Business
2020 Full Year Results
2020 Full Year Results.
About this update from Central Asia Metals Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 8826T\n Central Asia Metals PLC\n 30 March 2021\n \n \n \n \n 30 March 2021\n \n \n \n \n \n CENTRAL ASIA METALS PLC\n \n \n ('CAML' or the 'Company')\n \n \n 2020 Full Year Results\n \n Central Asia Metals plc (AIM: CAML) today announces its full year results for the 12 months ended 31 December 2020.\n Financial highlights\n \n · \n 2020 final dividend of 8 pence per share (2019: Nil)\n \n \n o \n 2020 full year dividend of 14 pence per share (2019: 6.5 pence per share) \n \n \n o \n Represents 57% of 2020 free cash flow1 ('FCF')\n \n \n o \n Payable on 25 May 2021 to shareholders registered on 30 April 2021\n \n \n · \n Group gross revenue[1] of $170.3 million (2019: $180.8 million) \n \n \n o \n Group net revenue of $160.1 million (2019: $171.7 million)\n \n \n · \n Group EBITDA\n 1\n of $95.7 million (2019: $108.6 million)\n \n \n · \n EBITDA margin\n 1\n of 56% (2019: 60%)\n \n \n · \n Group profit before tax of $59.8 million (2019: $67.8 million)\n \n \n · \n Sasa C1 zinc equivalent cash cost of $0.50 per pound (2019: $0.47 per pound)\n \n \n · \n Kounrad C1 copper cash cost of $0.51 per pound (2019: $0.52 per pound)\n \n \n · \n EPS from continuing operations of 24.78 cents (2019: 29.36 cents)\n \n \n · \n Group FCF of $58.9 million (2019: $69.8 million) \n \n \n · Group net debt1 as at 31 December 2020 of $36.2 million (2019: $80.2 million)\n \n o \n Cash in the bank as at 31 December 2020 of $47.9 million2 (2019: $32.6 million)\n \n \n o \n 2020 gross debt repayments of $38.4 million (2019: $38.4 million)\n \n Operational highlights\n \n · \n Zero lost time injuries at either Sasa or Kounrad during 2020 (2019: one)\n \n \n · \n Zinc in concentrate production of 23,815 tonnes (2019: 23,369 tonnes)\n \n \n · \n Lead in concentrate production of 29,742 tonnes (2019: 29,201 tonnes)\n \n \n · \n Copper production of 13,855 tonnes (2019: 13,771 tonnes)\n \n \n 2021 outlook\n \n \n · \n Sasa production guidance \n \n \n o \n Zinc in concentrate, between 23,000 and 25,000 tonnes\n \n \n o \n Lead in concentrate, between 30,000 and 32,000 tonnes\n \n \n · \n Kounrad copper production guidance, between 12,500 and 13,500 tonnes \n \n \n \n \n \n \n \n \n \n \n \n 1 See Financial Review section for definition of non-IFRS alte...