Centamin Ord Shs T.CEE

Alternate Symbol(s): CELTF

Metals & Mining Gold

Centamin plc is a Jersey-based gold producer. Its assets include Sukari Gold Mine, Doropo Gold Project and ABC Project. The Sukari is a bulk tonnage open pit and a high-grade underground operation, with significant exploration upside at depth and regionally, within the 160 square kilometers (km2) tenement. The Doropo Project consists of seven exploration permits, covering an area of over 1,850 km2. The Doropo Project is in the northeast of Cote d’Ivoire, over 480 kilometers (km) north of Abidjan. The ABC Project is in northwest Cote d'Ivoire, over 550 km northwest of Abidjan and 460 km west of Centamin's Doropo project. Its EDX Blocks comprise 3,000 km2 of greenfield exploration tenements within the Egyptian section of the Arabian Nubian Shield. The land package is divided into three blocks: Nugrus Block, which covers over 1,086 km2, Um Rus Block, which is located 50 km north of Sukari, and Najd Block, which is located 100 km northwest of Sukari in the Central Eastern Desert.

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Centamin Ord Shs

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Comment by shrubcrawleron Feb 27, 2014 7:25am

179 Views

Post# 22257452

RE:Price of Gold Above $1,340.00 Short While Ago

geezer21 wrote:
Centamin is commissioning phase 4 now that will increase production toward achieving 2014 guidance of a 17% increase in production to 420,000 ounces.

With the price of gold climbing, CEE production rising, capex falling with phase 4 being completed, no hedge, no debt, and one of lowest p/e of 5.6 in sector net earnings per share are going to jump up considerably.

I would be happy if we could see $3.00 again ...

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