Centamin Share Discussion Threads

[ken tennis] 24/4/2019 07:25

LSE:CEY, TSX:CEE)

Quarterly Report

for the three months ended 31 March 2019

HIGHLIGHTS

Operational

· Sukari Gold Mine ("Sukari") produced 116,183 ounces of gold in the first quarter ("Q1"), above forecast of 105,000 - 115,000 ounces.

· Ongoing operational improvements delivered in the open pit and underground.

· Record processing plant throughput of 3.25Mt of ore at a 95% plant utilisation rate.

· Both unit cash costs and all in sustaining costs ("AISC") trending toward the lower end of annual guidance; cash costs of production of US$631 per ounce produced and AISC of US$898 per ounce sold.

Exploration

· Successful drilling campaign at Sukari continues to unlock more reserve and resource growth potential, identifying ore suitable for near- and medium-term production; Encouraging results from the Horus Deeps confirmed mineralisation remains open at-depth and along strike.

· Doropo Project resource update, increasing Indicated resource estimate by 58% to 2.13Moz Indicated and 0.8Moz Inferred with further positive results confirming structural extensions and resource upside.

· Maiden resource estimate at ABC Project of 650koz Indicated and 450koz Inferred.

[bocase] 24/4/2019 07:21

Ceo's Summary

"We have made a solid start, delivering Q1 ahead of expectations. Despite
being the weakest quarter forecasted for 2019, it is encouraging to see the
systems and process upgrades across all sections of the mine positively
impacting performance. The Company is on track to deliver annual production
and cost guidance for 2019. The focus remains firmly on delivering continued
operational progress through tight compliance to plan.
A stronger second half for the year is forecast, delivering approximately 55%
of the annual production guidance during H2 2019. This will be driven by
increasing quarter on quarter open pit ounce contribution, as the grade
profile improves with depth, and further optimisation of our underground
operations.
We are delighted to have welcomed so many top-tier technical individuals to
the Company, including Dr Sally Eyre as a Non-Executive Director and Jeremy
Langford as Chief Operating Officer. Their experience will be instrumental in
maximising the value of the Company's asset base.
Centamin's clear corporate strategy, technical expertise, highly prospective
asset base and robust balance sheet provide the solid foundation to generate
sustainable cash flow, drive organic growth and maximise shareholder returns."

[ukgeorge] 24/4/2019 07:17

Sukari Gold Mine ("Sukari") produced 116,183 ounces of gold in the first quarter ("Q1"), above forecast of 105,000 - 115,000 ounces.Ongoing operational improvements delivered in the open pit and underground.Record processing plant throughput of 3.25Mt of ore at a 95% plant utilisation rate.Both unit cash costs and all in sustaining costs ("AISC") trending toward the lower end of annual guidance; cash costs of production of US$631 per ounce produced and AISC of US$898 per ounce sold.Read more: 

[rochdae] 24/4/2019 07:15

Something up with the news stream. It's on LSE ... production ahead of guidance..

[garycook] 24/4/2019 07:14

Is a Production report suppose to be due today,if so no sign of it yet ?

[larry laffer] 24/4/2019 06:29

From the annual report

Q1 is scheduled to be the weakest quarter, budgeting for 105‐115koz.

[dt1010] 24/4/2019 06:03

Thanks Plat, good game good game.....

[plat hunter] 23/4/2019 23:14

Well done DT.

Certainly not one for me but well done none the less.

You going to treat yourself?

[dt1010] 23/4/2019 21:50

Bitcoin.....up 80% off its Dec 18 low.

Hahahaha

[dt1010] 23/4/2019 19:33

Well.....70p?

Not impossible now....

Ho hum

Give a sh*t.

[crossing_the_rubicon] 23/4/2019 14:31

Gold Plunges Towards Key Technical Level After $1.5 Billion Notional Dump

Gold futures suddenly took a turn for the worse this morning as 'someone' once again decided that 0830ET was the perfect time to puke over $1.5 billion notional of the precious metal into the market...



Not Manipulated though

"No, not at all!!"

[bulltradept] 23/4/2019 13:53

Too many people getting emotional about their investments here me thinks..

[plat hunter] 23/4/2019 13:06

Of course I did Boris, now be a good lad and go and take your medicine.

[borisjohnsonshair] 23/4/2019 11:43

You told everyone you'd remortgaged your house and our it all into ACA

[plat hunter] 23/4/2019 11:24

Who you talking too Boris.. The only person I know here with an ACA holding is trader365 and he got on board at around 50p I believe

[borisjohnsonshair] 23/4/2019 11:13

Your recommendation and your biggest investment ACA is collapsing. Always best to ignore your advice, investments and understanding of dividends. You are a total numpty.

[phillis] 23/4/2019 09:41

not yet an adult surely

[kennyp52] 23/4/2019 08:27

Believe it when I see it when it come to POG bocase . Good news is CEY used $1250 for its forecasts for 2019 and well above this so far this year .

[bocase] 22/4/2019 07:41

Looks positive for gold prices going forward.

[plat hunter] 21/4/2019 23:53

75p by month end then?