Analyst Views: Were Centamin’s results golden?
DMITRY KALACHEV | CANACCORD GENUITY
The results are positive and substantially better than we expected as we had based our forecast on the company’s guidance of lower production in [the quarter]. It may be the case that Stage 4 commissioning started at the end of the quarter and quarterly production has not yet been affected.
JONATHAN JACKSON | KILLIK
Gold production was ahead of expectations over the quarter, up eight per cent quarter-on-quarter to 91,456oz… This has been attributed to there being minimal impact on production from the start of Stage 4 commissioning activities at the Sukari mine.
MAURICE MASON | PEEL HUNT
As expected, Centamin exceeded production guidance for the year by 12 per cent… 2013 was a good consolidation year for Centamin after the difficulties of 2012. The company has continued to deliver on the expansion plans at Sukari and is now in the process of ramping up production.