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Centamin PLC (CEY.L)

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Latest Key Developments (Source: Significant Developments)

Centamin Says FY Sukari Mine Production Up To 2 Pct Below Guidance Of 480,000 Ounces
Thursday, 27 Dec 2018 

Dec 27 (Reuters) - Centamin PLC ::CENTAMIN PLC - PRODUCTION UPDATE.CENTAMIN PLC - GOLD PRODUCTION FOR OCTOBER AND NOVEMBER COMBINED WAS ABOVE 90,000 OUNCES.CENTAMIN - GOLD PRODUCTION FOR OCTOBER AND NOVEMBER COMBINED WAS SLIGHTLY BELOW FORECAST.CENTAMIN PLC - ANNUAL PRODUCTION FROM SUKARI GOLD MINE OF UP TO 2 PERCENT BELOW FULL YEAR 2018 GUIDANCE OF 480,000 OUNCES.CENTAMIN PLC - FY CASH COST OF PRODUCTION WILL BE TOWARDS TOP END OF PREVIOUSLY GUIDED RANGE OF US$625 TO US$640 PER OUNCE PRODUCED.CENTAMIN PLC - LOWER THAN EXPECTED UNDERGROUND GRADE DELIVERED IN DECEMBER THUS FAR INDICATES GOLD POURED FOR Q4 BETWEEN 135,000 TO 140,000 OUNCES.CENTAMIN PLC - ALL-IN-SUSTAINING COST WILL BE APPROXIMATELY US$900 PER OUNCES SOLD FOR FY.  Full Article

Centamin Affirms Q4 Production Forecast, Cuts FY Capex Forecast
Thursday, 1 Nov 2018 

Nov 1 (Reuters) - Centamin PLC ::SUKARI GOLD MINE PRODUCED 117,720 OUNCES IN Q3, A 27% IMPROVEMENT ON Q2 QOQ.Q3 GOLD SALES OF 106,798 OUNCES, A 9% INCREASE QOQ.Q3 REVENUE OF US$125.1 MILLION, A 1% INCREASE QOQ, DUE TO 9% INCREASE IN OUNCES SOLD OFFSET BY 7% DECREASE IN GOLD PRICE.Q3 PROFIT BEFORE TAX OF US$21.8 MILLION, A 1% DECREASE QOQ, AND US$102.2 MILLION YTD.Q3 BASIC EARNINGS PER SHARE AFTER PROFIT SHARE OF 0.93 US CENTS.IN Q4, OPERATIONAL SECTIONS ARE PERFORMING IN LINE WITH PLAN AND COMPANY REMAINS ON TRACK TO PRODUCE 145,000 OUNCES.PRODUCTION GUIDANCE FOR 2018 HAS BEEN REVISED TO 480,000 OUNCES.EXPECTS AISC PER OUNCE SOLD TO CONTINUE TO TREND DOWNWARDS IN Q4 AND EXPECTS TO BE AT TOP END OF GUIDANCE RANGE OF $875-$890 PER OUNCE SOLD.REDUCED TOTAL 2018 CAPITAL EXPENDITURE TO US$125 MILLION.  Full Article

Centamin Cuts FY Gold Production Guidance To 480,000 Ounces
Friday, 5 Oct 2018 

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 

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 

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 

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 

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 

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 

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

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