Business
2018 Full Year Results
2018 Full Year Results.
About this update from Central Asia Metals Plc
[{"type":"text","content":"\n \nRNS Number : 6867V Central Asia Metals PLC 10 April 2019 \n\n10 April 2019\nCENTRAL ASIA METALS PLC\n('CAML' or the 'Company')\n2018 Full Year Results\nCentral Asia Metals plc (AIM: CAML) today announces its full year results for the 12 months ended 31 December 2018.\n2018 Financial Summary\n· 2018 dividend of 14.5 pence per share (2017: 16.5 pence)\no Includes final proposed dividend of 8 pence (2017: 10 pence)\no Represents 44% of 2018 adjusted free cash flow, in line with dividend policy\n· Group gross revenue of $204.2 million (2017: $106.5 million)\n· Group EBITDA of $125.3 million (2017: $53.9 million)\n· Group EBITDA margin of 61% (2017: 51%)\n· Sasa 2018 C1 zinc equivalent cash cost of $0.46 per pound (2017: $0.44 per pound)\n· Kounrad 2018 C1 cash cost of $0.54 per pound (2017: $0.52 per pound)\n· EPS from continuing operations of 31.33 cents (2017: 29.08 cents)\n· Group net debt as at 31 December 2018 of $110.3 million (2017: net debt of $138.9 million)\no Cash in the bank as at 31 December 2018 of $39.0 million (2017: $45.8 million)\no 2018 gross debt repayments of $38.5 million\n2018 Operational Summary\nSasa\n· Zinc in concentrate production of 22,532 tonnes (2017: CAML attributable 3,625 tonnes)\n· Lead in concentrate production of 29,388 tonnes (2017: CAML attributable 4,951 tonnes)\n \nKounrad\n· Copper production of 14,049 tonnes (2017: 14,103 tonnes)\n· 64% of 2018 production from Western Dumps\n \n2019 Outlook\n· Kounrad copper production guidance, between 12,500 and 13,500 tonnes\no Approximately 70% of 2019 copper production to be leached from Western Dumps\n· Sasa production guidance\no Zinc, between 22,000 and 24,000 tonnes\no Lead, between 28,000 and 30,000 tonnes\n· Capex at Sasa expected to reduce to c.$10 million for the current financial year, with minimal sustaining capex of c.$2 million at K...