Centamin Up 4 Percent on Higher Production

Egypt-focused Centamin (LSE:CEY,TSX:CEE) was up 4 percent in London after the company released production numbers for 2013, The Guardian reported on Monday.

As quoted in the market news:

[D]espite the violence and uncertainty about its right to mine at its Sukari site, the company has reported total output of 356,943 ounces of gold for 2013, above October’s guidance of 320,000 ounces. Chairman Josef El-Raghy said:

We look forward to delivering a further successive year of growth in 2014 as the plant expansion drives the continued ramp-up towards our 450,000 to 500,000 ounce per annum long-term target.

Read the full article in The Guardian’s MarketForcesLive blog