Updates

Central Asia Metals - Net cash of US$150m forecast by FY 23

November 2021

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

The most pleasing aspect to CAML’s interims was the 131% year-on-year increase in free cash flow to US$48.9m, which not only powered an 8p dividend but also reduced net debt by US$25m to just US$10.1m.Sales rose 42% to US$100.8m while EBITDA jumped 51% to US$64.4m with EBITDA margins up 5% to 61%. That was largely thanks to realized prices for copper, zinc and lead averaging 64%, 26% and 44% higher, respectively.As previously flagged, production at the Kounrad copper mine fell 6% to 6,217 oz and while cost of sales rose 19% to 57 cents / lb that’s still amongst the lowest in the world; with copper prices averaging 417 cents / lb, the mark-up is huge.At Sasa, lead and zinc production fell 9% and 7%, respectively. While ...

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Belvoir

Vistry

Central Asia Metals (May 2024)

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 (September 2021)

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

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

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