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Centamin PLC: Market Update


Centamin PLC: Market Update

PERTH, AUSTRALIA -- (Marketwire) -- 11/26/12 -- *T

TSXV: IEA

For immediate release 26 November 2012

Centamin plc ("Centamin" or "the Company")

(LSE:CEY, TSX:CEE)

Market update

Centamin announces that the appeal against the 30th October Administrative Court judgment is currently being filed through its subsidiary Pharaoh Gold Mines ("PGM").

Operations and the Stage 4 expansion project at Sukari have continued as normal since the Court judgment and are planned to continue to do so whilst the appeal process is underway.

The Company took the decision to suspend gold exports pending the lodgement of the appeal. As the appeal is now being lodged we are preparing to resume exports. The Company manages its working capital in country through gold sales and consequently a gold shipment is required shortly to ensure that on-going working capital commitments can be met.

For more information please contact:

Centamin plc Buchanan Josef El-Raghy, Chairman Bobby Morse +44 207 569 1670 Cornelia Browne Andy Davidson, Head of Business Development and Gabriella Clinkard Investor Relations + 44 (0)20 7466 5000 (andy.davidson@centamin.co.uk) +44 (0) 20 7569 1671

This information is provided by RNS

The company news service from the London Stock Exchange

END


 
 
 
Contacts:
RNS
Customer
Services
0044-207797-4400
rns@londonstockexchange.com
http://www.rns.com

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