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Central Asia Metals

CAML · AIM · Basic Resources · mcap £262m · 153.8p

The company runs the Kounrad copper recovery operation in Kazakhstan and the Sasa zinc and lead mine in North Macedonia. It also holds exploration interests in Scotland, Kazakhstan and Quebec.

Recent signals

Positive 8 Oct 2026

Morgan Stanley and FIL built stakes above 6% and 9%

Institutional holders increased disclosed holdings during 2026. 8 Oct 2026 6 Feb 2026

Mixed 23 Sep 2026

Material all-share acquisition of Cygnus agreed; TSX listing conditionally approved

Adds Canadian copper-gold project and North American investor base, but completion awaits Kazakhstan approval and delays. 23 Sep 2026 1 Sep 2026 2 Jun 2026

Positive 26 Aug 2026

H1 2026 EBITDA up 89% and interim dividend 8p versus 4.5p

High metal prices and Sasa improvements lifted cash flow; net cash $96.3m. 26 Aug 2026

Positive 8 Jun 2026

Non-executive director Alison Baker bought shares in June 2026

Small open-market purchase of about £10k. 8 Jun 2026

Positive 11 May 2026

Share premium cancellation creates distributable reserves for dividends and buybacks

Supports future shareholder returns. 11 May 2026 10 Mar 2026

Capital actions
  • 2026-06-02 acquisition · A$232m – All-share acquisition of Cygnus Metals at 0.06 new CAML shares per Cygnus share 2 Jun 2026
  • 2025-09-10 buyback programme · $10.0m – Share buyback of up to $10m to run to 31 March 2026; completed early 2026 10 Sep 2025
  • 2025-04-09 disposal · $7.5m – Sale of 76.1% of Copper Bay project to Guardian Metals, paid on production milestones 9 Apr 2025
  • 2024-06-03 acquisition · £3m – 28.7% stake in Aberdeen Minerals at 8.5p per share, plus warrants for £2m 3 Jun 2024

From the company's own announcements · not investment advice

Company filings. Not investment advice.

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