Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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The only issue was FY22 AISC, else very good indeed- and Sotolo is happy
Couldn't have hoped for better, happy to be invested here.
SUKARI RESERVE GROWTH SUPPORTS ROADMAP TO 500,000 OUNCE PER ANNUM PRODUCTION
RazorsEdge, i thought the reference I made yesterday that you kindly corrected me on made some sense ;) may we enjoy many more years investing with CEY :)
The webinar should reveal more but looking good. A hold/buy for 2022 I d suggest
Move along folks , nothing much happening here...
Let's wait and see the reaction before, during and after the webinar, I for one feel much more positive :)
Hoping to see over £1 by Friday…
93p here we come
Yes by 2024 now, but on the way. 250-375k fall in aisc partly on production getting back to above 500koz. If all this happens and looks sustainable then as long as gold stays up our share price should recover. I am hanging on!
#CEY set a 3Moz reserve growth target by 2024 and today announced 1.1Moz reserve growth from Sukari! ?? $CEY set a 4yr $100m cost savings programme and today announced a 50% increase to $150m ??
Read more:??loom.ly/hk-6Mig
#cultureofcontinuousimprovement #growth #savings
https://twitter.com/centaminplc/status/1468479215238619145?s=21
All sounds positive so let's see what the market does with this today, also nice to see gold moving up slightly after a 3 week fall
:)
HIGHLIGHTS
· Delivered Mineral Reserve growth in excess of one million ounces net of six months mining depletion, representing a 23% increase in Sukari Proven & Probable Mineral Reserves:
o Including a 200% increase in Sukari Underground Proven & Probable Mineral Reserves
· Delivered 8% Mineral Resource growth net of six months mining depletion
· Roadmap to +500,000 ounces of gold per annum, underpinned by a robust interim 12 year life of mine schedule:
o Underground expansion (tonnes and grade) study underway for completion in H2 2022
· Further upside drivers yet to be modelled, include the emergence of 'bonanza' high grade structures within the open pit and underground,
· US$100 million cost savings programme increased by 50% to US$150 million, to be delivered by 2024
· Multiple growth opportunities identified with a review of the capital structure underway to increase financial flexibility
MILESTONES & TARGETS
· Underground expansion study underway - completion H2 2022
· Doropo Project (Côte d'Ivoire) pre-feasibility study underway - completion H2 2022
· Delivering operational consistency at Sukari by improving the resource to mill ounce reconciliation to +/-10% by 2024
· Delivering an additional 2Moz Group Mineral Reserve growth by 2024
· Extending the Sukari underground reserve life to in excess of 10 years (currently 8 years up from 3 years) by 2024
https://www.lse.co.uk/rns/CEY/sukari-reserve-growth-supports-roadmap-to-500koz-7069xx2m4z4zilv.html
8 December 2021
Centamin plc
("Centamin" or "the Company")
LSE: CEY / TSX: CEE
Sukari reserve growth supports roadmap to 500,000 ounce per annum production
Martin Horgan, CEO, commented: "Today marks significant progress against our Sukari reset plans. The transformed approach to the management of Centamin has delivered excellent results including a net 1.1 million ounce Mineral Reserve growth at Sukari - representing the largest reserve increase in ten years. Within our Sukari 300,000 metre budgeted drill programe for 2022, we have an active pipeline of identified resource conversion and extensional drill targets which gives us significant confidence in continuing to grow this world class asset.
Our improved geological model underpins our new robust 12+ year mine schedule and from this we have identified a clear roadmap to consistently producing greater than 500,000 ounces per annum from the Sukari Gold Mine over the next decade."
Centamin is hosting a virtual investor presentation today, Wednesday 8 December 2021, for investors and analysts. The event will be hosted by Martin Horgan, CEO, and Ross Jerrard, CFO, with the presentation starting at 10.00 am GMT (UK time). Martin and Ross will present an updated life of mine plan for the Company's flagship asset, the Sukari Gold Mine, including further identified opportunities, framing the long-term vision for the asset.
I’m with you Steve…
(Some of these headlines are propaganda)
I believe this one!
Fauci: Omicron is likely not more severe than Delta
Coronavirus' Omicron variant is not likely to cause symptoms more severe than its predecessor, Delta strain, United States National Institute of Allergy and Infectious Diseases (NIAID) Director Dr. Anthony Fauci said on Tuesday.
In an interview with Agence France-Presse, Fauci elaborated he is "almost certain" that the new strain, initially detected in South Africa, will not prove to be more serious than the virus's mutation first observed in India.
Fauci previously asserted that the antiviral COVID-19 drug, developed by Pfizer Inc., will probably be effective against the Omicron variant.
Baha Breaking the News (BBN) / BU
The studies I’ve heard is that it’s less problematic and milder- hence the market reaction over past few days. Here’s hoping this is the case
Major stock markets in Europe traded mostly unchanged on Wednesday as investors observed news surrounding the newly registered Omicron coronavirus variant.
A study, released last evening, claimed the Pfizer/BioNTech COVID-19 vaccine is less effective against the Omicron mutation when compared to earlier variants of the coronavirus. The preliminary data also suggested Omicron is more transmissible than the Delta variant, according to the British government.
The FTSE 100, the DAX, and the CAC 40 all traded unchanged at 7:35 am CET. The euro gained 0.21% against the dollar to sell for 1.12909 at 7:40 am CET, while the pound stood flat at $1.32503.
Baha Breaking the News (BBN) / ND
Happy hump guys…
One Sukari “Life of Mine Review” coming right up!
Good luck y’al
Hi Market,
Great to hear from you!
Hope that you are still managing to get a few "Tots'!
Tibbs
With the expansion of services at Sukari earlier this year, our stores also needed to grow. The new stores building is now commissioned to provide plenty of space for the extensive range of parts & consumables support we hold on site to service our equipment & operations. #CAPD
https://twitter.com/_capitallimited/status/1468374360230563841?s=21
: LIBERUM CAPITAL GOT 5 OF THE MAJOR SECTORS WRONG IN THE LAST TWO QUARTERS Follow your mates its better than paying for it. x from the old boy
In the discussions today I would like to see the following (I assume they are only talking about the Life of Mine of Sukari)
1. Definititon of all assets with the trucking distance of the plant, that CEY is aware of, but not necessarily owned by CEY
2. For those assets owned, discussion on their potential worth, in terms of their utility, $cost, $value and development.
3. Whats the time frames for these assets to be brought into cash production, esp free cash production, and what this does to future cash flows
4. I would expect to hear they are handling Mine site exploration, and in-mine exploration (two different ares or volumes of exploration). What there targets are in terms of volume and grade, and what budget and waht exploration flow of activites and time frames are going to be needed to test these.
5. Like to hear about their reconciliation history, and how they are going to improve.
6. Like to hear about their bottlenecking in terms of time and money. Where are the present suite of bott;enecks, what are they doing to rectify.
7. LOM risk mapping, where are the high value risks , where are high probability etc ....
8. Plans when the reserves run out ... and perhaps this is where we get the update about opportunities in egypt outside the trucking distance, and West Africa...
All ears here!
best
the Gnome
I think Mr Goxx (the hamster, now deceased) would have had Libernums measure well and truly in terms of share price prediction.
One of the perennial arguments about stock market trading is whether the markets can be predicted (anything much for that matter)—or whether you'd be better-off just randomly picking some stocks and hoping for the best. The latter is a very basic summation of the random walk hypothesis, a foundational financial theory still argued-over today.
Mr Goxx's performance was stellar, overheads very lean, and the only real capital was in the design of his office, the Goxx Box. So perhaps those serious about predicting share prices etc should invest in 1 hamster and build their own Goxx Box. LOL. But I wouldnt go near Libernum?
best
the gnome
Have been disappointed so many times in the past re: updates yet I'm still hopeful MH can deliver. My wish list for tomorrow:
- Batie West has been sold or a co-development deal struck
- a new underground decline has been launched to increase underground accessibility & throughput (via that Irish firm & a newly trained in-house crew)
- Doropo infill results update
- Sukari relogging yields open pit expansion beyond current parameters & extends mine life significantly
- Barrick DOES NOT make a takeover offer for Centamin
That's five items for my Xmas stocking - I'm only mildly optimistic I'll get more than one
The crushing facility was scheduled to be closed for eleven days while the new crusher was being installed. FLSmith with the help of some local labour supplied by Centamin managed the installation a couple of days less then what had been allowed for.
What would be real good news is if Martin Horgan announced that because of the efficiency of the new machine (against the old) that they were able to raise production guidance for the fourth quarter.