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Centamin will host a virtual investor presentation on Wednesday, 8 December 2021. Members of the Executive and Senior Management team will present the updated life of mine plan for the Company's flagship asset, the Sukari Gold Mine, including further identified opportunities, framing the long-term vision of the asset.
The event will start at 10.00 GMT and expected to end no later than 11.30 GMT, including a Q&A session.
EVENT ACCESS
To join the webcast: https://webcasting.brrmedia.co.uk/broadcast/618e790238a15b548bb9077d.
Please allow a few minutes to register. A replay of the event and presentation material will be available on the Company's website.
QUESTIONS
Investors are welcome to submit questions prior to the event via the above link or by emailing investor@centaminplc.com.
Will it be good news? We'll find out on 1st Dec in the RNS I guess- they call it the flagship asset so this sounds good although what else would they call it lol- no one knows unless on the inside...
Interesting line........... "including further identified opportunities,"
Hello Mark44085 Centamin tweeted about a week ago that they have started fresh drilling in Sukria.
Too early for them to have positive signs?
https://twitter.com/centaminplc/status/1453290250973982727?s=21
Thanks Razor
Steve personally I didn’t think they’d need a drill, I hold Sukria in such esteem, I thought a leaf blower would have been enough!
Rns prior to today’s mining conference is positive professionalism. I believe.
Thanks Razor
I will be tuning in and submitting one question.
What are your TARGETED annual production levels for the next 6 years..
We already know the first 3 , they must know what they are for the next 3 years after that.
To me , apart from gold prices which they can't influence , production is the next key driver ( which their efforts can influence )! for future profits.
Let's see if my question gets raised and answered
No doubt you will all have your own questions .
A good question Candid, although this is gold mining and fraught with the unexpected, but that said and even allowing for the fact that the new management may have haven taken every conceivable precaution from past experience targeted production figures have been as reliable as a chocolate teapot.
They will no doubt have that in mind, so even if you do get an answer I suspect it will very much err on the side of caution so leaving plenty of options to delight rather than disappoint the market.
*also see the answer re more drilling at Sukari, very relevant
Opinion of a very experienced mining analyst-
Demonstrates the new management are dong things properly as this seems to be part of advancing the exploration regionally around the mine.
Not part of life of mine.
It will take a 1-2 months to get the first results, depending how they chose to batch samples: submitting after each hole drilled or combining several holes.
Hi Mr T.. yes I recognise the unpredictability of forecasts. However i read in one of their reports and presentations that they were abandoning absoloute targets of 500,000 ounces a year , in view of previous events, but they didn't spell out what their alternative targets were .ich
Sorry , pressed the wrong key, I am interested in the direction of movement beyond their next 3 years target resets
Hi Candid,
Absolutely correct, in view of what has happened in the past the data on which they were based must be questionable to say the least, so I can understand why Martin Horgan has abandon those past forecasts and he now wants his own team to reassess the reserves.
A very sound and methodical approach seems to be the way of things now and although total guidance may be less the reduced AISC and hopefully increased POG will help profits.
Whatever spoof was put about in the Egyptian media in the past it is clear now that the predictions of 550,000-600,000 oz per year from Sukari were pie in the sky and have done us no favours.
it is also apparent that so many of the analysts that produce these reports have very little if any actual hands on experience of running a mine and the fund mangers certainly don't have any which why they are so willing to believe spoof in preference to reality.