Centamin Share Discussion Threads

[3rd eye] 14/7/2017 14:15

CEY Centamin gold Mine moving up on the back of a rising bullion share price Looks very bullish after forming a double bottom and through 200 day EMA.

[juju44] 13/7/2017 10:44

Bounce off 200dma very positive - imo . Indicators pointing to an up move too

[juju44] 12/7/2017 14:39

Ah , you cant beat the tea leaves. More on its way

[ukgeorge] 10/7/2017 09:16

This is a nice bit

As previously outlined in the 2016 full year results and Q1 2017 results, mining activity in the open pit during the first part of 2017 has focussed on the cut back of the east wall with correspondingly low ore grades reported from these sectors. This continued into the second quarter however during the latter part of the quarter higher grade was accessed from the open pit, as scheduled. Mining of higher grades from the open pit is expected to continue for the balance of 2017. Underground mining continued to perform well with excellent grades achieved from stoping activities. With the processing also continuing to deliver very strong levels of productivity, we remain on course to meet our full year 2017 production 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.

[conundrum] 10/7/2017 09:10

Update is out, see below



Highlights from news release:

124,641 oz gold produced in quarter

ASIC US$790 per oz

Annual production guidance of 540,000 oz on course

[conundrum] 10/7/2017 09:09

Update is out, see below



Highlights from news release:

124,641 oz gold produced in quarter

ASIC US$790 per oz

Annual production guidance of 540,000 oz on course

[mikkydhu] 10/7/2017 09:07

Cheers, Barnesian.

So it's an average now of 153,086 ounces for each of Q3 and Q4 compared with the best quarter of 2016 at 148,673.

AISC of US$790 (cash costs:$580). A very comforting margin.

[barnesian] 10/7/2017 08:39

Good analysis mikky

[mikkydhu] 08/7/2017 17:40

It can be interesting to play around with some figures, in this case production figures.
Take as a starting point the full year 2017 production guidance of 540,000 ounces, reiterated on 3rd May.

Here are the quarterly production figures for 2016:
Q1: 125,268
Q2: 140,306
Q3: 148,674
Q4: 136,787
Total for the year: 551,035

Q1 2017 was 109,187, lower because of development work resulting in diluting the higher grade ore for a period of time.

If on Monday they maintain the 2017 guidance at 540,000 ounces, that leaves an average for Q2,Q3 and Q4 of 143,604 ounces, which is only a little short of their best ever quarter(Q3 2016:148,674). In fact, the lower the Q2 figure announced on Monday, the higher the remaining quarters will have to be to reach the full year guidance. And the higher they are, the better the production outlook for CEY in 2018 and beyond.

[mikkydhu] 08/7/2017 11:30

Preliminary Q2 production results on Monday.

Some encouraging points from the Q1 results:

* During the second quarter we expect to see open pit ore grades increase towards the reserve average.
* Optimisation of the mining and processing operations is ongoing and offers the potential in the coming quarters to deliver higher gold output and lower costs than our base case outlook.

They also say: "An updated resource and reserve estimate is planned during the first half of 2017."
So that is already overdue. Perhaps to be announced on Monday or soon after.

[juju44] 06/7/2017 09:07

I am encouraged by the way it is hanging on to the 200dma and the tech indicators are lifting from a very low level . I consider it a buy at this level but as always gold needs to hold up.

[juju44] 03/7/2017 08:32

CEY glued to the 200 dma. Big decision point