Edition:
United States

Centamin PLC (CEY.L)

CEY.L on London Stock Exchange

102.95GBp
18 Oct 2018
Change (% chg)

-2.75 (-2.60%)
Prev Close
105.70
Open
104.45
Day's High
105.17
Day's Low
101.71
Volume
4,126,041
Avg. Vol
6,922,087
52-wk High
168.15
52-wk Low
84.74

Latest Key Developments (Source: Significant Developments)

Centamin Cuts FY Gold Production Guidance To 480,000 Ounces
Friday, 5 Oct 2018 02:00am EDT 

Oct 5 (Reuters) - Centamin PLC ::CENTAMIN PLC - GOLD PRODUCTION FOR Q3 WAS 117,720 OUNCES, A 27% IMPROVEMENT ON Q2.CENTAMIN PLC - IN Q4, EXPECT IMPROVEMENTS TO BE SUSTAINED AND PRODUCTION IN REGION OF 145,000 OUNCES.CENTAMIN PLC - SEES TOTAL 2018 ANNUAL PRODUCTION OF APPROXIMATELY 480,000 OUNCES.  Full Article

Centamin Says 2018 Production Guidance Sukari Revised To Between 505,000 - 515,000 Ounces
Friday, 25 May 2018 02:01am EDT 

May 25 (Reuters) - Centamin PLC ::PRODUCTION GUIDANCE FOR 2018 FROM SUKARI HAS BEEN REVISED TO BETWEEN 505,000 AND 515,000 OUNCES,.FOR SUKARI SEES 2018 CASH COST OF PRODUCTION OF US$625 TO US$640 PER OUNCE PRODUCED AND AN ALL-IN-SUSTAINING COST OF US$875 TO US$890 PER OUNCES SOLD..UPDATED MINE PLAN FORECASTS A WEAKER Q2 AND STRONG Q3 AND Q4 PRODUCTION PROFILE..OPEN PIT TOTAL TONNAGE MINED CONTINUES TO BE AHEAD OF SCHEDULE..GRADES FROM OPEN PIT ARE FORECAST TO INCREASE IN Q3 AS PREVIOUSLY REPORTED WITHIN Q1 RESULTS..TOTAL UNDERGROUND PRODUCTION IS APPROXIMATELY 10% BELOW FORECAST..  Full Article

Centamin Announces Retirement Of Executive Chairman​ Josef El-Raghy
Thursday, 11 Jan 2018 02:00am EST 

Jan 11 (Reuters) - Centamin Plc ::‍APPOINTMENT OF ROSS JERRARD, CURRENT CFO, TO BOARD EFFECTIVE FEB 5 .TO ‍ANNOUNCE SUCCESSOR TO EXECUTIVE CHAIRMAN​ EL-RAGHY BY END OF JUNE 2018 .‍RETIREMENT OF JOSEF EL-RAGHY, EXECUTIVE CHAIRMAN​.‍JOSEF HAS INFORMED BOARD THAT HE INTENDS TO RETIRE AS EXECUTIVE CHAIRMAN BY END OF 2018​.  Full Article

Centamin Says 2017 Gold Production Beats Guidance
Wednesday, 10 Jan 2018 02:25am EST 

Jan 10 (Reuters) - Centamin Plc ::CENTAMIN PLC - ‍2017 FULL YEAR GOLD PRODUCTION WAS 544,658 OUNCES, ABOVE GUIDANCE OF 540,000 OUNCES​.CENTAMIN PLC - ‍GOLD PRODUCTION FOR Q4 2017 WAS 154,298 OUNCES, A 1.4% REDUCTION QUARTER ON QUARTER ("QOQ") AND A 12.8% INCREASE YEAR ON YEAR​.CENTAMIN - ‍GOLD PRODUCTION GUIDANCE FOR 2018 FROM SUKARI IS 580,000 OUNCES.CENTAMIN PLC - ‍FORECAST CASH COST OF PRODUCTION FOR 2018 OF US$555 PER OUNCE AND ALL-IN-SUSTAINING COST OF US$770 PER OUNCE​.  Full Article

Centamin says Q3 pretax profit $75.5 million vs $93.7 mln yr ago
Thursday, 2 Nov 2017 03:00am EDT 

Nov 2 (Reuters) - Centamin Plc ::Q3 PRETAX PROFIT 75.5 MILLION USD VERSUS 93.7 MILLION USD YEAR AGO.CENTAMIN PLC - Q3 ‍RECORD QUARTERLY GOLD PRODUCTION OF 156,533 OUNCES WAS A 26% INCREASE ON Q2 2017 AND 5% HIGHER THAN Q3 2016.​.CENTAMIN - ‍Q3 2017 CASH COST OF PRODUCTION AND AISC IN UNIT CASH COST OF PRODUCTION OF US$483 PER OUNCE PRODUCED AND UNIT AISC OF US$732 PER OUNCE SOLD​.‍FULL YEAR 2017 GUIDANCE MAINTAINED AT 540,000 OUNCES, WITH US$580 PER OUNCE CASH COST OF PRODUCTION AND US$790 PER OUNCE AISC​.CENTAMIN PLC - Q3 ‍QUARTERLY THROUGHPUT OF 3.0 MILLION TONNES FROM SUKARI PROCESS PLANT, A SLIGHT DECREASE OF 2% ON Q2 2017 AND AN INCREASE OF 7% ON Q3 2016 PERFORMANCE​.‍Q3 2017 EBITDA OF US$103.6 MILLION UP 57% FROM Q2 2017 DUE TO AN INCREASE IN BOTH SALES VOLUMES AND AVERAGE REALISED GOLD PRICE​.‍STRONG CASH FLOW GENERATION WITH FREE CASH FLOW GENERATION OF US$45 MILLION IN Q3, US$96 MILLION YEAR TO DATE​.CENTAMIN PLC - Q3 BASIC EARNINGS PER SHARE (AFTER PROFIT SHARE) OF 3.41 US CENTS, AN INCREASE FROM 1.10 US CENTS IN Q2 2017​.‍Q3 GOLD PRODUCTION FROM SUKARI OF 156,533 OUNCES WAS A 26% INCREASE ON Q2 2017​.  Full Article

Centamin interim dividend up 25 percent to $0.025 per share
Thursday, 3 Aug 2017 02:00am EDT 

Aug 3 (Reuters) - Centamin Plc ::INTERIM DIVIDEND UP 25 PERCENT TO 0.025 USDPER SHARE.Q2 GOLD PRODUCTION OF 124,641 OUNCES WAS A 14% INCREASE ON Q1 2017 AND 11% LOWER THAN Q2 2016..Q2 CASH COST OF PRODUCTION AND AISC REMAIN WELL CONTROLLED; UNIT CASH COST OF PRODUCTION OF US$609 PER OUNCE AND UNIT AISC OF US$829 PER OUNCE SOLD.FULL YEAR 2017 GUIDANCE MAINTAINED AT 540,000 OUNCES, WITH US$580 PER OUNCE CASH COST OF PRODUCTION AND US$790 PER OUNCE AISC.QUARTERLY THROUGHPUT OF 3.06 MILLION TONNES FROM SUKARI PROCESS PLANT, AN INCREASE OF 5% ON Q1 2017 AND OF 4% ON Q2 2016 PERFORMANCE.Q2 EBITDA OF US$66 MILLION UP 24% FROM Q1 2017 DUE TO AN INCREASE IN BOTH SALES VOLUMES AND AVERAGE REALISED GOLD PRICE.CASH AT BANK, BULLION ON HAND, GOLD SALES RECEIVABLE AND AVAILABLE-FOR-SALE FINANCIAL ASSETS AS AT 30 JUNE 2017 OF US$333.6 MILLION.EGYPTIAN STATE HAS BENEFITTED DIRECTLY FROM PROFIT SHARE PAYMENTS TO EMRA OF US$41.2 MILLION DURING H1 2017 IN ADDITION TO US$8.7 MILLION IN ROYALTY PAYMENTS.QUARTERLY BASIC EARNINGS PER SHARE OF 1.10 US CENTS, A DECREASE ON Q1 2017 DUE TO NON-CASH AND NON-RECURRING ITEMS.  Full Article

Gold miner Centamin on track to deliver on FY production guidance of 540,000 ounces
Monday, 10 Jul 2017 02:00am EDT 

July 10 (Reuters) - Centamin Plc :Q2 2017 preliminary production results.Total gold production for quarter was 124,641 ounces, a 14 pct increase on previous quarter and 11 pct lower than Q2 2016.Maintains its 2017 production guidance of 540,000 ounces.Quarterly throughput rate of 3,056kt at process plant, a 5 pct increase on previous quarter.Run of mine ore stockpile balance increased by 152kt to 538kt at end of period.On course to meet FY 2017 production guidance of 540,000 ounces at cash operating cost of us$580/ ounce and AISC of us$790 per ounce.  Full Article

Miner Centamin's first-quarter pretax profit falls 28 pct
Wednesday, 3 May 2017 02:00am EDT 

May 3 (Reuters) - Centamin Plc : :Centamin plc results for the first quarter and three months ended 31 march 2017.Q1 gold production of 109,187 ounces was a 20 pct decrease on Q4 2016 and 13 pct lower than q1 2016 in line with company's forecast.Q1 cash cost of production of $734 per ounce and all-in sustaining costs (AISC) of $887 per ounce..Q1 Sukari underground mine delivered 252 thousand tonnes (kt) of ore, an 11 pct increase on Q4 2016, at a grade of 7.44g/t (down 29 pct on Q4 2016)..Full year 2017 guidance maintained at 540,000 ounces, with $580 per ounce cash cost of production and $790 per ounce AISC..Q1 pretax profit fell 28 percent to $29.5 million .Q1 EBITDA of $53.1 million was down 35 pct on Q4 2016, driven by a decrease in gold sales volumes in line with lower production.Remains debt-free and un-hedged with cash, bullion on hand, gold sales receivable and available-for-sale financial assets of $290.9 million at March 31 2017.Q1 revenues were 11 pct lower than previous quarter, due to a 12 pct reduction in gold sales volumes offset by a 2 pct rise in realised gold prices.  Full Article

Centamin says Q1 gold production down 13 pct, in line with co's guidance
Monday, 10 Apr 2017 02:00am EDT 

Centamin Plc : Centamin plc announces Q1 2017 preliminary production results . Preliminary total gold production for quarter was 109,187 ounces, a 20 pct decrease on previous quarter and 13 pct lower than Q1 2016 . Reduction in quarterly production is in line with Centamin's forecast . Company maintains its 2017 guidance of 540,000 ounces at a cash operating cost of $580 per ounce and all-in-sustaining cost (AISC) of us$790 per ounce . Run of mine ore stockpile balance decreased by 191kt to 386kt at end of period .Productivity rate was in line with our 2017 forecast of 1 million tonnes at 7.26g/t.  Full Article

Centamin forecasts higher gold production for 2017
Wednesday, 1 Feb 2017 02:00am EST 

Centamin Plc : Results for the year ended Dec. 31, 2016 . Production of 551,036 ounces, a 26 pct increase on 2015 and above revised guidance range . Cash cost of production of $513 per ounce, down from $713 per ounce in 2015 and below revised guidance range . All-in sustaining costs of $694 per ounce, down from $885 per ounce in 2015 . Basic earnings per share of 18.61 cents, up 313 pct on prior year . Record processing throughput of 11.6mt, an increase of 9 pct on 2015 and above our base case forecast rate of 11mtpa . 2017 guidance of 540,000 ounces of gold at $580 per ounce cash cost of production and $790 AISC .Remains debt-free and unhedged with cash, bullion on hand, gold sales receivable and available-for-sale financial assets of $428 million at Dec. 31, 2016, up 85 pct.  Full Article

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

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