Denver Gold Group > Member Company Profile > Centamin Egypt Limited

Address

57 Kishorn Road
Mount Pleasant, WA 6153
Australia

Value Drivers

• Rapid growth profile – production ramping up to 500,000oz/annum by 2013
• Strong balance sheet - £201m cash (as at 30 June 2011), debt free and hedge free
• Large resource base (14.5Moz resources / 9.1Moz reserves) with significant exploration upside

Management

Chairman:	Josef El-Raghy
CEO/President/MD:	Harry Michael
CFO:	Pierre Louw
Other Key Staff:	Christopher Aujard, General Counsel and Company Secretary

IR Contact

Katharine Sutton
+61893162640
centamin@centamin.com.au
www.centamin.com

Cautionary Information

© Copyright 2012, Denver Gold Group & Centamin Egypt Limited.

Although every care has been taken to ensure that this data is accurate, Denver Gold Group cannot accept responsibility for sourcing variances, mistakes, errors or omissions or for any action taken in reliance thereon. Use of this data is governed by Denver Gold Group's Terms of Use. Certain information contained in this profile, including any information as to strategy, projects, plans or future financial or operating performance and other statements that express management's expectations or estimates of future performance, constitute "forward-looking statements". All statements, other than statements of historical fact, are forward-looking statements. The words "believe", "expect", "will", "anticipate", "contemplate", "target", "plan", "continue", "budget", "may", "intend", "estimate" and similar expressions identify forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual financial results, performance or achievements of the Company to be materially different from the Company's estimated future results, performance or achievements expressed or implied by those forward-looking statements and the forward-looking statements are not guarantees of future performance. These risks, uncertainties and other factors include, but are not limited to: the impact of global liquidity and credit availability on the timing of cash flows and the values of assets and liabilities based on projected future cash flows; changes in the worldwide price of commodities and energy inputs; fluctuations in currency markets; changes in global and national interest rates; risks arising from holding derivative instruments; the ability of the Company to complete or successfully integrate an announced acquisition proposal; legislative, political or economic developments in the jurisdictions in which the Company carries on business; operating or technical difficulties in connection with mining or development activities; employee relations; availability and costs associated with mining inputs and the construction of capital projects; the speculative nature of exploration and development, including the risks of obtaining necessary licenses and permits and diminishing quantities or grades of reserves; changes in costs and estimates associated with the Company’s projects; adverse changes in the Company's credit rating, level of indebtedness and liquidity, contests over title to properties, particularly title to undeveloped properties; the risks involved in the exploration, development and mining business, including, without limitation, environmental hazards. Certain of these factors are discussed in greater detail in the Company's most recent regulatory filings with various national securities and other authorities. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.

Centamin Egypt Limited

London Stock Exchange : CEY

Last Updated: September 14, 2011

Status:	Producer
Primary Mineral:	Gold
Primary Country of Operation:	Egypt

Centamin Egypt Limited is a mineral exploration development and mining company dual listed on the Main Market of the London Stock Exchange (LSE:CEY) and the Toronto Stock Exchange (TSX:CEE).

Centamin is a rapidly growing gold producer with our flagship project, the Sukari Gold Mine, located in the Eastern Desert of Egypt some 25km from the Red Sea coast. Gold production at Sukari commenced in June 2009 making Sukari the first modern mine in Egypt, a country which in ancient times was a prolific producer of the yellow metal.

In 2011, the mine is estimated to produce 200-210,000 ounces of gold at a cash cost of approximately US$550 per ounce.

With a resource of 10.99 million ounces Measured and Indicated, and 3.5 million ounces Inferred, and a 9.1 million ounce reserve base, the Company is implementing a rapid expansion program to increase production to circa 500,000 oz per year over the next three years. As the first and only significant developer of a modern mine in the country, the Company remains well positioned to realize further opportunities in other areas within its concession and expand into other prospective mineralized zones.

The Company’s unhedged and debt free position, coupled with a growing resource and reserve base in a relatively unexplored region, positions it to grow and deliver superior results to its shareholders as well as its stakeholders.

All data is attributable unless otherwise stated in footnotes. Mineral resources are exclusive of reserves unless otherwise stated in footnotes.

Other Markets Traded On

TSX:CEE

Top Shareholders

• Legal & General Group
• AEGON UK Group
• Massachusetts Mutual Life Insurance Company Group
• Ameriprise Financial Inc Group
• El-Raghy Kriewaldt Pty Ltd

Capital Structure

Common Shares Outstanding:	1,091,858,750
Float (%):	100
Options Outstanding:	2,630,150
Fully Diluted Shares:	1,094,488,900

Stock as of April 24, 2012

	Local: GBP	USD
Stock Price:	0.66	1.07
52-Week Range:	0.62 - 1.43	1.00 - 2.31
Market Cap:	726 MM	1,171 MM
Fully Diluted Market Cap:	727 MM	1,174 MM
1-Year Return:	-52.94%