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Central Asia Metals

May 2024

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Lower prices and output were responsible for the 27% reduction in EBITDA to US$97m while free cash flow fell 36% to US$58m reflecting lower profitability and higher capex. At its Sasa mine, EBITDA fell 37% to US$35.7m reflecting production of 20,300 tonnes zinc (down 5%) and 27,800 tonnes lead (+2%). Zinc prices fell almost a quarter with lead broadly unchanged. At Kounrad, copper production was 13,816 tonnes and EBITDA fell 18.5% to US$39.2m mainly due to lower prices. These are somewhat uninspiring results but even more irritating is management’s inability to acquire a third leg to the business (a mature low cost mining producer with growth prospects). It has US$57m net cash burning a hole in its pocket but to date has ...

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Moonpig

Playtech

Central Asia Metals - Swings to net cash of US$59.2m (May 2023)

Central Asia Metals - Low cost producer sees copper prices hit 6-month high (February 2023)

Central Asia Metals - Net cash increases to US$39m (November 2022)

Central Asia Metals - Prospect of higher prices drives chart break-out (May 2022)

Central Asia Metals - Low cost copper producer on PE of 6.8 (March 2022)

Central Asia Metals - Eps to be ahead of expectations (February 2022)

Central Asia Metals - Net cash of US$150m forecast by FY 23 (November 2021)

Central Asia Metals (September 2021)

Central Asia Metals - Shares pop over 270p (May 2021)

Central Asia Metals - Hedging 30% production (February 2021)

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