SOURCE: Centamin plc

July 09, 2013 02:00 ET

Centamin PLC - Q2 Preliminary Production Results

PERTH, AUSTRALIA--(Marketwired - Jul 9, 2013) -




For immediate release                                  9 July 2013

             Centamin plc ("Centamin" or "the Company")
                       (LSE:CEY, TSX:CEE)

                  Q2 Preliminary Production Results

Centamin is pleased to announce preliminary production results from its
Sukari Gold Mine ("Sukari") in Egypt for the quarter ended 30 June
2013.

Total gold production for the quarter was a record 93,624 ounces (year
to date 180,640 ounces), a 39% increase on the corresponding quarter in
2012 and 8% higher than Q1 2013. Formal guidance for the current year
was provided on 14 March 2013 and remains at 320,000 ounces gold at a
cash operating cost of US$700 per ounce.

Open pit total material movement increased 4% from Q1 2013 to 11,019kt
and open pit ore production increased 39% on Q1 2013 to 2,961kt which
led to an increase in the run of mine ore stockpile balance of 432kt to
1,191kt at the end of the period. The underground mine delivered
142kt, up 19% on Q1 2013.

Quarterly throughput at the Sukari process plant was a record 1,418kt,
a 12% increase on the prior year period and a 1% increase on Q1 2013;
exceeding the nameplate annualised rate of 5 million tonnes for the
second successive quarter and primarily driven by continued high levels
of productivity and availability of the processing plant.


                                          Q2 2013  Q1 2013 Q2 2012
                                        (estimate)

Total Material Movement - Open Pit (kt)    11,020   10,550   6,579
Open Pit Ore Production (kt)                2,961    2,133   1,816
Underground Ore Production (kt)               142      119      72
Process Plant Throughput (kt)               1,418    1,402   1,269
Process Plant Productivity (tph)              699      689     652
Gold Produced (oz)                         93,624   87,016  67,422

Josef El-Raghy, Chairman of Centamin, commented:"The second quarter saw
continued improvements in mining and processing
productivity at the Sukari operation which, combined with average
grades in line with the mine plan, delivered a third successive quarter
of record output. With commissioning activities likely to see reduced
throughput in Q4 and the benefit of additional Stage 4 throughput to be
seen in 2014 our full year guidance of 320,000 ounces remains
unchanged."

Notice of Results
Centamin will announce its full Q2 Results at 7am (GMT) on Wednesday 14
August 2013 via the Regulatory News Service of the London Stock
Exchange and Marketwire on the Toronto Stock Exchange. A webcast and
conference call with the Centamin management team will be held at 9am
(GMT) on the day of the Q2 results announcement and a second call will
be held at 2pm (GMT) and 9am (EST/NY) for North American analysts and
investors Q&A. Details of the webcast and conference call numbers will
be announced at the time of the Q2 results.

For more information please contact:

Centamin plc                                      Buchanan
Josef El-Raghy, Chairman                          Bobby Morse
Andy Davidson, Head of Business Development and   Cornelia Browne
Investor Relations                                Gabriella Clinkard
( andy.davidson@centamin.co.uk )                    + 44 (0) 20 7466 5000
+44 (0) 20 7569 1671



                    This information is provided by RNS
          The company news service from the London Stock Exchange

END

Contact Information