Market Update

RNS Number : 9663R

Centamin PLC

26 November 2012

 



For immediate release

26 November 2012

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

(LSE:CEY, TSX:CEE)

Market update

Centamin announces that the appeal against the 30th October Administrative Court judgment is currently being filed through its subsidiary Pharaoh Gold Mines ("PGM").

Operations and the Stage 4 expansion project at Sukari have continued as normal since the Court judgment and are planned to continue to do so whilst the appeal process is underway.

The Company took the decision to suspend gold exports pending the lodgement of the appeal.  As the appeal is now being lodged we are preparing to resume exports.  The Company manages its working capital in country through gold sales and consequently a gold shipment is required shortly to ensure that on-going working capital commitments can be met.

For more information please contact:

Centamin plc Josef El-Raghy, Chairman [phone] Andy Davidson, Head of Business Development and Investor Relations ([e-mail]) [phone]

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

 

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