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.

According to website gone 20th April alders.

ok , cheers

Well played Chris - you swine! :-)

Sorry skinners :0)

Closed half @ 110.15 initial target.

Closed mine at 110 for a 8p loss

Closed the other half 113.10. Back on watch list.

Macquarie today reaffirms its outperform investment rating on Centamin PLC (LON:CEY) and set its price target at 120p.

Five year high @146.10p

Macquarie Outperform 144.45 120.00 150.00 Reiterates

Q2 2016 Preliminary Production Results

Centamin is pleased to announce preliminary production results for the quarter ended 30 June 2016 from its Sukari Gold Mine ("Sukari") in Egypt.

Preliminary total gold production for the quarter was 140,306 ounces, a 12% increase on the previous quarter and a 30% increase on Q2 2015.

Quarterly throughput at the process plant was 2,929kt, a 2% increase on the previous quarter. Annualised throughput exceeds our base case target rate of 11 million tonnes per annum (Mtpa).

Open pit total material movement (ore + waste) decreased 1% on the previous quarter to 15,080kt. Open pit ore production increased by 42% to 3,425kt at an average mined grade of 0.90g/t of gold. The average head grade to the plant from the open pit was 0.99g/t. The run of mine ore stockpile balance increased by 521kt to 1,012kt at the end of the period.

The underground operation delivered 256kt of ore, a 9% reduction on the previous quarter, at an average mined grade of 9.3g/t. Productivity remained above our forecast rate of 1 million tonnes per annum at 6g/t. Ore from stoping was 143kt at 8.5g/t, comparable with the previous quarter (145kt at 9.2g/t). Ore from development was 113kt at 10.3g/t.

Five year high @169.00p

Jefferies International Hold 166.20 115.00 160.00 Reiterates

A new high @171.30p.

StockMarketWire.com
Centamin's gold production rose to 140,306 ounces in the second quarter - 12% up on the previous three months and 30% higher than a year ago.

EBITDA rose to US$101.6 million - up 51% on Q1 - driven by an increase in realised gold prices and gold sales volumes together with improved operational efficiencies and lower overall costs. EBITDA a year ago was $37.3m.

Pre-tax profits rose to $73.4m - up from $40.8m in the first quarter and $18.8m a year ago.

Centamin says it remains debt-free and un-hedged with cash, bullion on hand, gold sales receivable and available-for-sale financial assets of US$332.2 million at 30 June 2016, up US$56.5 million over the quarter.

Operational highlights include:
- Cash cost of production of US$461 per ounce and all-in sustaining costs (AISC) of US$669 per ounce.

- 2016 annual production guidance of between 520,000 and 540,000 (previously 470,000) ounces at a cash cost of production of between US$530 and US$550 (previously US$680) per ounce and AISC of between US$720 and US$750 (previously US$900) per ounce.

- Record process plant throughput of 2.93 million tonnes (Mt); a 2% increase on the previous quarter.

- Recovery of 89.5%, up by 1% over the first quarter, reflects on-going optimisation of the process plant.

- The underground mine delivered 256kt of ore, (a 9% decrease on Q1 2016), at a grade of 9.3g/t (up 19% on Q1 2016).

- Continued positive results from underground exploration drilling at Sukari, with an updated resource and reserve estimate scheduled during the second half of the year.

I always used to be in this one...never performed....now that I'm not ....rocketing.......

Panmure Gordon Hold 176.40 145.00 168.00 Downgrades

RBC Capital Markets Sector Performer 176.40 170.00 190.00 Reiterates

Jefferies International Hold 176.40 160.00 170.00 Reiterates

There was a floor on today movement at around 144p, after the last 3 days of sharp falls and then recovering today's drop

StockMarketWire.com
Centamin's third quarter old production totalled 148,674 ounces - a 6% increase on the previous three months and 41% higher than a year ago.

Operational highlights: - Cash cost of production of US$466 per ounce and all-in sustaining costs (AISC) of US$644 per ounce.

- Process plant throughput of 2.8 million tonnes (Mt), a 4% decrease on the previous quarter.

- Recovery of 89.7%, up by 0.2% on the second quarter, reflects on-going optimisation of the process plant.

- Sukari underground mine delivered 255kt of ore (in line with Q2 2016), at a grade of 8.97g/t (up 4% on Q2 2016). Open pit mine material movement of 16,191kt (up 7% on Q2 2016) with milled grades of 1.14g/t (up 15% on Q2 2016).

- Full year 2016 production is expected towards the upper end of guidance of between 520,000 and 540,000 ounces. Full year 2016 costs are expected towards the lower end of guidance of between US$530 and US$550 per ounce cash cost of production and between US$720 to US$750 per ounce AISC.

Financial highlights:
- EBITDA of US$122.0 million was up 20% on Q2 2016, driven by an increase in realised gold prices and gold sales volumes together with improved operational efficiencies and lower overall costs.

- Centamin remains debt-free and un-hedged with cash, bullion on hand, gold sales receivable and available-for-sale financial assets of US$416.9 million at 30 September 2016, up US$84.7 million over the quarter.

- Due to the significant cash generation from Sukari, profit sharing has commenced. The US$28.75 million advance has been recovered and a further distribution of profit share of US$6.67 million was made to EMRA in October.

- Basic earnings per share of 5.62 US cents; down 11% on Q2 2016 due to the effect of profit share during the period. Earnings per share (before profit share) of 8.11 US cents is up 29% on Q2 2016.

Chief executive Andrew Pardey said: "Centamin delivered another solid quarter from the Sukari operation, with a record of 148,674 ounces bringing year to date total production to 414,249 ounces of gold. This operational performance, together with a continuation of the low operating costs delivered in the second quarter and a further increase in realised gold prices, resulted in a strong US$85 million increase in our cash and liquid assets balance to US$417 million.

"Ore throughput rates at the processing operation were stable, consolidating the improvements delivered over previous quarters and remaining above our base case forecast rate of 11Mtpa. The open pit delivered an increase in total material movement and the underground mine continued to deliver both tonnes and grade in excess of our base case forecast.

"We therefore expect full year 2016 production towards the upper end of our guidance range and costs towards the low end of our guidance range.

"We are also pleased to announce that, as a result of the significant cash generation from Sukari, profit share commenced during the quarter and the total advance payments made to date of US$28.75 million were recovered. Future distributions will take into account ongoing cash flows, historic costs that are still to be recovered and any future capital expenditure. Subsequent to the period end a further distribution of profit share of US$6.67m was made to EMRA."

Bought some @ 117.40p

Last week large drop looks overdone and it was a capitulation, after the movement lower from around 170p. Gold slowly recovering as is the share price since last Friday.

Plenty of room to go better on the chart short term