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Press release from Marketwire

Centamin PLC-Q1 Preliminary Production Results

Tuesday, April 09, 2013

Centamin PLC-Q1 Preliminary Production Results

02:00 EDT Tuesday, April 09, 2013

PERTH, AUSTRALIA--(Marketwired - April 08, 2013) -

For immediate release 9 April 2013 Centamin plc ("Centamin" or "the Company") (LSE:CEY, TSX:CEE) Q1 Preliminary Production ResultsCentamin is pleased to announce preliminary production results from itsSukari Gold Mine ("Sukari") in Egypt for the quarter ended 31 March2013.Total gold production for the quarter was a record 87,016 ounces, a 77%increase on the corresponding quarter in 2012 and a 2% increase on Q42012. Formal guidance for the current year, provided on 14 March 2013,is 320,000 ounces gold at a cash operating cost of US$700 per ounce.Open pit total material movement of 10,550kt increased 56% and oreproduction of 2,133kt was up 11% on Q4 2012. The underground minedelivered 119kt, up 6% on Q4 2012. The run of mine ore stockpilebalance increased by 38kt to 759kt at the end of the period.Quarterly throughput at the Sukari process plant was a record 1,402kt,a 37% increase on the prior year period and a 12% increase on Q4 2012;exceeding the nameplate annualised rate of 5 million tonnes. Thisperformance was driven by continued high levels of productivity coupledwith a reduced impact from stoppages compared with the previousquarter. Q1 2013 Q4 2012 Q1 2012 (estimate)Total Material Movement - Open Pit(kt) 10,550 6,739 4,819Open Pit Ore Production (kt) 2,133 1,916 1,003Underground Ore Production (kt) 119 112 72Process Plant Throughput (kt) 1,402 1,250 1,020Process Plant Productivity (tph) 689 686 656Gold Produced (oz) 87,016 85,413 49,071Josef El-Raghy, Chairman of Centamin, commented:"Following on from record2012 financial results, the team at Sukarihave delivered a second successive quarter of record gold production,with further improvements across all areas of the operation. Thismarks a solid start to the year and output remains on target to achievethe 2013 guidance of 320,000 ounces. With the plant running atconsistently high levels of productivity, the processing function iswell placed to deliver the next step change in throughput from theStage 4 expansion, which remains on course to complete commissioning bythe end of the year."Notice of ResultsCentamin will announce its Q1 Results on Wednesday 15 May 2013.Theannouncement will be screened via the Regulatory News Service of theLondon Stock Exchange and via Marketwire on the Toronto Stock Exchangeat 7am (UK time).For more information please contact:Centamin plc BuchananJosef El-Raghy, Chairman Bobby MorseAndy Davidson, Head of Business Development and Cornelia BrowneInvestor Relations Gabriella Clinkard( + 44 (0) 20 746 5000+44 (0) 20 7569 1671 This information is provided by RNS The company news service from the London Stock ExchangeEND


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