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| Shares in Centamin Egypt up 2.8% |
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| Written by Egypt News | |
| Monday, 29 June 2009 | |
Shares in Aim-listed Centamin Egypt rise 2.8 percent as the
gold miner announces it has started production at its Sukari project,
prompting Evolution Securities to repeat its "buy" rating and up its
target price to 97 pence from 50 penceThe first gold pour is on schedule, "meaning that its target of full production by fourth quarter should be achievable", according to Evolution Securities
"This is a key milestone which marks the start of the ramp up to full production over the coming months. Sukari should soon produce gold at a rate of 200,000oz/year."
EGYPT NEWS
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