Financial News

Centamin stock price hits a 10-year high as production rises

By: Invezz

Shares of Centamin (LON: CEY) surged 2% higher yesterday to trade above GBX193 for the first time since 2010. Centamin, a gold-mining firm operating mostly in Egypt, reported an increase in its production levels in the Q2.  Fundamental analysis: New opportunities identified Centamin said its production levels in the second quarter were at 130,994 ounces of gold from the main Sukari mine in Egypt. This number exceeded expectations as the gold miner extracted 125,090 ounces of gold in the first quarter.  “Today’s results reflect a good first half performance for 2020. We remain confident we are on track to meet

The post Centamin stock price hits a 10-year high as production rises appeared first on Invezz.

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