploration company that had been working in Egypt since 1995. Following that transaction, the business adopted the name Centamin Egypt and concentrated much of its exploration and development activity on Egyptian opportunities. A major turning point came in 2005, when Centamin secured a 160-square-kilometre exploitation lease covering the Sukari Gold Project. The lease provided the foundation for the transition from exploration company to mine developer. To support the funding and development of production, Centamin obtained a listing on the Toronto Stock Exchange in 2007. Sukari produced its first gold in June 2009, and commercial production began on 1 April 2010. Centamin subsequently completed a full listing on the London Stock Exchange in November 2009. In 2010 it left the Australian Stock Exchange, and in 2011 the company redomiciled to Jersey and adopted the legal name Centamin plc. These changes reflected the company's evolution from an Australia-listed exploration business into an international precious-metals producer with a primary operating presence in Egypt and capital-market links to London and Toronto. Centamin's business model has been centered on the operation of Sukari rather than on a broad portfolio of consumer-facing products or brands. Its activities include mine development, mineral extraction, processing and gold production, together with exploration intended to extend or improve the resource base around its operating interests. The company's commercial identity is therefore that of a specialist mining enterprise rather than a retail brand. In November 2024, AngloGold Ashanti plc acquired Centamin plc. Following the transaction, Centamin became wholly owned by AngloGold Ashanti and formed part of AngloGold Ashanti's portfolio of global mining operations. Centamin remains associated with the Sukari mine and its Egyptian operating platform, although strategic control now rests with AngloGold Ashanti. Publicly available reference material supplied for this entry does not establish a separate current executive team, standalone website or current trading ticker for Centamin after the acquisition.

Centamin's public-company history began with its listing on the then Australian Stock Exchange in 1970. The company later shifted its strategic emphasis toward Egypt. In 1999, it acquired Pharaoh Gold Mines, an exploration company that had been active in Egypt since 1995, and subsequently operated under the name Centamin Egypt. The company's Egyptian strategy became more concrete in 2005, when it received a 160-square-kilometre exploitation lease for the Sukari Gold Project in the Eastern Desert. The lease was the central foundation for the later mine development. Centamin sought additional capital-market access as it progressed toward production and secured a Toronto Stock Exchange listing in 2007 to help raise funds for the project. Sukari produced its first gold in June 2009. Centamin obtained a full listing on the London Stock Exchange in November of the same year, marking the company's transition toward a London-centered international mining profile. Commercial production at Sukari began on 1 April 2010. The mine was described as Egypt's first modern gold mine, distinguishing the project from the country's much older, historically documented gold-mining activity. In 2010, Centamin was delisted from the Australian Stock Exchange. The following year, it redomiciled to Jersey and changed its name to Centamin plc. These corporate changes accompanied the company's development from an exploration-led business into a producing gold company centered on one major Egyptian asset. The company's principal operation is Sukari, located in Egypt's Eastern Desert approximately 700 kilometres from Cairo and 25 kilometres from the Red Sea. Centamin's operating identity has consequently remained closely tied to Egypt, even though its corporate and listing history has involved Australia, Canada, London and Jersey. In November 2024, AngloGold Ashanti plc acquired Centamin plc. After the acquisition, Centamin became wholly owned by AngloGold Ashanti and was incorporated into AngloGold Ashanti's portfolio of global operations. The transaction represents the latest major structural change in Centamin's history and means that the business is no longer an independent listed company. The available source material does not provide sufficient information to document a separate current Centamin management team, detailed production history, financial performance or post-acquisition corporate structure beyond its status as an AngloGold Ashanti subsidiary.

• 2024

  Acquisition by AngloGold Ashanti

  [1]Centaminen.wikipedia.org

  AngloGold Ashanti plc acquired Centamin plc in November, making Centamin a wholly owned subsidiary.

• 2011

  Redomiciliation to Jersey

  [1]Centaminen.wikipedia.org

  The company redomiciled to Jersey and adopted the name Centamin plc.

• 2010

  Commercial production begins

  [1]Centaminen.wikipedia.org

  Commercial production at Sukari began on 1 April. Centamin was also delisted from the Australian Stock Exchange.

• 2009

  First gold at Sukari and London listing

  [1]Centaminen.wikipedia.org

  Sukari produced its first gold in June, and Centamin obtained a full listing on the London Stock Exchange in November.

• 2007

  Toronto Stock Exchange listing

  [1]Centaminen.wikipedia.org

  Centamin secured a Toronto Stock Exchange listing to raise funding for the development of production.

• 2005

  Sukari exploitation lease

  [1]Centaminen.wikipedia.org

  The company received a 160-square-kilometre exploitation lease covering the Sukari Gold Project in Egypt's Eastern Desert.

• 1999

  Acquisition of Pharaoh Gold Mines

  [1]Centaminen.wikipedia.org

  Centamin acquired Pharaoh Gold Mines, which had been exploring for gold in Egypt since 1995, and became known as Centamin Egypt.

• 1970

  Initial Australian listing

  [1]Centaminen.wikipedia.org

  Centamin was first listed on the then Australian Stock Exchange.

A specialist gold-mining company defined by its ownership and operation of the Sukari mine in Egypt, now operating as part of AngloGold Ashanti's international portfolio.

• Gold mining operation · 2009

  Sukari Gold Mine

  Sukari is Centamin's principal operating asset and is located in Egypt's Eastern Desert, approximately 700 kilometres from Cairo and 25 kilometres from the Red Sea. The project was covered by a 160-square-kilometre exploitation lease granted in 2005. First gold was poured in June 2009 and commercial production began on 1 April 2010. It is identified as Egypt's first modern gold mine and remains the central asset associated with Centamin following its acquisition by AngloGold Ashanti.

• Mining exploration

  Gold exploration and development

  Centamin's business has included gold exploration, project development and the conversion of mineral opportunities into operating production. Its Egyptian focus was strengthened through the acquisition of Pharaoh Gold Mines in 1999 and the subsequent development of the Sukari project. The available reference material does not identify additional named commercial products or operating mines.

• 2024

  AngloGold Ashanti acquisitionM&A

  Background

  Centamin had developed into a gold producer centered on the Sukari mine in Egypt. In November 2024, AngloGold Ashanti acquired Centamin plc.

  Action taken

  Centamin became wholly owned by AngloGold Ashanti and was added to the acquirer's portfolio of global operations.

  Aftermath

  Centamin ceased to operate as an independent listed company, while Sukari remained the principal operating asset associated with the business.

  Source

• 2024

  AngloGold Ashanti acquires Centamin[1]Centaminen.wikipedia.org

  M&A

  AngloGold Ashanti completed the acquisition of Centamin plc in November 2024. Centamin became wholly owned by AngloGold Ashanti, with its operations, including the Sukari gold mine in Egypt, incorporated into AngloGold Ashanti's portfolio.

1. 1Centaminen.wikipedia.org
2. 2Centamin Appoints Deputy Chairman And Interim CEOdirectorstalkinterviews.com
3. 3Centamin appoints new CEOmining.com
4. 4Centamin PLC Announces Appointment of Non-Executive Directorfinanznachrichten.de
5. 5Centamin PLC Announces Board Changesfinanznachrichten.de
6. 6Endeavour Mining Corporation: Endeavour Announces Termination of Merger Discussions with Centamin PLCfinanznachrichten.de