Centamin Egypt Forum

Parliament approved Law 32. It now awaits the appeal ruling in the SCC but before that the commissionaires get to submit a report. Personally, I think they will shelve the whole thing. Just the threat of Law 32 is enough to stop any further action and all current cases have been suspended pending final ruling from the SCC so its as effective as if it were in play.

Anyone know what the latest is regarding Law32/2014? Is it waiting for SCC approval or has it been defeated in parliament?

PRESS RELEASE: CENTAMIN PLC Q2 2016 PRELIMINARY PRODUCTION RESULTS CEE.TO CELTF.PK DJN 07/07/2016 070 Press Release: Centamin PLC Q2 2016 Preliminary Production Results CEE.TO CELTF.PK Centamin PLC Q2 2016 Preliminary Production Results PERTH, AUSTRALIA--(Marketwired - Jul 7, 2016) - Centamin PLC (LSE: CEY) (TSX: CEE) Centamin plc ("Centamin" or "the Company") (LSE:CEY, TSX:CEE) Q2 2016 Preliminary Production Results Centamin is pleased to announce preliminary production results for the quarter ended 30 June 2016 from its Sukari Gold Mine ("Sukari") in Egypt. Preliminary total gold production for the quarter was 140,306 ounces, a 12% increase on the previous quarter and a 30% increase on Q2 2015. Quarterly throughput at the process plant was 2,929kt, a 2% increase on the previous quarter. Annualised throughput exceeds our base case target rate of 11 million tonnes per annum (Mtpa). Open pit total material movement (ore + waste) decreased 1% on the previous quarter to 15,080kt. Open pit ore production increased by 42% to 3,425kt at an average mined grade of 0.90g/t of gold. The average head grade to the plant from the open pit was 0.99g/t. The run of mine ore stockpile balance increased by 521kt to 1,012kt at the end of the period. The underground operation delivered 256kt of ore, a 9% reduction on the previous quarter, at an average mined grade of 9.3g/t. Productivity remained above our forecast rate of 1 million tonnes per annum at 6g/t. Ore from stoping was 143kt at 8.5g/t, comparable with the previous quarter (145kt at 9.2g/t). Ore from development was 113kt at 10.3g/t. Q2 2016 (preliminary) Q1 2016 Q2 2015 ---------- ---------- ---------- ---------- ---------- - ------- ------- Open Pit - Total Material Movement (kt) 15,080 15,157 13,671 ---------- ---------- ---------- - ---------- ---------- - ------- ------- Open Pit - Ore Production (kt) 3,425 2,405 1,751 ---------- ---------- ---------- - ---------- ---------- - ------- ------- Underground Ore Production (kt) 256 281 282 ---------- ---------- ---------- - ---------- ---------- - ------- ------- Process Plant Throughput (kt) 2,929 2,876 2,667 ---------- ---------- ---------- - ---------- ---------- - ------- ------- Process Plant Productivity (tph) 1,432 1,421 1,361 ---------- ---------- ---------- - ---------- ---------- - ------- ------- Gold Produced (oz) 140,306 125,268 107,781 ---------- ---------- ---------- - ---------- ---------- - ------- ------- Andrew Pardey, CEO of Centamin, commented: "The Sukari operation has continued to build on the strong start to the year, with total first half production of 265,574 ounces of gold. The continued optimisation of the processing operation saw plant throughput increase further during the second quarter, remaining above our base case forecast rate of 11Mt per annum. The open pit delivered an increase ore material movement and the underground mine continued to deliver both tonnes and grade in excess of our base case forecast. Full year 2016 production and cost guidance will be updated with the Q2 financial report." For more information, please contact: Centamin plc Josef El-Raghy Chairman Andrew Pardey CEO Andy Davidson Head of Investor Relations ([email protected]) +44 (0) 1534 828708 Buchanan Bobby Morse Chris Judd Patrick Hanrahan + 44 (0) 20 7466 5000 (END) Dow Jones Newswires nDJGG0015F © Thomson Reuters 2016. All rights reserved.

"In light of the UK voting for a Brexit, we expect gold to provide a haven for investors. Coupled with sterling weakness, we see upgrades likely for all gold producers in the near term. We appreciate Centamin has been a very strong performer so far in 2016 on solid production growth and a clear business plan to increase production to above 500koz in the near future. Alongside Randgold and Acacia, Centamin is well represented in portfolios seeking gold exposure. We now anticipate gold to be well supported in the near term and along with weaker sterling, we believe further strength is likely along with stable growth in production, an improving cost profile, a solid balance sheet and attractive free cash flow yields, which serve to provide us with longer term optimism. We believe that Centamin remains a credible acquisition target and an eventual resolution to the legal challenges may be the catalyst for further interest in this regard." Panmure note out this morning on research tree

Not true. Profit projection is based on a fixed $1200 cost but profit sharing is purely based on total realised profit.

Thanks shugg1e, 75p it is.

You people are so out of the loop its hilarious. CC was today and has been adjourned to June 7th. Not that any of you will see this.. hahaha!

Siko please confirm if today is the date of final hearing

All the sore losers who didn't buy at 62p and then could sell at 90+p are now going to come back and say "SEE! ITS FALLING!" and get suckered out again waiting for a much lower level that will never arrive.

Bull trap. $1180-1190 target