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Press release from Marketwire

Centamin plc: Q4 Preliminary Production Results

Monday, January 06, 2014

Centamin plc: Q4 Preliminary Production Results

02:00 EST Monday, January 06, 2014

PERTH, AUSTRALIA--(Marketwired - January 05, 2014) -

 Centamin plc (LSE: CEY) (TSX: CEE)(LSE:CEY, TSX:CEE)For immediate release 06 January 2014 Centamin plc ("Centamin" or "the Company") Q4 Preliminary Production ResultsCentamin is pleased to announce preliminary production results from itsSukari Gold Mine ("Sukari") in Egypt for the quarter ended 31 December2013.Total gold production for the quarter was 91,546 ounces, a 7% increaseon the corresponding quarter in 2012 and 8% higher than Q3 2013. Thisbrings full year production to 356,943 ounces, a 36% increase on 2012and above guidance of 320,000 ounces.Open pit total material movement decreased 8% from Q3 2013 to 9,642ktand open pit ore production decreased 7% on Q3 2013 to 3,161kt. The runof mine ore stockpile balance increased by 219kt to 1,756kt at the endof the period. The underground mine delivered 174kt of ore, up 15% onQ3 2013.Quarterly throughput at the Sukari process plant was 1,400kt, a 12%increase on the prior year period and a 4% decrease on Q3 2013,exceeding the nameplate annualised rate of 5 million tonnes for thefourth successive quarter with continued high levels of productivityand availability.Formal guidance for the current year will be provided during the firstquarter. Q4 2013 Q3 2013 Q4 2012 (estimate)Total Material Movement - Open Pit 9,642 10,506 6,739(kt)Open Pit Ore Production (kt) 3,161 3,409 1,916Underground Ore Production (kt) 174 152 111Process Plant Throughput (kt) 1,400 1,463 1,250Process Plant Productivity (tph) 698 715 686Gold Produced (oz) 91,546 84,757 85,413Josef El-Raghy, Chairman of Centamin, commented:"Consistently high levelsof productivity have been achieved at Sukarithroughout 2013, with minimal impact from unplanned stoppages or thestart of Stage 4 commissioning activities. Full year production isahead of guidance, as indicated in the Q3 results, and we look forwardto delivering a further successive year of growth in 2014 as the plantexpansion drives the continued ramp-up towards our 450-500,000 ounceper annum long-term target. Despite the weak gold price environment,we again exit the year with a robust financial and operating base onwhich to continue delivering our growth strategy."For more information please contact:Centamin plc BuchananJosef El-Raghy, Chairman Bobby Morse, Cornelia BrowneAndy Davidson, Head of Business Development andInvestor Relations Gabriella Clinkard( +44 (0) 1534 828708 +44 (0) 20 7466 5000 This information is provided by RNS The company news service from the London Stock ExchangeEND


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