Centamin Share Discussion Threads

[juju44] 02/11/2017 10:14

Nope and that downtrend is relentless - BUT it is well into oversold territory now

[qs99] 02/11/2017 09:59

Gold price holding up well IMO, why is this not back at recent highs of £1.80ish pushing £2? Any clues anyone?

[qs99] 02/11/2017 09:38

Great set of results yet shares are off? I agree with the above, wouldn't be surprised to see a special divi soon at this rate of cash generation...DYOR

[mikkydhu] 02/11/2017 07:41

Q3 added US$45m to CEY coffers, resulting in cash and equivalents of $345m.

If Q4 replicates Q3, it will add a further $45m spare cash, giving a total of $390m.

That is not so far short of the final figure for last year of $428m.

It was that figure of $428m last year which led to the exceptional dividend payment.
I think we are on course for another large payout.

[skinny] 02/11/2017 07:17

Centamin plc ("Centamin", the "Group" or "the Company") (LSE: CEY, TSX: CEE) is pleased to announce its results for the third quarter and nine months ended 30 September 2017.

Q3 2017 Operational Highlights (1),(2)
· Record quarterly gold production of 156,533 ounces was a 26% increase on Q2 2017 and 5% higher than Q3 2016.
· Q3 2017 cash cost of production and all-in sustaining costs (AISC) remain well controlled resulting 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.
· 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.
· Amun / Ptah underground operations delivered 302kt at a grade of 7.98g/t to the ROM pad with mill feed from underground of 305kt at 8.07g/t during the period.
· Third successive record quarterly open-pit material movement of 18.6 million tonnes.
· Continued positive results from underground exploration drilling at Sukari at both Amun / Ptah and Cleopatra and further encouraging drill results received from Côte d'Ivoire.
· Development of the Cleopatra exploration decline, located in the north-east of Sukari Hill, advanced 153 metres.


Financial Highlights (1),(2)
· 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 the third quarter, US$96 million year to date.

· Cash at bank, bullion on hand, gold sales receivable and available-for-sale financial assets as at 30 September 2017 of US$345.8 million, following an interim dividend payment of US$29.0 million.

· The Egyptian state has benefitted directly from profit share payments to EMRA of US$76.6 million during the first nine months of 2017 in addition to US$14.5 million in royalties.

· Quarterly basic earnings per share (after profit share) of 3.41 US cents, an increase from 1.10 US cents in Q2 2017, due primarily to higher EBITDA offset by higher profit share payments.

more.....

[legg96] 01/11/2017 13:29

Great day for the market makers! Dropped the stock over 3p yesterday and now up 6.4p

[flopticalcube] 31/10/2017 23:31

$1260 might not break given how strong $1270 has been. Still looking for a turn Friday at the earliest (jobs numbers). Could go either way really. Hopefully Thursday numbers will keep CEY up.

[bookwormrobert] 31/10/2017 15:49

Quarterly financial results due on Thursday. Should change the picture here substantially after record breaking production. See LSE board for estimates of profits etc.

[haughtonhoney] 31/10/2017 15:23

Any idea what the current, expected % yield on this is anyone?

[juju44] 31/10/2017 14:22

looks like downtrend firmly intact

[goldguru2017] 30/10/2017 15:28

Kestrel Gold (TSX Venture Exchange symbol KGC.V)

- Capitalised at only GBP 2.5 million
- Drilling results on Val Jual property due in coming weeks
- Peak values of 12,400 ppb Au from recent soil sampling on Val Jual
- Originally staked by Jean Pautler, who’s considered to be one of the best geologists in Canada.
- She was honoured in 2010 by the Yukon Prospectors Association for her work in opening up the White Gold District
- CEO recent interview ““WeR17;re on our third hole, drilling an area that hasn’t been drilled before. I believe we’ll hit some pretty good numbers there which will drastically change the outlook for Kestrel Gold. Jean Pautler thinks we should hit good in there, and so do I.”

Please do your own research on the Company before investing. Thank you for your time.

[flopticalcube] 26/10/2017 18:45

And there we go. Next resistance at $1260. Nothing really substantial until $1215. Turn is probably end of next week.

[juju44] 26/10/2017 09:07

been a horrible year for CEY and the down trend remains intact . Its got a long way to climb before this trend would be negated

[leonidas] 24/10/2017 09:55

Some up movement on CEY at last............. in anticipation of Q3 result on the 02-11..........

[flopticalcube] 23/10/2017 15:58

USD index bouncing off 94 neckline. If it breaks above, 97 is the target which is coincidentally where the 200dma also is presently. This SHOULD send gold down to the $1200-$1215 area but sometimes gold and the $ like to rise together. Having said that, most likely scenario is gold will test the $1270 rising support when the $ index breaks over 94.

[flopticalcube] 20/10/2017 16:45

$1280 now giving way. There is some resistance from an upward channel at $1270 as well so we'll see if that holds when its tested, probably next week. CEY looking good in comparison, 141.50 is the area to watch for support. Then 140.50, then 135 area. That's my voodoo for now.

[shayadfn] 20/10/2017 06:00

welcome back Siko

[sg31] 19/10/2017 10:59

Glad to hear from you Siko. I hope you and your family are well. I'll look into LSE from time to time.

[sikaweel] 18/10/2017 22:38

Hi sg31, As Martin kindly replied, I was in Egypt on one of my regular trips and I came back yesterday. I post regularly on LSE (Siko), so you could keep an eye there as well if you wanted.
Thanks for asking about me.

[flopticalcube] 18/10/2017 17:11

$1280 putting up some strong resistance. I'm still looking for at least $1260 before any chance of a turn. HUI/GOLD weekly trading sideways for an excruciatingly long time now. Bollingers tighter than my belt at a buffet.

[juju44] 18/10/2017 10:34

Miners just wont go without the metals and they wont go with $ strength.

[mattboxy] 18/10/2017 07:27

So blackrock increased again and we went down !!!