Fully-listed Egyptian Gold producer Centamin (CEY) offered up half-year results to June this morning. With Gold having increased in price, I was hoping for a decent set of numbers and the first sign of increased dividend payments since the ground movement fiasco shortly after the current management team took office.
Gold closed the week at $2,401 – down a shade on last week’s $2,410 but a bit of a disappointment given that having put in a new all-time high at around $2,480 earlier in the week and came within a whisker of breaching $2,500.
Fully-listed Gold producer in Egypt, Centamin (CEY) has released news of the early completion of a waste stripping programme at its Sukari mine in Egypt, and the Definitive Feasibility Study (DFS) for its Doropo project in Cote d’Ivoire. Both are pleasing developments – the latter especially so.
AIM-listed ladies fashionwear outfit Sosandar (SOS) released its full-year numbers to March this morning and for all the positive vibe over the past few months, they disappointed and missed forecasts. Curiously, the shares dropped yesterday…but as we all know, there is no insider dealing on the world’s most successful growth market so it seems that someone just got very lucky.
Gold closed the week at $2,410 – a good improvement on last week’s $2,389 and back over the $2,400 mark. Indeed, it closed around 1% off its all-time high. One might have suggested a new high point is on the cards within days but the assassination attempt overnight on Donald Trump, in my view, now makes that a certainty. What grim times we live in.
AIM-listed Ariana Resources (AAU) this morning announced yet another upward revision regarding is recently acquired Dokwe project in Zimbabwe, the latest being a 16% increase to the in-pit JORC 2012 Measured and Indicated Resource at both Dokwe North and Dokwe Central to a total of 1.2 million ounces.
Gold closed the week at $2,389 – a big lift on last week’s $2,326 and through the upper boundary of the recent range-trading between c. $2,300-$2,360. The renewed strength seems to be being put down to poor economic data but I cannot help sensing the uncertainty over President Biden is contributing.
Gold closed the week at $2,326 – marginally up on last week’s $2,320 but still essentially going nowhere even though it has just notched up a third consecutive quarterly high. That’s all very well, but for now it remains in a correction.
AIM-listed Mediazest (MDZ) released its interims results to March 31 2024 on Friday – deadline day, and never a good sign. The numbers were, as usual, just awful.
AIM-listed Gold producer Ariana Resources (AAU) released its full-year numbers for calendar 2023 this morning, along with an interesting announcement concerning the use of a new “detectORE” technology. Mr Market seems unimpressed, but I think Mr Market is just wrong.