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.

Nevertheless the chart looks quite promising!

re - chart looks quite promising!

That's why I bought a couple days ago @ 117.40p

Santa look of Naughty mines

A somber look at the miners and how they stack up. Great graphs comparing debt levels (hint: Centamin's a blue ribbon cash cow) And other things you might not have considered.

Santa look of Naughty mines

A good movement up after 11.30am and reaching at one time over 130p
since a bit of profit taking or the normal movement lower but again very strong on the order book and bouncing back close to 130p now

133.80p +5.50p (+4.29%)

As Gold price is on the rise for the last couple days, CEY is also moving north

CEY is well ahead of the other POG shares bouncing

Closed a S/B here for 15 points - still hold long term.

138.20 +3.80p (+2.83%)

TRADING AT HIGH OF THE DAY
as gold price is $4 higher

GOLD

just spiking all the way to $1156.3 + $14.6

end of year and bear closing perhaps?

Total holding for BlackRock, Inc. has gone below 15%

141.90p +6.10 +4.49%

Another good rise after the GOLD price is spiking since this afternoon $1189.60+$18.50

Q4 2016 Preliminary Production Results, 2017 Production Guidance and Dividend Policy Update

Centamin announces preliminary production results for the quarter ended 31 December 2016 from its Sukari Gold Mine ("Sukari") in Egypt.

Preliminary total gold production for the quarter was 136,787 ounces, an 8% decrease on the previous quarter and a 16% increase on Q4 2015. This brings full year production to 551,036 ounces, a 25% increase on 2015 and above the guidance range of between 520,000 and 540,000 ounces.

Quarterly throughput at the process plant was 2,948kt, a 5% increase on the previous quarter.

Open pit total material movement (ore plus waste) decreased 2% on the previous quarter to 15,811kt. Open pit ore production decreased by 25% to 2,183kt at an average mined grade of 0.84g/t. The average head grade to the plant from the open pit was 0.85g/t. The run of mine ore stockpile balance decreased by 592kt to 577kt at the end of the period.

The underground operation delivered 228kt of ore, 10% less than the previous quarter, at an average mined grade of 10.43g/t. Ore from stoping was 125kt at 10.01g/t and ore from development was 103kt at 10.94g/t.

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Close @ 146.20p T+6

a gain of 28.80p or 24.5%

Gold has been moving lower

Voting rights attached to shares holding for BlackRock, Inc. has gone above 15%

StockMarketWire.com
Centamin's earnings rose to $373m in the year to the end of December - up 145% on last time due to higher gold prices, increased production and lower costs.

Basic earnings per share rose by 313% to 18.61 US cents.

Profit sharing with the Egyptian Mineral Resources Authority commenced during Q3 2016, with earnings per share (before profit share) of 23.05 US cents - up 411% on the prior year.

Centamin remains debt-free and unhedged with cash, bullion on hand, gold sales receivable and available-for-sale financial assets of US$428m at 31 December, up 85% on 2015.

The proposed final dividend of 13.5 US cents per share takes the total payout to 15.5 US cents per share (c.US$178 million).

Production totalled 551,036 ounces, a 26% increase on 2015 and above the revised guidance range.

Cash cost of production of US$513 per ounce was down from US$713 per ounce in 2015 and below the revised guidance range, driven by higher production and reductions in mine production costs, mainly due to lower fuel prices.

Chairman Josef El-Raghy said: "During 2016 Centamin's flagship Sukari Gold Mine continued to deliver substantial free cash flows, driven by a seventh successive year of production growth and through reductions in operating costs.

"This performance has allowed Centamin to maintain its strategic focus on generating shareholder returns and value-accretive growth.

"A significant milestone was achieved during the year, as the capital investment in the Sukari operation by Centamin's wholly-owned subsidiary Pharaoh Gold Mines was recovered from cash flows to the extent that profit share commenced with the Egyptian Government during the third quarter.

"Centamin ended the year with US$428 million in cash, bullion on hand, gold sales receivables and available-for-sale financial assets, an increase of US$197 million during the year."

Chairman sells 7.5m shares

Chairman doing a runner...... another 5 Mil sold.

Q1 2017 Preliminary Production Results

Centamin is pleased to announce preliminary production results for the quarter ended 31 March 2017 from its Sukari Gold Mine ("Sukari") in Egypt.

Preliminary total gold production for the quarter was 109,187 ounces, a 20% decrease on the previous quarter and 13% lower than Q1 2016. The reduction in quarterly production is in line with Centamin's forecast and the Company maintains its 2017 guidance of 540,000 ounces at a cash operating cost of US$580 per ounce and all-in-sustaining cost (AISC) of US$790 per ounce.

Quarterly throughput at the process plant was 2,908kt, a 1% decrease on the previous quarter and in line with our 2017 annual forecast of 11.75 million tonnes (Mt) milled.

Open pit total material movement (ore plus waste) increased 8% on the previous quarter to 17,128kt. Open pit ore production increased by 14% to 2,478kt at an average mined grade of 0.47g/t. The average head grade to the plant from the open pit was 0.58g/t. This was below both the reserve grade and our forecast average grade for the full year 2017, as the open pit continued to develop a low-grade cutback in the east wall of the pit in line with the mine plan.

The run of mine ore stockpile balance decreased by 191kt to 386kt at the end of the period.

The underground operation delivered 252kt of ore at an average mined grade of 7.44g/t. On an annualised basis, the productivity rate was in line with our 2017 forecast of 1 million tonnes at 7.26g/t. Ore from stoping was 153kt at 6.9g/t and ore from development was 99kt at 8.3g/t.


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Panmure Gordon Buy 177.80 209.00 209.00 Reiterates