Central Asia Metals profit down in H1 2023 on lower base metals prices, rising costs

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Central Asia Metals profit down in H1 2023 on lower base metals prices, rising costs
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A roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.

- Mining company Central Asia Metals today reported that in H1 2023, it generated EBITDA of $48.9 million and profit of $21.1 million .

The company said that the group's “strong” base metal production offset by weaker base metals prices resulted in CAML reporting gross revenue of $99.3 million for H1 2023 . Importantly, CAML said that given its “strong” balance sheet with $50.6 million cash and no debt together with continued “robust” underlying operational cashflows, the company’s board has declared an interim dividend of 9 pence per share .

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