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Centamin Egypt : Worth waiting for... (CEY)     

pthwaite - 20 Sep 2004 10:27

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.

Chart.aspx?Provider=EODIntra&Code=CEY&Si

skinny - 09 Jan 2019 07:09 - 2353 of 2354

Q4 and Full Year 2018 Preliminary Production Results

Centamin announces preliminary production results for the fourth quarter ("Q4") and twelve months ended 31 December 2018 from its Sukari Gold Mine ("Sukari") in Egypt.

Overview

· Gold production for Q4 was 137,600 ounces, a 17% improvement on the previous quarter ("QoQ"), predominantly driven by higher QoQ grades from both the open pit and underground. Month-on-month production profile was consistent at approximately 45,000 ounces per month;

· Full year gold production for 2018 was 472,418 ounces, a 13% reduction on the previous year;

· Continued focus on operating controls and resource modelling, as well as further key personnel changes throughout Q4 and will continue in 2019; and

· The Group achieved a zero-harm record in Q4 with a Loss Time Injury Frequency Rate ("LTIFR") of 0.00, resulting in an LTIFR of 0.06 per 200,000 man hours worked in 2018.

more.....

skinny - 22 Jan 2019 07:28 - 2354 of 2354

Centamin is scheduled to publish its annual results, for the year ending 31 December 2018, on Monday 25 February 2019, at which time the Board of Directors will propose a final dividend for 2018.

The Company will host a conference call to discuss the results with institutional investors and analysts at 11.00 GMT/06.00 EST on the same day. Please find below the required access details:
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