Centamin PLC Notification - Q4 & Prelim Production Result (2169Z)
09 Enero 2020 - 1:00AM
UK Regulatory
TIDMCEY
RNS Number : 2169Z
Centamin PLC
09 January 2020
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR
INDIRECTLY (IN WHOLE OR IN PART) IN, INTO OR FROM ANY JURISDICTION
WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF
SUCH JURISDICTION
FOR IMMEDIATE RELEASE
9 January 2020
Centamin plc
("Centamin" or "the Company")
(LSE:CEY, TSX:CEE)
Notification of Q4 Report and Preliminary Production Result
for the three months ended 31 December 2019
Centamin will release its detailed Quarterly Report for the
three months ended 31 December 2019 ("Q4") on January 30, 2020. The
Company will host a conference call and webcast at 08.30 GMT on the
same day.
Preliminary production results
-- Q4 gold production at the Sukari Gold Mine was 148,387
ounces, a 51% improvement on the previous quarter, driven by
improved feed grade, metallurgical recoveries and year-end plant
drawdown of gold-in-circuit;
-- 2019 gold production was 480,529 ounces, a 2% improvement on the previous year; and
-- 2020 production guidance is unchanged at 510,000-540,000 ounces.
Ross Jerrard, CEO commented: "As expected, the fourth quarter
production result represents one of the strongest quarterly results
from Sukari and is a significant achievement for our operational
team. During 2019 there have been substantial changes in senior
management and this transition in leadership is beginning to be
reflected in our improved operating performance."
For more information, please visit the website www.centamin.com
or contact:
Centamin plc Buchanan Communications
Ross Jerrard, Chief Executive Officer Bobby Morse
Alexandra Carse, Investor Relations Chris Judd
+44 (0) 7700 713 738 + 44 (0)20 7466 5000 centamin@buchanan.uk.com
alexandra.carse@centamin.je
__________________________________________________________________________
Publication on Website
A copy of this announcement will be made available (subject to
certain restrictions relating to persons resident in restricted
jurisdictions) at www.Centamin.com no later than 12:00 noon (UK
time) on the business day following the date of this announcement
in accordance with Rule 26.1(a) of the City Code on Takeovers and
Mergers. The content of the website referred to in this
announcement is not incorporated into and does not form part of
this announcement.
Forward-looking Statements
This announcement (including information incorporated by
reference) contains "forward-looking statements" and
"forward-looking information" under applicable securities laws
(collectively, "forward-looking statements"), including statements
with respect to future financial or operating performance.
Generally, these forward-looking statements can be identified by
the use of forward-looking terminology such as "believes",
"expects", "expected", "budgeted", "forecasts" and "anticipates".
Although Centamin believes that the expectations reflected in such
forward-looking statements are reasonable, Centamin can give no
assurance that such expectations will prove to be correct.
Forward-looking statements are prospective in nature and are not
based on historical facts, but rather on current expectations and
projections of the management of Centamin about future events and
are therefore subject to known and unknown risks and uncertainties
which could cause actual results to differ materially from the
future results expressed or implied by the forward-looking
statements. In addition, there are a number of factors that could
cause actual results, performance, achievements or developments to
differ materially from those expressed or implied by such
forward-looking statements; general business, economic,
competitive, political and social uncertainties; the results of
exploration activities and feasibility studies; assumptions in
economic evaluations which prove to be inaccurate; currency
fluctuations; changes in project parameters; future prices of gold
and other metals; possible variations of ore grade or recovery
rates; accidents, labour disputes and other risks of the mining
industry; climatic conditions; political instability; decisions and
regulatory changes enacted by governmental authorities; delays in
obtaining approvals or financing or completing development or
construction activities; and discovery of archaeological ruins.
There can be no assurance that forward-looking statements will
prove to be accurate, as actual results and future events could
differ materially from those anticipated in such information or
statements. Forward-looking statements contained herein are made as
of the date of this announcement and the Company disclaims any
obligation to update any forward-looking statement, whether as a
result of new information, future events or results or otherwise.
Accordingly, readers should not place undue reliance on
forward-looking statements.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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