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Centamin – 2019 production numbers missed; a sell? Er, no…..

By Nigel Somerville | Friday 10 January 2020


Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Fully-listed Egyptian gold producer Centamin (CEY) has released its FY19 production numbers – showing that the company missed the lower end by around 10,000 oz gold. Whilst a bit of a disappointment, the shares are actually up on the news as 2020 production guidance is unchanged and whilst the company had hoped to scrape in with 490,000 ounces, after a difficult year it is not entirely surprising that it didn’t quite make it...

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