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Centamin – positive 2023 results and a better outlook, Buy

By Tom Winnifrith & Steve Moore | Wednesday 27 March 2024


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.


Gold miner in Egypt, Centamin (CEY) has announced results for the 2023 calendar year emphasising that it was the third consecutive year of delivery into production guidance while beating all-in sustaining cost and capex forecasts, and reiterating 2024 gold production guidance of 470,000-500,000 ounces. This sounds like good news and the shares are currently up to 107p.
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