Last checked at 9 Mar 2016 07:45
Central Asia Metals PLC - Initiation research from QuotedData
9th March 2016
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 generous dividend each year from cash earnings, currently 8.6% yield, something of a novelty for a junior mining company and has returned to shareholders all the funds it raised (US$60 million) in its 2010 IPO (initial public offering). CAML's main asset is its Kazakhstan-based Kounrad copper-recovery plant, which recovers copper from waste originating from the Kounrad open-pit copper mine, giving it some of the lowest costs in the industry.
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