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Centamin directors buy after earnings report

On Aug. 14, Egyptian gold miner Centamin PLC reported earnings of 3.87 cents (U.S.) per basic share for the second quarter, down from 5.15 cents in the same period last year.

The company also reported cash cost of production of $565 per ounce for the latest period. Centamin has no long-term debt and is unhedged. It expects to produce 250,000 ounces this year.

Between Aug. 17 and 21, two directors each bought 30,000 shares in the public market. The stock trades in both London and Toronto.

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Ted Dixon is CEO of INK Research which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section at Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities.

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