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Press release from Marketwire

Centamin PLC-Q2 Preliminary Production Results

Tuesday, July 09, 2013

Centamin PLC-Q2 Preliminary Production Results

02:00 EDT Tuesday, July 09, 2013

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

For immediate release 9 July 2013 Centamin plc ("Centamin" or "the Company") (LSE:CEY, TSX:CEE) Q2 Preliminary Production ResultsCentamin is pleased to announce preliminary production results from itsSukari Gold Mine ("Sukari") in Egypt for the quarter ended 30 June2013.Total gold production for the quarter was a record 93,624 ounces (yearto date 180,640 ounces), a 39% increase on the corresponding quarter in2012 and 8% higher than Q1 2013. Formal guidance for the current yearwas provided on 14 March 2013 and remains at 320,000 ounces gold at acash operating cost of US$700 per ounce.Open pit total material movement increased 4% from Q1 2013 to 11,019ktand open pit ore production increased 39% on Q1 2013 to 2,961kt whichled to an increase in the run of mine ore stockpile balance of 432kt to1,191kt at the end of the period. The underground mine delivered142kt, 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 thesecond successive quarter and primarily driven by continued high levelsof productivity and availability of the processing plant. Q2 2013 Q1 2013 Q2 2012 (estimate)Total Material Movement - Open Pit (kt) 11,020 10,550 6,579Open Pit Ore Production (kt) 2,961 2,133 1,816Underground Ore Production (kt) 142 119 72Process Plant Throughput (kt) 1,418 1,402 1,269Process Plant Productivity (tph) 699 689 652Gold Produced (oz) 93,624 87,016 67,422Josef El-Raghy, Chairman of Centamin, commented:"The second quarter sawcontinued improvements in mining and processingproductivity at the Sukari operation which, combined with averagegrades in line with the mine plan, delivered a third successive quarterof record output. With commissioning activities likely to see reducedthroughput in Q4 and the benefit of additional Stage 4 throughput to beseen in 2014 our full year guidance of 320,000 ounces remainsunchanged."Notice of ResultsCentamin will announce its full Q2 Results at 7am (GMT) on Wednesday 14August 2013 via the Regulatory News Service of the London StockExchange and Marketwire on the Toronto Stock Exchange. A webcast andconference call with the Centamin management team will be held at 9am(GMT) on the day of the Q2 results announcement and a second call willbe held at 2pm (GMT) and 9am (EST/NY) for North American analysts andinvestors Q&A. Details of the webcast and conference call numbers willbe announced at the time of the Q2 results.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 7466 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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