Business
2019 Full Year Results
2019 Full Year Results.
About this update from Central Asia Metals Plc
[{"type":"text","content":"\n \n \n RNS Number : 3138I\n Central Asia Metals PLC\n 01 April 2020\n \n \n \n \n 1 April 2020\n \n \n \n \n \n CENTRAL ASIA METALS PLC\n \n \n ('CAML' or the 'Company')\n \n \n 2019 Full Year Results \n \n Central Asia Metals plc (AIM: CAML) today announces its full year results for the 12 months ended 31 December 2019.\n Update regarding COVID-19 pandemic and outlook for 2020\n \n \n · No CAML Group staff or contractors diagnosed with COVID-19\n \n · Both Sasa and Kounrad remain fully operational, with strong 2020 operational performances to date\n \n · Despite host government border restrictions for movement of people, metal sales have to date been unaffected\n \n · Situation intensifying in both countries with a rising number of COVID-19 cases\n \n · No 2019 final dividend proposed\n \n o Short-term priority is the welfare of all CAML employees and contractors\n \n o Prudent to maintain strong cash position\n \n o Decision to be revisited pending greater clarity on the impact of the pandemic\n Strong 2019 financial and operational performance\n \n · 2019 full year dividend (interim only) of 6.5 pence (2018: 14.5 pence)\n \n o Equates to a c.4.5% yield on the current share price\n \n · Group gross revenue[1] of $180.8 million (2018: $204.2 million) and Group net revenue of $171.8 million (2018: $194.4 million)\n \n · Group profit before tax of $67.8 million (2018: $72.7 million)\n \n · Sasa 2019 C1 zinc equivalent cash cost of $0.47 per pound (2018: $0.46 per pound)\n \n · Kounrad 2019 C1 cash cost of $0.52 per pound (2018: $0.54 per pound)\n \n · Group EBITDA1 of $108.6 million (2018: $125.3 million)\n \n · EBITDA margin1 of 60% (2018: 61%)\n \n · EPS from continuing operations of 29.36 cents (2018: 31.33 cents)\n \n · Group free cash flow1 ('FCF') of $69.8 million (2018: $73.8 million, adjusted)\n \n · Cash in the bank as at 31 December 2019 of $32.6 million[2] (2018: $39.0 million)\n \n · Group net debt1 as at 31 December 2019 of $80.2 million (2018: net debt of $110.3 million)\n \n · 2019 gross debt repayments of $38.4 million (2018: $38.5 million)\n \n · Zinc in concentrate production of 23,369 tonnes (2018: 22,532 tonnes)\n \n \n · Lead in concentrate production of 29,201 tonnes (2018: 29,388 tonnes)\n \n \n · Copper production of 13,7...