The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
(Reuters) -Centamin Plc expects annual gold production at the midpoint of its previously forecasted range, the gold miner said on Tuesday, after reporting a rise in quarterly gold output driven by higher grades of mined ores.
Centamin, which operates the Sukari gold mine in Egypt, said it was aiming to produce 415,000 ounces (oz) in 2021, the midpoint of its projected range of 400,000-430,000 oz.
Third-quarter gold production at 103,546 ounces was, however, 19% lower from last year, largely due to a planned cut in production at Sukari.
https://uk.finance.yahoo.com/news/centamins-sees-annual-gold-production-064153497.html
An excellent idea Goldnome.
As a long term shareholder I would be happy to put my name to such a missive.
Is it possible working group could be set up and to take the prepararation off LSE forum during preparation?
e.g.. communicate by email. I am not tech savy but sure something could be done.
It would do justice to Cowichan's and others efforts and cocerns.
An excellent idea Goldnome.
As a long term shareholder I would be happy to put my name to such a missive.
Is it possible for a group could take the prepararation off LSE forum during preparation?
e.g.. communicate by email. I am not tech savy but sure something could be set up.
It would do justice to Cowichan's and others efforts and cocerns.
Excellent well reasoned comments in this thread. Thank you to both Sotolo and El Prof.
I would like to add we have some forthcoming positives in the pipeline being:
Sukari reserves and life of mine
Offloading of West African assets
The new licence areas
However if these will actually have a positive impact on the share price or just help prop up the existing SP I really don't know.
Martin Horgan explained that new developments would not be a drag on future dividends so seemingly movement in gold price will be the significant driver for CEY SP in the forthcoming period.
Thursday 22 July 2021 for the Q2 Production Report according to the CEY Website.
https://www.centamin.com/investors/investor-calendar/
Mr Bond I am sure it was not meant badly but part of your post came across as a personal insult to Cowichan.
I agee 100% that differences of opinion and debates are healthy.
You are both valued members of this board and for me it was sad to see.
Seconded
Cowichan, thanks for your informed and intelligent posts about Centamin and its prospects, they like any others relating to how Centamin and gold might move, and what might move them, are always appreciated.
You are a stalwart of this board am sure MrBond who seems a good sort if he took the time to reflect would be man enough to apologise for his crass posts.
Would very much like to see other Board Members thoughts and ideas on the impact of the announcement of new Egyptian Licenses if an when announced.
Many of us are eagerly awaiting an announcement of new licenses in an expectation the SP will rise, but is this expectation realistic?
We saw the SP plummet on announcement of the West African review which came as a surprise because on the whole the review outcome was measured, positive and value creative including a probable 200 oz per year mine.
However the way forward did involve a relatively small increase in expenditure (even if significant in terms of near future free cash flow) over the next few years prior to mine start up and the market seemed to focus on this but took no account of the potential future revenue streams.
Will it be similar for the Egyptian Licenses when announced? Will the market see an erosion of CEY's cash pile as a negative factor on SP until increased gold actually starts flowing?