New Risk • Jul 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 8.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (8.2% average weekly change). Tillkännagivande • Jul 08
Central Asia Metals plc Reaffirms Production Guidance for the Year 2026 Central Asia Metals plc reaffirmed production guidance for the year 2026. For the year, the company expects copper production of 12,000 to 13,000 tonnes, zinc-in-concentrate production of 18,000 to 20,000 tonnes, lead-in-concentrate production of 26,000 to 28,000 tonnes. Tillkännagivande • Jun 11
Central Asia Metals plc Reaffirms Production Guidance for the Year 2026 Central Asia Metals plc reaffirmed production guidance for the year 2026. For the year, the company Both operations on track to achieve 2026 production guidance. Kounrad copper production of 12,000 to 13,000 tonnes. Sasa zinc-in-concentrate production of 18,000 to 20,000 tonnes. Sasa lead-in-concentrate production of 26,000 to 28,000 tonnes. Tillkännagivande • Jun 02
Central Asia Metals plc (AIM:CAML) entered into scheme of implementation deed to acquire Cygnus Metals Limited (ASX:CY5) from a group of shareholders for approximately AUD 230 million. Central Asia Metals plc (AIM:CAML) entered into scheme of implementation deed to acquire Cygnus Metals Limited (ASX:CY5) from a group of shareholders for approximately AUD 230 million on June 2, 2026. The consideration consists of common equity of Central Asia Metals plc at a ratio of 0.06 per common equity of Cygnus Metals Limited. The consideration consists of options of Central Asia Metals plc having a value of AUD 1.88 million to be issued for options of Cygnus Metals Limited. The sellers in the transaction includes Ocean Partners Holdings Limited, Equinox Partners Investment Management LLC, Symorgh Investments Pty. Ltd. and Symorgh Super Pty Ltd, Gold Leaf Corporate Pty Ltd, Blue Leaf AC, M D & S J Super Fund and Sarah June Naylo. In case of termination of transaction, Central Asia Metals plc will pay a termination fee of AUD 2.3 million and Cygnus Metals Limited will pay a termination fee of AUD 2.3 million.
The transaction is subject to approval of merger agreement by target board, approval of offer by acquirer shareholders, approval by regulatory board / committee and approval of offer by target shareholders. The Board of Directors of Cygnus Metals Limited formed a special committee for the transaction. The deal has been unanimously approved by the board. The expected completion of the transaction is in September 2026.
Pascal Lussier Duquette and Thomas Rider of BMO Capital Markets Limited acted as financial advisor for Central Asia Metals plc. Corbs Chambers Westgarth acted as legal advisor for Central Asia Metals plc. McCarthy Tétrault LLP acted as legal advisor for Central Asia Metals plc. Fieldfisher LLP acted as legal advisor for Central Asia Metals plc. Canaccord Genuity Financial Limited acted as financial advisor for Cygnus Metals Limited. Hamilton Locke Pty Ltd acted as legal advisor for Cygnus Metals Limited. Osler, Hoskin & Harcourt LLP acted as legal advisor for Cygnus Metals Limited. Peel Hunt LLP acted as financial advisor for Central Asia Metals plc. Upcoming Dividend • May 28
Upcoming dividend of UK£0.075 per share Eligible shareholders must have bought the stock before 04 June 2026. Payment date: 29 June 2026. The company is not currently making a profit but it is cash flow positive. Trailing yield: 7.7%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (1.4%). Board Change • May 20
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 4 highly experienced directors. Independent Non-Executive Director Alison Baker was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • May 20
Central Asia Metals plc Approves to Declare Final Dividend for the Year Ended December 31, 2025 Central Asia Metals plc at its Annual General Meeting held on May 18, 2026 approved to declare a final dividend of 7.5 pence per share for the year ended 31 December 2025. Tillkännagivande • Apr 18
Central Asia Metals plc Reiterates Production Guidance for the Fiscal 2026 Central Asia Metals plc reiterated production guidance for the fiscal 2026. For the period, the company expects copper of 12,000 to 13,000 tonnes, Zinc-in-concentrate of 18,000 to 20,000 tonnes and lead-in-concentrate of 26,000 to 28,000 tonnes. Group 2026 exploration in Kazakhstan to include ~2,000 metres at Yuzhnoe and ~2,000 metres at Otyar in the Chingiz-Tarbagatay belt; drilling results expected by year end, supporting assessment of copper and polymetallic discovery potential. Tillkännagivande • Apr 15
Central Asia Metals plc, Annual General Meeting, May 18, 2026 Central Asia Metals plc, Annual General Meeting, May 18, 2026. Location: fieldfisher llp, riverbank house, 2 swan lane, ec4r 3tt, london United Kingdom Tillkännagivande • Mar 20
Central Asia Metals plc Proposes Final Dividend for the 12 Months Ended 31 December 2025, Payable on 29 June 2026 The Board of Central Asia Metals plc proposed a final dividend for 2025 of 7.5 pence per Ordinary Share for the 12 months ended 31 December 2025. This would bring total dividends (proposed and declared) for the year to 12 pence per share (2024: 18 pence per share) which represents 50% of free cash flow. Subject to the conditions below being satisfied, the final dividend will be payable on 29 June 2026 to shareholders registered on 5 June 2026. Tillkännagivande • Jan 08
Central Asia Metals plc Provides Production Guidance for the Full Year 2026 Central Asia Metals plc provided production guidance for the full year 2026. For the year, the company expects production guidance of Copper of 12,000 tonnes to 13,000 tonnes; Zinc-in-concentrate of 18,000 tonnes to 20,000 tonnes; Lead-in-concentrate of 26,000 tonnes to 28,000 tonnes. Board Change • Dec 30
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 4 highly experienced directors. Independent Non-Executive Director Alison Baker was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • Dec 12
Central Asia Metals plc to Report Fiscal Year 2025 Results on Mar 19, 2026 Central Asia Metals plc announced that they will report fiscal year 2025 results on Mar 19, 2026 Tillkännagivande • Oct 10
Central Asia Metals plc Provides Production Guidance for the Fiscal Year 2025 Central Asia Metals plc provided production guidance for the Fiscal year 2025. for the period, Company expects Copper production of 13,000 to 14,000 tonnes. Zinc-in-concentrate production of 17,000 to 19,000 tonnes. Lead-in-concentrate production of 25,000 to 27,000 tonnes. Tillkännagivande • Jul 10
Central Asia Metals plc Revises Production Guidance for the Full Year of 2025 Central Asia Metals plc revised production guidance for the full year of 2025. For the year, the company expects copper of 13,000 to 14,000 tonnes reiterated, zinc-in-concentrate revised to 17,000 to 19,000 tonnes, and lead-in-concentrate revised to 25,000 to 27,000 tonnes. Tillkännagivande • May 21
Central Asia Metals plc (AIM:CAML) entered into a definitive Scheme Implementation Deed to acquire New World Resources Limited (ASX:NWC) for approximately AUD 180 million. Central Asia Metals plc (AIM:CAML) entered into a definitive Scheme Implementation Deed to acquire New World Resources Limited (ASX:NWC) for approximately AUD 180 million on May 21, 2025. Central Asia Metals plc will acquire 3.5 billion shares at a price of AUD 0.05 per share and AUD 1.3 million were paid towards the options. The transaction is immediately accretive to Central Asia Metals plc's NAV per share based on analysts' consensus NAV per share estimates for Central Asia Metals plc and the Antler Project PFS. The Transaction is to be funded from existing cash reserves and approximately AUD 190 million ($120 million) new credit facility from a syndicate of leading international lending banks. If the transaction is terminated by New World Resources Limited, then the company must pay the termination fee of AUD 1.9 million to Central Asia Metals plc and simultaneously, if Central Asia Metals plc terminates the transaction, then the company must pay the termination fee of AUD 1.9 million to New World Resources Limited.
The transaction is subject to receipt of specified US and North Macedonian regulatory approvals, An independent expert concluding and continuing to conclude that the Transaction, the approval of New World Resources Limited shareholders and requisite Australian Court approval. The deal has been unanimously approved by the board of directors of Central Asia Metals plc and New World Resources Limited. The board of directors of New World Resources Limited consider that the Scheme is in the best interests of its shareholders and unanimously recommend that shareholders vote in favor of the Scheme. Scheme meeting is expected to be held in August 2025, and the Transaction is expected to be implemented in early September 2025.
Thomas Rider, Pascal Lussier Duquette and Jonathan Reard of BMO Capital Markets Limited acted as exclusive financial advisor to Central Asia Metals plc. Mayer Brown LLP and Mayer Brown International LLP acted as legal advisor for US and UK counsel to Central Asia Metals plc. Clayton Utz acted as legal advisor for Australian counsel to Central Asia Metals plc. Ross Allister, David McKeown and Emily Bhasin of Peel Hunt LLP acted as financial advisor to Central Asia Metals plc. Sternship Advisers Pty Ltd. acted as financial advisor to New World Resources Limited. National Bank Financial, Inc. acted as financial advisor to New World Resources Limited. Hamilton Locke Pty Ltd acted as legal advisor to New World Resources Limited. Dorsey & Whitney LLP acted as legal advisor to New World Resources Limited. Automic Pty Ltd. acted as registrar to New World Resources Limited. Tillkännagivande • May 15
Central Asia Metals plc Approves Final Dividend for Year Ended 31 December 2024 Central Asia Metals plc at its AGM held on May 15, 2025, approved to declare a final dividend for the year ended 31 December 2024 of 9 pence per share. Tillkännagivande • Apr 16
Central Asia Metals plc, Annual General Meeting, May 15, 2025 Central Asia Metals plc, Annual General Meeting, May 15, 2025. Location: the geological society, burlington house, piccadilly, w1j 0bg, london United Kingdom Tillkännagivande • Apr 10
Guardian Metal Sales, Inc. completed the acquisition of 76.10% stake in Copper Bay Limited from Central Asia Metals plc (AIM:CAML) for $7.5 million. Guardian Metal Sales, Inc. agreed to acquire 76.10% stake in Copper Bay Limited from Central Asia Metals plc (AIM:CAML) in February 2025. The whole consideration is contingent on the potential future production of copper. Completion of the sale is expected in March 2025. Copper Bay Limited was held for sale during the reporting period.
Guardian Metal Sales, Inc. completed the acquisition of 76.10% stake in Copper Bay Limited from Central Asia Metals plc (AIM:CAML) for $7.5 million on April 9, 2025. The consideration for CAML's 76.1% interest will be its pro rata share of the overall consideration for 100% of CBL, which comprises a total of $7.5 million in cash payable in two equal deferred instalments. The first instalment of $3.75 million will become payable on the production of 7,500 tonnes of copper (either in cathode or concentrate form) by the CBL assets, and the balance of $3.75 million will become payable when that production reaches 15,000 tonnes. GMP's acquisition of CAML's 76.1% shareholding has triggered compulsory 'drag' rights over the remaining 23.9% held by minority shareholders, and that interest has also been acquired by GMP.
Ross Allister, David McKeown, and Emily Bhasin of Peel Hunt LLP acted as financial advisor for Central Asia Metals plc. Argent Partners Limited acted as financial advisor for Central Asia Metals plc. Tillkännagivande • Apr 08
Central Asia Metals plc Reiterates Earnings Guidance for the FY2025 Central Asia Metals plc reiterated production guidance for the full year of 2025. For the year, the company expects copper production to be between 13,000 to 14,000 tonnes, Zinc-in-concentrate production to be between 19,000 to 21,000 tonnes, and lead-in-concentrate production to be between 27,000 to 29,000 tonnes. Tillkännagivande • Jan 09
Central Asia Metals plc Provides Production Guidance for the Full Year of 2025 Central Asia Metals plc provided production guidance for the full year of 2025. For the year, the company expects copper production to be between 13,000 tonnes to 14,000 tonnes with guidance maintained at the level of the preceding year. Sasa guidance is also maintained for 2025, at 790,000 to 810,000 tonnes of ore mined and processed, and metal-in-concentrate production of 19,000 to 21,000 tonnes of zinc and 27,000 to 29,000 tonnes of lead. Tillkännagivande • Oct 25
Central Asia Metals plc to Report Fiscal Year 2024 Results on Mar 20, 2025 Central Asia Metals plc announced that they will report fiscal year 2024 results on Mar 20, 2025 Declared Dividend • Sep 12
First half dividend of UK£0.09 announced Shareholders will receive a dividend of UK£0.09. Ex-date: 26th September 2024 Payment date: 22nd October 2024 Dividend yield will be 9.5%, which is higher than the industry average of 4.8%. Sustainability & Growth Dividend is not covered by earnings (103% earnings payout ratio). However, it is covered by cash flows (75% cash payout ratio). The dividend has increased by an average of 5.7% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 14% to bring the payout ratio under control. EPS is expected to grow by 43% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Tillkännagivande • May 28
Central Asia Metals plc to Report First Half, 2024 Results on Sep 10, 2024 Central Asia Metals plc announced that they will report first half, 2024 results on Sep 10, 2024 Upcoming Dividend • Apr 18
Upcoming dividend of UK£0.09 per share Eligible shareholders must have bought the stock before 25 April 2024. Payment date: 22 May 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 8.5%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (4.0%). Tillkännagivande • Apr 11
Central Asia Metals plc Provides Production Guidance for the Full Year of 2024 Central Asia Metals plc provided production guidance for the full year of 2024. For the year, the company expects copper production to be between 13,000 tonnes to 14,000 tonnes. Zinc in concentrate production to be between 19,000 tonnes to 21,000 tonnes. Lead in concentrate production to be between 27,000 tonnes to 29,000 tonnes. Declared Dividend • Mar 27
Final dividend of UK£0.09 announced Shareholders will receive a dividend of UK£0.09. Ex-date: 25th April 2024 Payment date: 22nd May 2024 Dividend yield will be 9.0%, which is higher than the industry average of 4.8%. Sustainability & Growth Dividend is not covered by earnings (112% earnings payout ratio) nor is it covered by cash flows (103% cash payout ratio). The dividend has increased by an average of 6.0% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 24% to bring the payout ratio under control. EPS is expected to grow by 49% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • Mar 26
Full year 2023 earnings released: EPS: US$0.20 (vs US$0.19 in FY 2022) Full year 2023 results: EPS: US$0.20 (up from US$0.19 in FY 2022). Revenue: US$195.3m (down 12% from FY 2022). Net income: US$37.4m (up 9.9% from FY 2022). Profit margin: 19% (up from 15% in FY 2022). The increase in margin was driven by lower expenses. Revenue is expected to decline by 1.3% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Europe are expected to grow by 1.1%. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Tillkännagivande • Jan 22
Central Asia Metals plc, Annual General Meeting, May 17, 2024 Central Asia Metals plc, Annual General Meeting, May 17, 2024. Buying Opportunity • Dec 23
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 12%. The fair value is estimated to be €2.57, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has declined by 9.3%. For the next 3 years, revenue is forecast to grow by 1.3% per annum. Earnings is also forecast to grow by 40% per annum over the same time period. Tillkännagivande • Oct 10
Central Asia Metals plc Provides Production Guidance for the Full Year 2023 Central Asia Metals plc provided production guidance for the full year 2023. For the period, Company expects Copper production of 13,000 to 14,000 tonnes, Zinc in concentrate of 19,000 to 21,000 tonnes and Lead in concentrate of 27,000 to 29,000 tonnes. Buying Opportunity • Oct 03
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 1.9%. The fair value is estimated to be €2.68, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has declined by 9.3%. For the next 3 years, revenue is forecast to grow by 0.6% per annum. Earnings is also forecast to grow by 37% per annum over the same time period. Upcoming Dividend • Sep 21
Upcoming dividend of UK£0.09 per share at 8.7% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 20 October 2023. The company is paying out more than 100% of its profits and is paying out 90% of its cash flow. Trailing yield: 8.7%. Within top quartile of German dividend payers (4.8%). In line with average of industry peers (8.5%). Reported Earnings • Sep 17
First half 2023 earnings released: EPS: US$0.11 (vs US$0.30 in 1H 2022) First half 2023 results: EPS: US$0.11 (down from US$0.30 in 1H 2022). Revenue: US$93.6m (down 18% from 1H 2022). Net income: US$20.8m (down 61% from 1H 2022). Profit margin: 22% (down from 47% in 1H 2022). Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Tillkännagivande • Sep 15
Central Asia Metals plc Declares an Interim Dividend, Payable on 20 October 2023 The board of Central Asia Metals plc declared an interim dividend of 9 pence per ordinary share. This represents 82% of its $24.1 million adjusted FCF. This dividend will be paid on 20 October 2023 to shareholders registered on 29 September 2023. Upcoming Dividend • Apr 20
Upcoming dividend of UK£0.10 per share at 8.6% yield Eligible shareholders must have bought the stock before 27 April 2023. Payment date: 23 May 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 8.6%. Within top quartile of German dividend payers (4.7%). In line with average of industry peers (8.2%). Reported Earnings • Mar 30
Full year 2022 earnings released: EPS: US$0.19 (vs US$0.48 in FY 2021) Full year 2022 results: EPS: US$0.19 (down from US$0.48 in FY 2021). Revenue: US$220.9m (down 1.1% from FY 2021). Net income: US$34.0m (down 60% from FY 2021). Profit margin: 15% (down from 38% in FY 2021). Production and reserves: Zinc Production: 21,473 t (22,167 t in FY 2021) Proved and probable reserves (ore): 8.8 Mt (9.5 Mt in FY 2021) Number of mines: 1 (1 in FY 2021) Lead Production: 27,354 t (27,202 t in FY 2021) Proved and probable reserves (ore): 8.8 Mt (9.5 Mt in FY 2021) Number of mines: 1 (1 in FY 2021) Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 1.5% decline forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 23% per year. Reported Earnings • Mar 30
Full year 2022 earnings released: EPS: US$0.19 (vs US$0.48 in FY 2021) Full year 2022 results: EPS: US$0.19 (down from US$0.48 in FY 2021). Revenue: US$220.9m (down 1.1% from FY 2021). Net income: US$34.0m (down 60% from FY 2021). Profit margin: 15% (down from 38% in FY 2021). Production and reserves: Zinc Production: 21,473 t (22,167 t in FY 2021) Proved and probable reserves (ore): 8.8 Mt (9.5 Mt in FY 2021) Number of mines: 1 (1 in FY 2021) Lead Production: 27,354 t (27,202 t in FY 2021) Proved and probable reserves (ore): 8.8 Mt (9.5 Mt in FY 2021) Number of mines: 1 (1 in FY 2021) Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 1.5% decline forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 23% per year. Board Change • Nov 17
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Senior Independent Non-Executive Director Mike Prentis was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Nov 12
Investor sentiment improved over the past week After last week's 20% share price gain to €2.96, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 6x in the Metals and Mining industry in Europe. Total returns to shareholders of 54% over the past three years. Upcoming Dividend • Sep 22
Upcoming dividend of UK£0.10 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 21 October 2022. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 9.9%. Within top quartile of German dividend payers (5.1%). In line with average of industry peers (10%). Reported Earnings • Sep 15
First half 2022 earnings released: EPS: US$0.30 (vs US$0.17 in 1H 2021) First half 2022 results: EPS: US$0.30 (up from US$0.17 in 1H 2021). Revenue: US$113.8m (up 13% from 1H 2021). Net income: US$53.4m (up 73% from 1H 2021). Profit margin: 47% (up from 31% in 1H 2021). The increase in margin was primarily driven by lower expenses. Revenue is forecast to stay flat during the next 3 years compared to a 3.2% decline forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Aug 23
Central Asia Metals plc to Report First Half, 2022 Results on Sep 14, 2022 Central Asia Metals plc announced that they will report first half, 2022 results on Sep 14, 2022 Valuation Update With 7 Day Price Move • Jul 15
Investor sentiment deteriorated over the past week After last week's 18% share price decline to €2.10, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 4x in the Metals and Mining industry in Europe. Total returns to shareholders of 11% over the past three years. Tillkännagivande • Jul 12
Central Asia Metals plc Provides Production Guidance for the Full Year of 2022 Central Asia Metals plc provided production guidance for the full year of 2022. For the year, company expects Copper, towards the top end of the 12,500 tonnes to 13,500 tonnes guidance range, Zinc in concentrate, 20,000 tonnes to 22,000 tonnes and Lead in concentrate, 27,000 tonnes to 29,000 tonnes. Board Change • May 31
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Non-Executive Director Mike Prentis was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • May 27
Central Asia Metals plc Announces Board Changes Central Asia Metals PLC announced that at its annual general meeting held on May 26, 2022 approved the resolution of Non-Executive Director, Robert Cathery, has retired from the Board and Louise Wrathall has joined the Board as an Executive Director. Valuation Update With 7 Day Price Move • May 11
Investor sentiment deteriorated over the past week After last week's 18% share price decline to €2.66, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 4x in the Metals and Mining industry in Europe. Total returns to shareholders of 28% over the past three years. Upcoming Dividend • Apr 29
Upcoming dividend of UK£0.12 per share Eligible shareholders must have bought the stock before 05 May 2022. Payment date: 30 May 2022. Payout ratio is a comfortable 57% and this is well supported by cash flows. Trailing yield: 8.8%. Within top quartile of German dividend payers (4.0%). Higher than average of industry peers (7.9%). Tillkännagivande • Apr 22
Central Asia Metals plc, Annual General Meeting, May 26, 2022 Central Asia Metals plc, Annual General Meeting, May 26, 2022, at 11:00 Coordinated Universal Time. Location: The Geological Society, Burlington House, Piccadilly London, W1J 0BG London United Kingdom Reported Earnings • Mar 30
Full year 2021 earnings released: EPS: US$0.48 (vs US$0.25 in FY 2020) Full year 2021 results: EPS: US$0.48 (up from US$0.25 in FY 2020). Revenue: US$223.4m (up 40% from FY 2020). Net income: US$84.2m (up 93% from FY 2020). Profit margin: 38% (up from 27% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 1.5% compared to a 32% growth forecast for the mining industry in Germany. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Tillkännagivande • Jan 12
Central Asia Metals plc Provides Production Guidance for the Year 2022 Central Asia Metals plc provided production guidance for the year 2022. For the year, the company expected to produce copper of 12,500 to 13,500 tonnes, Zinc in concentrate, 20,000 to 22,000 tonnes and Lead in concentrate, 27,000 to 29,000 tonnes. Upcoming Dividend • Sep 23
Upcoming dividend of UK£0.08 per share Eligible shareholders must have bought the stock before 30 September 2021. Payment date: 22 October 2021. Trailing yield: 6.7%. Within top quartile of German dividend payers (3.2%). In line with average of industry peers (7.0%). Reported Earnings • Sep 16
First half 2021 earnings released: EPS US$0.17 (vs US$0.10 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: US$100.8m (up 42% from 1H 2020). Net income: US$31.0m (up 69% from 1H 2020). Profit margin: 31% (up from 26% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Upcoming Dividend • Apr 24
Upcoming dividend of UK£0.08 per share Eligible shareholders must have bought the stock before 29 April 2021. Payment date: 25 May 2021. Trailing yield: 5.8%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (4.6%). Reported Earnings • Apr 17
Full year 2020 earnings released: EPS US$0.25 (vs US$0.29 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: US$160.1m (down 6.8% from FY 2019). Net income: US$43.7m (down 16% from FY 2019). Profit margin: 27% (down from 30% in FY 2019). The decrease in margin was driven by lower revenue. Tillkännagivande • Apr 13
Central Asia Metals plc Provides Production Guidance for the Full Year of 2021 Central Asia Metals plc provided production guidance for the full year of 2021. For the year, the company expects copper production to be in the range of 12,500 to 13,500 tonnes. Zinc in concentrate is expected to be in the range of 23,000 to 25,000 tonnes. Lead in concentrate is expected to be in the range of 30,000 to 32,000 tonnes. Reported Earnings • Apr 01
Full year 2020 earnings released: EPS US$0.25 (vs US$0.29 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: US$160.1m (down 6.8% from FY 2019). Net income: US$43.7m (down 16% from FY 2019). Profit margin: 27% (down from 30% in FY 2019). The decrease in margin was driven by lower revenue. Tillkännagivande • Mar 10
Central Asia Metals plc to Report Fiscal Year 2020 Results on Mar 30, 2021 Central Asia Metals plc announced that they will report fiscal year 2020 results on Mar 30, 2021 Is New 90 Day High Low • Feb 20
New 90-day high: €3.06 The company is up 44% from its price of €2.12 on 20 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 66% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.96 per share. Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improved over the past week After last week's 15% share price gain to US$3.06, the stock is trading at a trailing P/E ratio of 14.8x, up from the previous P/E ratio of 12.9x. This compares to an average P/E of 15x in the Metals and Mining industry in Europe. Total returns to shareholders over the past year are 26%. Recent Insider Transactions • Jan 14
Independent Non-Executive Director recently sold €2.1m worth of stock On the 11th of January, Robert Cathery sold around 750k shares on-market at roughly €2.78 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €2.0m more than they bought in the last 12 months. Is New 90 Day High Low • Jan 07
New 90-day high: €2.75 The company is up 44% from its price of €1.91 on 09 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 48% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.55 per share. Is New 90 Day High Low • Dec 12
New 90-day high: €2.44 The company is up 25% from its price of €1.95 on 11 September 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.78 per share. Is New 90 Day High Low • Nov 12
New 90-day high: €2.06 The company is up 11% from its price of €1.86 on 14 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.39 per share. Reported Earnings • Sep 18
First half earnings released Over the last 12 months the company has reported total profits of US$42.9m, down 20% from the prior year. Total revenue was US$157.0m over the last 12 months, down 14% from the prior year. Tillkännagivande • Sep 17
Central Asia Metals plc Updates Regarding Sasa's Tailings Storage Facility 4 Central Asia Metals plc announced an update following the 14 September 2020 leakage at its Sasa TSF4. Following approval from the North Macedonian environmental authorities, the Sasa mine and processing plant will now recommence operations. This has been possible due to the identification of an area of storage capacity in the previous tailings facility, TSF3.2. The authorities have agreed to the placement of tailings generated for up to 10 days being stored in TSF3.2. It is currently anticipated that TSF4 could be repaired and secured within approximately one to two weeks and initial remedial works are underway. In addition, the Company is working closely with the authorities to ensure that any environmental damage is addressed as soon as possible. The exact cause of the incident is not yet confirmed, and the investigation is still underway comprising CAML's Chief Operating Officer and Sustainability Director, the Sasa team, national experts and the North Macedonian authorities. The Company has also retained the services of global consultants, Knight Piésold Limited. In addition to the structural dam repairs that are underway, the causes of the incident must be fully understood in order to implement any necessary engineering solutions for the future ahead of the facility reopening. Tillkännagivande • Sep 02
Central Asia Metals plc to Report First Half, 2020 Results on Sep 16, 2020 Central Asia Metals plc announced that they will report first half, 2020 results on Sep 16, 2020 
