Updates

Central Asia Metals

September 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.

CAML’s Q2 operating update revealed copper down 2% year-on-year to 3,300 tonnes, but lead (down 10%) and zinc (minus 9%) fell more sharply, due to management having to switch to lower grade ore due to poor ground conditions. This is a drawback of the current mining method which, as I flagged in my original write-up, is being replaced by a new “cut-and-fill” method over the next four years. As a result, management said production for the year will be at the low end of the range.More positively, broker VSA Capital has upgraded full year EBITDA forecasts by 12% to almost US$133m, and by 10% to US$135.3m for FY’22, giving eps of 45 cents (32.4p) and 46 cents (33p). This reflects a 9% upgrade in copper price fore ...

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T Clarke

Belvoir

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

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

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

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