CEY is a gold mining company operating in Egypt. It was ordered by the Egyptian Government to stop drilling pending a legal dispute brought against the company by a government minister.

Since then, the whole Government cabinet was replaced a few months ago and the minister now in charge of Mining is believed to be positive on Western investment in the country. CEY are pushing for this minister to allow them to continue drilling ASAP; investers are waiting....patiently.

As soon as the company gets the go-ahead to continue drilling, the share price will move north; CEY has plenty of gold in this mine and it is (apparantly) the case of "raking" it out rather than drilling for it!

Check them out...worthy of a punt.

StockMarketWire.com
Centamin said preliminary total gold production for Q4 at the SUkari Gold Mine in Egypt was 117,644 oz, down 8% on the year. FY output was 439,072 oz, a 16% hike on 2014 and within guidance of 430,000-440,000 oz for 2015.

Open pit total material movement decreased 4% on the previous quarter to 13,754kt with open pit ore production increasing by 1% to 2,229kt. The run of mine ore stockpile balance decreased by 328kt to 704kt at the end of the period.

During the quarter an unfortunate incident occurred within the open pit operation, when a contractor's employee was involved in a rock collapse whilst relocating a grade control drill rig. The operator, and sole occupant of the drill rig, was fatally injured in the incident.

A full review of the relevant operating procedures has been completed, subsequent to which open pit mining rates have increased towards target levels.

The underground operation delivered 300kt of ore, a 4% decrease on Q3 2015.

Quarterly throughput at the process plant was 2,758kt, a 3% increase on the previous quarter and in line with our target rate of 11 million tonnes per annum (Mtpa).

Investec today reaffirms its buy investment rating on Centamin PLC (LON:CEY) and raised its price target to 76p (from 66p).

Suspect broker targets might be adjusted upwards if gold becomes a safe haven for investors.

Three and a half year high @90.35p.

Looking at the 5 year chart and assuming sentiment doesn't change, 100p looks very likely, imo.

92p and still climbing!

Your quid is getting closer Harry!

Yep. Probably time to take profit for those that had the foresight to buy around the 60p level.......sadly not me!

I bought at 63.40p - but it was 3 years ago!

Are you still holding skinny, or have you cashed in? Sp seems to have got a little bit ahead of itself!

I'm still holding - a bit like an old friend after all this time :-)

A bit late to the party.......:

Numis today reaffirms its hold investment rating on Centamin PLC (LON:CEY) and raised its price target to 100p (from 60p).

Posted by Katie Priceless

CEY Toronto exchange at 21.42 our time. % Change +2.94%

CEY Toronto exchange at 21.42 our time. % Change +2.94%

Another attempt at a quid?

StockMarketWire.com
Centamin's revenues rose to $508.4m in the year to the end of December - up from $472.6m last time.

But EBITDA fell to $152.2m from $165.5m and pre-tax profits of $58.4m were down from $81.6m a year ago.

Production rose to 439,072 ounces, a 16% increase on 2014 and within the revised guidance range. Q4 2015 production of 117,644 ounces was within Sukari's target annualised rate of 450,000 to 500,000 ounces.

Cash operating costs of US$713 per ounce was down from US$729 per ounce in 2014, mainly due to lower fuel prices, although marginally above guidance US$700 per ounce despite higher production than originally forecast.

Chairman Josef El-Raghy said: "During 2015 Centamin has maintained its strategic focus on generating shareholder returns and value-accretive growth, despite the continued gold price weakness and widespread challenges across the industry.

"Our flagship Sukari Gold Mine has continued to deliver substantial free cash flows, driven by a sixth successive year of production growth and industry competitive costs. The strong performance of our core asset, together with the Company's robust financial position, allowed the board of directors to approve an interim 2015 payment of 0.97 US cents per share (versus a 2014 interim payment of 0.87 US cents per share). I am now pleased to announce the approval of a final dividend for 2015 of 1.97 US cents per share. This represents a full year pay-out of approximately US$33.7 million, which sits at the top end of our dividend policy to pay out 15-30% of our net free cash flow."

Goldman Sachs today downgrades its investment rating on Centamin PLC (LON:CEY) to conviction buy (from buy) and raised its price target to 110p (from 80p).

I assume that means from "conviction buy" to "buy"?

Numis today upgrades its investment rating on Centamin PLC (LON:CEY) to add (from hold) and left its price target at 100p.