Updates

Centamin Egypt

September 2011

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.

The shares fell sharply before partially recovering after Centamin released disappointing Q2 results. Although Centamin did increase profits from US$19.1m in Q2 2010 to US$48.2m, the chief bugbear was a downward revision to the full-year production guidance to 200-210,000 oz at a cash cost of US$550 / oz, which is up from US$450 / oz. Production was affected by the supply of blasting product being constrained by government blast inspectors. The company is confident that the issuing of explosives will normalise in Q3 but the lost progress has resulted in the downgrade. The company did start commercial production from the underground and is now expecting lower volumes at higher grades as the mining methods have now been defined. ...

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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 (March 2012)

Centamin Egypt (December 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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