🕐09.05.12 - 08:27 Uhr

CENTAMIN PLC RESULTS FOR THE QUARTER ENDED 31 MARCH 2012



Dear Sir/Madam Centamin plc ("Centamin" or "the Company") (LSE: CEY, TSX: CEE) is pleased to announce its results for the three months to 31 March 2012. HIGHLIGHTS � Q1 gold production of 49,071 ounces from the Sukari Gold Mine (�Sukari�), a 9% increase on Q1 2011 � Cash costs of US$637 per ounce (excluding additional fuel prepayments, see main text) � Average gold sales price received of US$1,694 per ounce � Underground mine achieved record quarterly material movement of 71,815t � Processing plant throughput of 1,020kt, an increase of 38% on Q1 2011 with record monthly mill throughput in January of 415,604t � Stage 4 (plant expansion to 10Mtpa) continues to progress well and is on track for commissioning to begin in Q1 2013.

Expenditure to date is US$99.3 million � With cash and liquid assets of US$175 million as at 31 March 2012, Centamin remains debt-free and unhedged � 2012 production guidance of 250,000 ounces maintained, with cash costs of US$550 per ounce at subsidised fuel prices � Drilling commenced at Una Deriam, the first of Centamin�s four exploration licenses in Ethiopia To view the full announcement, visit www.centamin.com and click Latest News. To unsubscribe from this list or edit your alerting preferences, visit http://www.centamin.com/centamin/media/email-alerts?page=quicklogin&email=



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