4th Quarter Preliminary Production Results

RNS Number : 2750V

Centamin PLC

10 January 2012

 



For immediate release

10 January 2012

Centamin plc ("Centamin" or "the Company")

(LSE:CEY, TSX:CEE)

 4^th Quarter Preliminary Production Results

Centamin is pleased to announce its preliminary production results from its Sukari Gold Project in Egypt for the quarter ended 31 December 2011.

Total gold production for the quarter was 58,965 ounces, a 10% increase from the corresponding quarter in 2010 and a 16% increase on the previous quarter's production (Q3 2011). The resultant gold production was underpinned by record quarterly throughput in the Sukari process plant of 1,066kt (38% higher than the corresponding quarter in 2010 and 11% higher than Q3 2011), as the ramp up to higher production rates continued post-Stage 3 commissioning. 

2011 gold production totalled 202,698 ounces, an increase of 35% on 2010 production.

Both the open pit and underground achieved record material movement for the quarter.  The open pit delivered greater than 2.4Mt per month material movement for both October and November and 2.8Mt for December. Underground ore production for the quarter increased to 69,898t (up 20% on Q3 2011). With higher material movements from the open pit, the run of mine ore stockpile balance increased by 264kt to 720kt by the end of the quarter.

	Q4 2011 (estimate)	Q3 2011	Q4 2010
Total Material Movement - Open Pit (kt)	7,661	5,847	5,975
Process Plant Throughput (kt)	1,066	964	773
Underground Ore Production (kt)	70	58	-
Gold Produced (oz)	58,965	50,539	53,189

Josef El-Raghy, Chairman of Centamin, said: "The final quarter of 2011 saw Centamin deliver record performance on all operating fronts, which was a credit to our operating team who remained focussed and committed to successfully delivering on our targets during a challenging year.  The Company will provide a reserve and resource update and production guidance with the full quarterly results on 30 January 2012."

Notice of Results

Centamin will announce its results for the quarter ended 31 December 2011 (Q4) on Monday, 30 January 2012. The announcement will be screened via the Regulatory News Service of the London Stock Exchange and via Marketwire on the Toronto Stock Exchange at 7am (UK time). A conference call with the Centamin management team will be held at 11am (UK time) on the day of the Q4 results announcement. Dial in details for the conference call will be announced at the time of the Q4 results.

For more information please contact:

Centamin plc Katharine Sutton, Head of Investor Relations ([e-mail]) [phone]

Buchanan               Bobby Morse               Gabriella Clinkard               + 44 (0) 20 7466 5000

 

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