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ERRATUM - Centamin issues a correction to the below announcement the Company made on 19 December 2023. The total Sukari Underground Mineral Reserves were accurately reported but, due to a typographical error during the announcement drafting process, the Proven and Probable classification was incorrectly reported, resulting in an understatement of the higher confidence Proven Mineral Reserves and an overstatement of the Probable Mineral Reserves
European stock indexes are set to open higher on Wednesday's premarket operations as market participants have the attention placed on the preliminary purchasing managers' index (PMI) data from the eurozone in January that will be published during the morning. Marketers will also receive PMI reports from Germany and the United Kingdom.
The DAX gained 0.11% at 8:00 am CET, the FTSE 100 rose 0.15% and the Euro Stoxx 50 advanced 0.81%, concurrently. A minute later, the CAC 40 rose 0.28%.
The euro was up by 0.13% against the dollar at 7:59 am CET, selling for $1.08642. Also, the pound gained 0.14% to go for $1.27031 at the same time.
Baha Breaking News (BBN) / AC
๐๐ข๐บ ๐ฆ๐ท๐ฆ๐ณ๐บ๐ต๐ฉ๐ช๐ฏ๐จ ๐ต๐ฐ๐ฅ๐ข๐บ ๐ฃ๐ฆ ๐ณ๐ช๐จ๐จ๐ฆ๐ฅ ๐ช๐ฏ ๐บ๐ฐ๐ถ๐ณ ๐ง๐ข๐ท๐ฐ๐ถ๐ณ, ๐ข๐ฏ๐ฅ ๐ฎ๐ข๐บ ๐ซ๐ถ๐ด๐ต ๐ฐ๐ฏ๐ฆ ๐ธ๐ฐ๐ณ๐ญ๐ฅ ๐ญ๐ฆ๐ข๐ฅ๐ฆ๐ณ ๐ฃ๐ถ๐ค๐ฌ ๐ต๐ฉ๐ฆ ๐ต๐ณ๐ฆ๐ฏ๐ฅ ๐ข๐ฏ๐ฅ ๐ฑ๐ณ๐ฐ๐ฑ๐ฐ๐ด๐ฆ ๐ข๐ฏ ๐ฉ๐ฐ๐ฏ๐ฆ๐ด๐ต ๐ฑ๐ฆ๐ข๐ค๐ฆ ๐ช๐ฏ๐ช๐ต๐ช๐ข๐ต๐ช๐ท๐ฆ. โ๏ธ
๐๐ข๐ฑ๐ฑ๐บ ๐ฉ๐ถ๐ฎ๐ฑ ๐บโ๐ข๐ญ
Gold slightly shy at $2027.15
Mr Bond,
You are certainly not alone in your opinion in your Last paragraph!
In a report published last week, the World Gold Council said that gold outperformed major Chinese assets as it saw a 17% increase against the Renminbi. The move outpaced goldโs 14% gain against the U.S. dollar.
https://www.kitco.com/news/article/2024-01-23/china-continued-dominate-gold-market-2023-equity-rally-could-sap-demand
Thank you Tony,
Proves a few points!
Have passed this onto Andrew Maguire.
Tiibbs
Https://wallstreetonparade.com/2024/01/a-fed-whistleblower-reveals-efforts-to-silence-him-30-years-ago/
What Tibbs likes to read.
Sorry posted my reply to increased 2024 production in the wrong thread!
Thank you Razor's ,
Fingers crossed that this happens, even better with a high POG and with a decent reduction in AISC would be even better!
Tibbs
Major stock market indexes in Europe traded higher on Tuesday's premarket ahead of the Eurozone consumer confidence data scheduled to be revealed in the coming hours. Investors also awaited the latest lending survey report of the European Central Bank which should give more information on bank lending conditions in the area.
The DAX gained 0.18% at 8:01 am CET, while the CAC 40 added 0.05%, and the FTSE 100 increased 0.30%. The pan-European Euro Stoxx 50 rose 0.13%.
The euro and the British pound improved by 0.27% and 0.30% against the dollar at 7:58 am CET, selling for $1.09136 and $1.27461 at the same time.
Baha Breaking News (BBN) / DD
Gold currently + .75 $2036.21
Shall have to clean my keyboard,I am actually a good speller, ,magnaminus, ;- )
Thank you Mr Tibbles ,for a maggnacious response.
Hi Alhamd,
Good to hear from you and we are all hoping that your prophecy for Centamin for the future comes true yet again!
Kind Regards
Tibbs
Well said Mr Bond,
As we all know it is'nt the dollar that's strong at all considering the US national debt, if it wasn't for the dollar being the worlds reserve currency it would be almost junk status, the real strength lies with the FED cartel because to them the truth is whatever they want it to be and they really don't care a fig because they have the power to pump up or squish what ever commodity or currency they choose!
(Kitco News) - Gold prices are being held back by the strong U.S. dollar, while weak physical demand for silver could be offset by the return of investment demand, according to the latest precious metals report from analysts at Heraeus.
https://www.kitco.com/news/article/2024-01-22/gold-prices-restrained-dollar-strength-silver-investment-demand-could
Another year for success is waiting , all who trust in Him will be rewarded
Sukhari is the mine of great happening , gold is the only true method of trade for many centuries , as believers here say
waiting for rich news here , all hope is good hope , thanks to Allah he will faithfull provide
This week according to Kitco reports is they they dont have a clue.
Thats anylists for you !f
Clueless ,but it keeps down Spot prices for Gold ,this shows the power , for now. Of the US traders.
The Brokers are happy with all this in and out ,more commissions, ;- )
Under this pressure Gold has done very well . As for CEY SP, maybe final yearly report will finally inspire .
I have copied you this time.
Https://www.marketwatch.com/economy-politics/calendar
Thurs key day this week and then Friday which is even more key.
Did expect a bigger gain on Thurs RNS- but this is why I trade it- not many RNS in a year but shed loads of data movements points...
Yes.
Waiting for the next key data.
As you know I use S/L and T/P to trade and follow my trading strategy.
Steve
Have you closed out your trade on Centamin?
Tony
Stock equities in Europe traded higher in the premarket hours on Monday with European Union foreign ministers expected to convene a meeting addressing the crisis in Ukraine and the Middle East.
European Union's High Representative for Foreign Affairs and Security Policy Josep Borrell is expected to present his peace proposal for ending the war in Gaza. The week will be marked by earnings releases around the world, with consumer confidence data for Europe to be released on January 23.
The Euro Stoxx 50 climbed 0.68% at 8:01 am CET. The CAC 40 added 0.18%. The DAX rose 0.19%. The FTSE 100 gained 0.24%. The euro traded 0.06% higher against the dollar, changing hands at 1.09013. Meanwhile, the pound sterling was flat compared to the greenback, selling at 1.27072.
Baha Breaking News (BBN) / AB
Happy Monday yโal
Gold $2021.39
Tibbs, Pardey is history forget about him you can't change history .
What I suggest you do is go to the Centamin web site, Assets, Sukari and then click on the 2023 Technical Report. OK it is what it says a very technical summary but have a scan through it and look at the various diagrams and you will see that the area called Cleopatra is included in the projected pit and I think but don't know but this could be incorporated in the area that Capital have been opening up.
Excellent news Razor's , it;s about time some of these crooked CEO buggers were made to pay back for their past underhand and in many cases deceitful behaviour!
For far too long deception and crookery have been seen as to be almost just part of the course in the markets and and that deception of shareholders, lying to the media and in in some cases assert stripping businesses and thieving money out of the company workers pension funds is just business, no it's time to start taking back what they haven't earned honestly and locking a few of the buggers up!
I think some of Centamins past senior management should have to pay back some of their unjustified bonuses and rearwards in compensation for not being truthful in the past and creating such a f*ck up at Sukari!
Remember this former Rover employees do and they weren't alone in having their pension stolen by thieving CEO's and other fund directors!
Nick Mathiason explains how deals with private equity links are accused of leading to the downfall of pension schemes
Sun 10 Jun 2007 00.07 BST
Can workers in 21st-century Britain have their pensions stolen from under their noses? This is exactly what the GMB union says has happened to hundreds of thousands of employees of companies that collapsed after being bought by private equity firms.
https://www.theguardian.com/business/2007/jun/10/privateequity.statepensions
Tibbs
Mr Tibbles ,its not the whole market .
Just the Traders.
The mine is supporting a huge bill for clearing waste. When that soon finishes, then you will find,the profit rises by an equal amout . The processing of low grade is maximising profit,because the leeching if their is more capacity costs nothing extra.
Maximising profit is to be applauded.
HI Mr Bond,
Making a profit is fine, although the market doesn't seem that convinced about how its being achieved because without the present reasonable gold price the cost of the open pit would unmanageable for very long.