October 5, 2018 / 7:53 AM / 17 days ago

BUZZ-Centamin: Bottom of FTSE Midcap after production forecast cut

Oct 5 (Reuters) - ** Egypt-focused gold miner’s shares down about 7 pct after co cuts annual production target for the second time this year

** 2018 production target of about 480,000 oz vs prior target of 505,000-515,000 oz

** Q3 gold production falls 24.8 pct due to delays in planned operational improvements; misses Jefferies’ estimates by 15 pct

** CEY shares down >31 pct YTD; worst performer on the FTSE Midcap Index

Reporting by Tanishaa Nadkar in Bengaluru

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