Updates

Centamin Egypt

March 2012

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Centamin has again progressed from its earlier travails with gold reserves increasing by 1 million oz to 10.1m oz while Q4 production at its Sukari gold mine in Egypt rose 17% ahead of the previous quarter to 58,965 oz. Cash operating costs fell 26% to US$473 / oz while the average sale price received was US$1,671 / oz. For the full year gold production was 202,698 oz at cash cost of US$556 / oz, a 35% increase over 2010. In terms of the financials, Q4 operating profit was US$37.5m, 103% above the previous year, while eps for the full year was 17 cents. Net cash at the year-end was US$200m. Encouragingly, stage 4 plant expansion (a doubling of plant ore output to 10 mtpa) is on track for commissioning in Q1 2013, wit ...

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Cape - Shares bounce by 130p

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Centamin Egypt - Well-financed beneficiary of high gold prices (August 2020)

Centamin Egypt (January 2013)

Centamin Egypt - Removal of political uncertainty should herald re-rating (October 2012)

Centamin Egypt (December 2011)

Centamin Egypt (September 2011)

Centamin Egypt - Update boosts sentiment (May 2011)

Centamin Egypt - Reassuring update (March 2011)

Centamin Egypt - Set to become 600k oz gold by 2015 (December 2010)

Centamin Egypt - On track to become 500k oz gold producer (November 2010)

Centamin Egypt - Exciting new gold producer targeting half million oz by 2012 (December 2009)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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