Overview
Central Asia Metals : CAML
Central Asia Metals (CAML) is a base metals producer listed on London’s aim market with copper operations in Kazakhstan and a zinc and lead mine in Macedonia.
The company is based in London and owns 100% of the Kounrad solvent extraction and electrowinning (SX-EW) copper facility in central Kazakhstan, and 80% of the Shuak copper exploration project in northern Kazakhstan, 100% of the Sasazinc and lead mine in Macedonia and 80% of the Shauk copper exploration project in northern Kazakhstan.
CAML was incorporated in the United Kingdom and raised $60 million at IPO in September 2010, which was used to build the Kounrad recovery plant in central Kazakhstan. Construction of the Kounrad plant was completed in early 2012, 15% below budget. Copper production commenced in April 2012, and annual production has since increased to in the order of 13,000 to 14,000 tonnes. In September 2015, the company reached the milestone of having returned to shareholders, through dividends and share buybacks, amounts in excess of those raised at IPO.
In November 2017, CAML completed the acquisition of the Sasa zinc and lead mine in Macedonia for a total consideration of $402.5 million.
The company is moving forward as a low cost, diversified base metals producer, with capacity to generate annual copper production of up to 14,000 tonnes, lead production of up to 30,000 tonnes and zinc production of up to 23,000 tonnes.
We have written notes that explain how the fund works: “Defending the dividend“, “Dividend-paying, low cost copper producer“, “Profit soar as costs slashed“, “A consistent dividend payer with a high yield“, “Site visit“, and “Accretive transaction boosts cash flow and dividend paying capacity”
You can access the company’s website by clicking here.
Fundamentals
Price
Research History
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16 Nov 2017 1 min read
Central Asia Metals – Accretive transaction boosts cash flow and dividend paying capacity
Central Asia Metals – Accretive transaction boosts cash flow and dividend paying capacity Central Asia Metals (CAML) has transformed itself from a single-asset copper producer to a significantly larger base-metal producer. The acquisition appears to have added a lot of value to the company and has added another low-cost base metal operation. Marten & Co’s […]
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1 min read
Central Asia Metals – Accretive transaction boosts cash flow and dividend paying capacity
Central Asia Metals (CAML) has transformed itself from a single-asset copper producer to a significantly larger base-metal producer. The acquisition appears to have added a lot of value to the company and has added another low-cost base metal operation. QuotedData’s model suggests that this could allow CAML to almost double its earnings per share (EPS), […]
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23 May 2017 1 min read
Central Asia Metals – Site visit to Kazakh operations
Central Asia Metals – Site visit to Kazakh operations Marten & Co’s analyst, Paul Burton, shares his impressions from his site visit to Central Asia Metals (CAML)’s Kazakh operations. In late April, QuotedData’s analyst visited the plant site with a group of London-based analysts. The group witnessed the first copper (in solution) being leached from […]
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1 min read
Central Asia Metals – Site visit to Kazakh operations
QuotedData’s analyst, Paul Burton, shares his impressions from his site visit to Central Asia Metals (CAML)’s Kazakh operations. In late April, QuotedData’s analyst visited the plant site with a group of London-based analysts. The group witnessed the first copper (in solution) being leached from the new Western dumps at Kounrad. The commencement of production here […]
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25 Apr 2017 1 min read
Central Asia Metals – A consistent dividend payer with a high yield
Central Asia Metals – A consistent dividend payer with a high yield Marten & Co is publishing a new update note on Central Asia Metals, a company in the mining sector Central Asia Metals (CAML) has increased its annual dividend by 24% year-on-year, to 15.5p per share, providing shareholders with a 6.6% yield. The company recorded […]
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1 min read
Central Asia Metals – A consistent dividend payer with a high yield
QuotedData is publishing a new update note on a company in the mining sector: Central Asia Metals – A consistent dividend payer with a high yield Central Asia Metals (CAML) has increased its annual dividend by 24% year-on-year, to 15.5p per share, providing shareholders with a 6.6% yield. The company recorded its fifth consecutive year […]
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13 Sep 2016 1 min read
Central Asia Metals – Profits soar as costs slashed
Central Asia Metals – Profits soar as costs slashed Despite a weak market for copper, Central Asia Metals (CAML) turned in an impressive first half 2016 performance by increasing profits and raising its half-yearly dividend. H1 2016 earnings per share was up 95% year-on-year, to US9.5c, and the company has increased its interim dividend by […]
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1 min read
Central Asia Metals – Profits soar as costs slashed
Despite a weak market for copper, Central Asia Metals (CAML) turned in an impressive first half 2016 performance by increasing profits and raising its half-yearly dividend. H1 2016 earnings per share was up 95% year-on-year, to US9.5c, and the company has increased its interim dividend by 22%, to 5.5p per share. CAML’s main asset is […]
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24 Jul 2016 1 min read
Central Asia Metals – Dividend-paying, low-cost copper producer
Central Asia Metals – Dividend-paying, low-cost copper producer Central Asia Metals (CAML) recorded a profit in its first year of operation (2012) and has remained profitable ever since. It has paid a dividend each year from cash earnings, something of a novelty for a junior mining company and has returned to shareholders all the funds […]
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21 Apr 2016 1 min read
Central Asia Metals – Defending the dividend
Central Asia Metals – Defending the dividend Central Asia Metals (CAML’s) recent annual results show that the company recorded another profitable year in 2015. With a final dividend of 8.0p, the company is maintaining the total dividend at 12.5p, resulting in a dividend yield of 7.1% at the current share price. CAML’s main asset is […]
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1 min read
Central Asia Metals – Defending the dividend
Central Asia Metals – Defending the dividend – Central Asia Metals (CAML’s) recent annual results show that the company recorded another profitable year in 2015. With a final dividend of 8.0p, the company is maintaining the total dividend at 12.5p, resulting in a dividend yield of 7.1% at the current share price. CAML’s main asset is […]
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24 Feb 2016 1 min read
Central Asia Metals – Dividend-paying, low-cost copper producer
Central Asia Metals – Dividend-paying, low-cost copper producer. Central Asia Metals (CAML) recorded a profit in its first year of operation (2012) and has remained profitable ever since. It has paid a dividend each year from cash earnings, something of a novelty for a junior mining company and has returned to shareholders all the funds […]
News
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01 Nov 2017 1 min read
Central Asia Metals to complete Lynx acquisition on 6 November
Central Asia Metals PLC (AIM: CAML) has received approval, from the Macedonian Competition Commission, for the acquisition of Lynx Resources (see post 24 Sept). Therefore, the transaction is expected to be completed on 6 November 2017. About Lynx Resources Lynx is a Bermudan holding company set up explicitly to acquire the Sasa mine in 2015, […]
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03 Oct 2017 1 min read
Central Asia Metals on course to achieve upper end of 2017 copper production guidance
Central Asia Metals plc (AIM: CAML) is on course to achieve copper production at the upper end of its 13,000t-14,000t guidance range from its Kounrad operation for 2017 after producing 3,842t in Q3. This takes the total for the year to date to 10,869t. Since starting irrigation of the Western Dumps in April 2017, the […]
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24 Sep 2017 2 min read
CAML expands base metal production through bold acquisition
Central Asia Metals (CAML) is extending the range and size of its base metal production through the proposed US$402.5m acquisition of Lynx Resources, owner of the Sasa zinc/lead mine, in Macedonia. CAML is funding the acquisition through a combination of debt (US$187m) and equity (US$195.5m). Sasa is owned by Lynx Resources, a company set up […]
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04 Sep 2017 1 min read
Central Asia Metals in advanced talks for reverse takeover transaction: suspends trading
Central Asia Metals (CAML) the AIM-listed copper producer, has announced that it is in advanced talks with a third party which may lead to a reverse takeover transaction. At the company’s request, its shares were suspended this morning from trading on AIM and will remain so until either the publication of an admission document setting […]
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05 Jul 2017 1 min read
Central Asia Metals H1 copper output increased with first production from Western Dumps
Central Asia Metals (CAML) reports H1 2017 copper production from its Kounrad dump leach copper recovery plant in Kazakhstan up 2% year-on-year to 7,027 t. Sales were 6,870 t, an 8% increase on H1 2016. In April 2017, the company began irrigating the Western Dumps and, during Q2 2017, approximately 1,300 t of copper cathode […]
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01 May 2017 1 min read
Kounrad starts producing copper from new dump
Central Asia Metal’s Kounrad copper operation, in Kazakhstan, is now recovering the metal from the Western dumps on the property. In April, the company applied the first acid through an extensive drip irrigation system to an initial leach area on its dump 22 and when QuotedData visited the site last week we observed pregnant leach […]
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18 Jan 2017 1 min read
Positive DFS for Copper Bay but CAML defers construction decision
Central Asia Metals plc has released the results of a definitive feasibility study (DFS) for its 75%-owned Copper Bay tailings project, in Chile. Based on a mineable resource of 34.8Mt at a grade of 0.24% copper (84,635t contained), the project could produce 8,640t/y of copper for seven years at an average C1 cash cost of […]
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05 Jan 2017 1 min read
Central Asia Metals record annual copper production and sales in 2016
Central Asia Metals (CAML:AIM) Q4 2016 and full year production update for the Kounrad dump leach, SX-EW copper recovery plant in Kazakhstan was 3,010 tonnes of copper cathode; total production for 2016 was 14,020 tonnes, a 16% increase on 2015. Copper cathode sales for the year ending 31 December 2016 were 13,938 tonnes which was a […]
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23 Nov 2016 1 min read
Central Asia Metals expands interest in Kazakhstan
Central Asia Metals plc has expanded its interest in Kazakhstan with a framework agreement to acquire an 80% effective interest in the subsoil use contract (SUC) for the Shuak copper exploration property, in northern Kazakhstan. This represents the company’s first venture outside of its Kounrad copper dump retreatment operation in the country. To acquire its […]
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05 Oct 2016 1 min read
Record copper production for Central Asia Mines
Central Asia Mines has reported record quarterly copper production and sales at its Kounrad operation for the third quarter ended 30 September 2016. Kounrad produced 4,102t of copper cathode, a 38% increase on the corresponding period of 2015, including a record monthly production of 1,503t in August. Year-to-date copper production was 11,010t, a 31% increase […]
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04 Jul 2016 1 min read
Central Asia Metals on track to produce 13-14 kt of copper this year
Central Asia Metals (CAML) reports H1 2016 copper production from its Kounrad dump leach copper recovery plant, in Kazakhstan, up 27% year-on-year to 6,908 t. Sales were 6,355 t, a 24% increase on H1 2015. The company further reports that the expansion project to exploit the Western dumps, which is being funded from cashflow generated […]
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06 Jan 2016 1 min read
Record copper production for Central Asia Metals in 2015
Central Asia Metals plc produced a record 12,071 t of copper at its Kounrad dump leach, solvent extraction and electro-winning copper recovery plant, in Kazakhstan, in 2015, an 8.4% increase on 2014. Q4 15 production was 3,661 t of copper, representing a 36% increase from Q4 14. The company sold 12,040 t of copper cathode […]
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23 Nov 2015 1 min read
Central Asia Metals gets approval for treatment of Western dumps
Central Asia Metals plc has received regulatory approvals to exploit the Western dumps at its Kounrad SX-EW copper recovery operation, in Kazakhstan. The company currently extracts copper from the Eastern dumps and earlier this year expanded the plant to a capacity of 15,000 t/y of copper cathode. As the Eastern dumps become exhausted, the company […]
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15 Sep 2015 1 min read
Central Asia Metals’ earnings reduced on lower copper price
Central Asia Metals reported EBITDA of US$16.0 million for H1 2015 against US$21.8 million for the corresponding period of 2014. The decline is attributed to the fall in the average copper price received (US$$5,936/t compared with US$7,049/t a year earlier. Because of this, and despite an increase in copper sales, gross revenue fell 10% to […]
