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Centamin plc: Q4 Preliminary Production Results

PERTH, AUSTRALIA -- (Marketwired) -- 01/06/14 --

 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 Results


Centamin is pleased to announce preliminary production results from its
Sukari Gold Mine ("Sukari") in Egypt for the quarter ended 31 December
2013.

Total gold production for the quarter was 91,546 ounces, a 7% increase
on the corresponding quarter in 2012 and 8% higher than Q3 2013. This
brings full year production to 356,943 ounces, a 36% increase on 2012
and above guidance of 320,000 ounces.

Open pit total material movement decreased 8% from Q3 2013 to 9,642kt
and open pit ore production decreased 7% on Q3 2013 to 3,161kt. The run
of mine ore stockpile balance increased by 219kt to 1,756kt at the end
of the period. The underground mine delivered 174kt of ore, up 15% on
Q3 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 the
fourth successive quarter with continued high levels of productivity
and availability.

Formal guidance for the current year will be provided during the first
quarter.


                                      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   1,916

Underground Ore Production (kt)       174               152     111

Process Plant Throughput (kt)         1,400             1,463   1,250

Process Plant Productivity (tph)      698               715     686

Gold Produced (oz)                    91,546            84,757  85,413



Josef El-Raghy, Chairman of Centamin, commented:"Consistently high levels
of productivity have been achieved at Sukari
throughout 2013, with minimal impact from unplanned stoppages or the
start of Stage 4 commissioning activities. Full year production is
ahead of guidance, as indicated in the Q3 results, and we look forward
to delivering a further successive year of growth in 2014 as the plant
expansion drives the continued ramp-up towards our 450-500,000 ounce
per annum long-term target. Despite the weak gold price environment,
we again exit the year with a robust financial and operating base on
which to continue delivering our growth strategy."

For more information please contact:

Centamin plc                                      Buchanan

Josef El-Raghy, Chairman                          Bobby Morse, Cornelia
                                                  Browne
Andy Davidson, Head of Business Development and
Investor Relations                                Gabriella Clinkard
([email protected]) +44 (0) 1534 828708   +44 (0) 20 7466 5000




                    This information is provided by RNS
          The company news service from the London Stock Exchange

END

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