Centamin Share Discussion Threads

[skinny] 10/1/2018 07:06

Centamin is pleased to announce preliminary production results for the quarter ended 31 December 2017, outlook for 2018 and updated reserve and resource statement from its Sukari Gold Mine ("Sukari") in Egypt.



Preliminary Production Results

· 2017 full year gold production was 544,658 ounces, above guidance of 540,000 ounces.

· 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 ("YoY");

· Record quarterly throughput from the processing plant of 3,072kt, a 2.5% increase QoQ and 4.2% increase YoY;

· Open pit total material movement was 17.6Mt, a 5% reduction QoQ and 12% increase YoY;

· Quarterly open pit ore production was 5,726kt, at an average mined grade of 0.62g/t. This included 2,064kt at 0.32g/t delivered to the dump leach pads. The average head grade to the plant from the open pit was 0.92g/t;

· Run of mine ore stockpile balance increased by 742kt to 2,178kt, as at the end of the quarter;

· Underground operation delivered 298kt of ore, at an average mined grade of 8.8g/t, a 1% reduction in tonnes QoQ and a 31% increase YoY;

o Underground ore from stoping was 168kt at 9.27g/t;

o Underground ore from development was 130kt at 8.17g/t.

more.....

[juju44] 09/1/2018 09:14

200dma could now be support

[flopticalcube] 05/1/2018 15:49

CEY making a bull flag. Gold moving sideways on consolidation. Payrolls disappointed in the US causing gold to swing around a little.

[flopticalcube] 04/1/2018 20:16

Gold has broken out upward. That wasn't much of a flag...

Anyhow, if this isn't a bull trap breakout, there is weak resistance around $1340-$1360 area and strong resistance around $1375.

[flopticalcube] 04/1/2018 17:23

So far both gold and CEY are forming a bullish flag. For CEY, a flag breakout has a target of 190p. For gold, the target would be $1400.

For those that look at copper as a lead to gold, copper has been forming a bullish flag for several days and if it breaks it points to a target of $3.60/lb. That is a 9-10% rise from current levels.

[flopticalcube] 04/1/2018 01:19

So gold has now turned a little. Now let us see if it starts consolidating here, perhaps forming a flag, make a small retreat to say $1300 and then rebounds, or starts falling in earnest. $1300 break (two day closing) leads to $1270-80. If that breaks then the previous floor in mid $1230's. If, however, we move back up then $1320 area is the resistance and then $1340 and $1360. I will add that seasonals are with us until the end of Jan and maybe a bit longer since Chinese New Year isn't until Feb 16!

[rovi70] 02/1/2018 20:58

gold heading higher

[qs99] 02/1/2018 12:07

Keep an eye on SHG....am holding on for £2 on CEY, taken a few profits on HUM and moved a decent chunk into SHG which is IMO oversold....DYOR etc, but any VAT news that is positive, OR resolution of the ACA govt issue, could see this get back to previous highs IMO...DYOR

[ukgeorge] 02/1/2018 07:27

Woop woop gold heading higher +8 at the moment roll on £2 here

[flopticalcube] 01/1/2018 17:23

Now besides the chicken bones and tea leaves, gold has the full moon to contend with (can indicate a turning point or, unhelpfully, a continuation... yeah). It is also approaching 70 on the RSI and reaching a previous price resistance level. Sentiment has turned bullish but the CoT still favours a rally although the last 3 trading days are have not been revealed yet and likely push the CoT into less favourable territory. Certainly a pause is warranted here, at least for a couple of days. One thing to note is that futures volume has been fairly weak in this rally. Could be that positions still have further to go before turning bearish.

CEY situation very similar. At resistance, overbought, in need of a pause.

[juju44] 29/12/2017 16:26

Through the 200dma. - nice

[davius] 29/12/2017 13:32

Nice finish to the year, and gold having a run on $1300 again. Mood a bit different from when we were wondering whether the price would hold on to 130p...

[juju44] 28/12/2017 07:57

Now girls , don,t be silly

[flopticalcube] 28/12/2017 00:51

Might do, rovi. Chicken bones, notably less accurate than tea leaves, giving a rough 160p area indicator. 163p is definitely a possibility.

[rovi70] 27/12/2017 20:09

tea leaves say it may reach 163p

[flopticalcube] 27/12/2017 18:04

200d sma reached. 160p target of double bottom in sight and maybe close enough. RSI overbought. Gold overbought. We may need a few days of consolidation or even a small retreat before the next leg up.

POG making nice progress. Currently somewhat overbought but all depends on the general markets. They fall, gold advances. USD index head and shoulders in play, neckline 92.5, target 90.

[ben750crow] 27/12/2017 12:36

Hope you've all had a wonderful holiday period, here's to some strong gains in 2018.

[juju44] 21/12/2017 18:47

Next task is to bust the 200dma

[qs99] 21/12/2017 16:07

Let’s hope this can now leave £1.50 behind

[jimbowen30] 21/12/2017 08:52

There you go juju :)

[juju44] 21/12/2017 08:37

Here we go

[ukgeorge] 20/12/2017 11:33

Gold heading in the right direction :)

[rovi70] 19/12/2017 15:42

ggp worth a look.