Business
Interim Results for Six Months Ended 30 June 2018
Interim Results for Six Months Ended 30 June 2018.
About this update from Central Asia Metals Plc
[{"type":"text","content":"\n \nRNS Number : 1709B Central Asia Metals PLC 19 September 2018 \n\n19 September 2018\nCentral Asia Metals plc\n(the 'Group', the 'Company' or 'CAML')\n \nInterim Results for the Six Months Ended 30 June 2018\n \nCentral Asia Metals plc (AIM: CAML) is pleased to announce its unaudited interim results for the six months ended 30 June 2018 ('H1 2018' or the 'Period'). \n \nFinancial summary\n• H1 2018 dividend of 6.5 pence per share (H1 2017: 6.5 pence)\n• Group gross revenue of $102.4 million (H1 2017: $38.6 million)\n• Kounrad C1 copper cash cost of $0.53 per pound (H1 2017: $0.45 per pound) \n• Sasa C1 zinc equivalent cash cost of $0.44 per pound (FY 2017: $0.44 per pound)\n• Group EBITDA of $64.6 million (H1 2017: $24.3 million), margin of 63% (H1 2017: 63%) \n• Profit before tax of $38.4 million (H1 2017: $20.7 million)\n• EPS from continuing operations of 16.37 cents per share (H1 2017: 13.77 cents per share)\n• Group cash balance as at 30 June 2018 of $40.4 million (31 December 2017: $45.8 million)\n• Group net debt as at 30 June 2018 of $125.2 million (31 December 2017: $136.1 million) \n \nOperational summary\n• Kounrad copper production of 6,747 tonnes (H1 2017: 7,027 tonnes) \n• Kounrad copper sales of 6,044 tonnes (H1 2017: 6,870 tonnes) \n• Sasa zinc in concentrate production of 11,020 tonnes, payable sales of 9,256 tonnes\n• Sasa lead in concentrate production of 14,386 tonnes, payable sales of 13,701 tonnes \n• 2018 Shuak exploration programme commenced in May, core hydrotransport ('CHT') drilling programme complete in August 2018\n \nOutlook \n· On course to achieve 2018 base metal production guidance of:\no 13,000 - 14,000 tonnes of copper \no 21,000 - 23,000 tonnes of zinc \no 28,000 - 30,000 tonnes of lead \n· Shuak diamond drilling and induced polarisation ('IP') geophysical survey commenced, to ...