Weak gold price hits FY profits at Centamin
21st Mar 2016 07:23
(ShareCast News) - A weaker gold price hit full year profits at miner Centamin, which fell to $58.4m from from $81.5m despite a jump in revenue to $508.4m from $472m. Annual production rose 16% to 439,072 ounces - within the company's revised guidance range. Cash operating costs of $713 per ounce w
Read moreSectors movers: Precious metals miners shine, banks hit by Fed
17th Mar 2016 16:08
(ShareCast News) - A charge of the large cap mining brigade kept the FTSE 100 index just in positive territory through Thursday afternoon. Boosted by the weaker dollar, commodity prices perked up, with copper up 2%, iron ore strengthening even more and precious metals sparkling. "Gold has found its
Read moreFTSE 250 movers: Fidessa and pub companies lead rise
15th Feb 2016 13:04
(ShareCast News) - UK midcaps were chasing their blue chip brethren higher on Monday as bargain hunters regained confidence. By late afternoon the FTSE 250 was 1.9% higher at 15,725.05. Enterprise Inns frothed higher after investors took courage from chairman Robert Walker shelling out just over £50
Read moreFTSE 250 movers: Miners a drag on second tier
18th Jan 2016 15:25
(ShareCast News) - The FTSE 250 continued to slide on Monday, dropping 188.52 points (1.17%) to 15,972.08 by mid-afternoon. Vedanta Resources led a bunch of miners featuring on the fallers list, after JP Morgan Cazenove re-evaluated its stance on the mining sector. In a note released on Monday, the
Read moreFTSE 250 movers: Oil prices help market stay mostly in the black
13th Jan 2016 15:23
(ShareCast News) - The FTSE 250 was in the black for most of Wednesday, before a sharp fall late in the afternoon sent it into the red. The second-tier market was down 2.79 points (0.02%) to 16,685.12 under an hour before the market was due to close. Oil and gas producers and service providers were
Read moreCentamin hits gold targets at Sukari, but marred by fatality
7th Jan 2016 07:44
(ShareCast News) - Gold-mining company Centamin has produced a set of mostly positive production results for the fourth quarter at its Sukari Mine in Egypt. The FTSE 250 company said on Thursday that total gold production for the quarter was 117,644 ounces, up 12% on the previous quarter but an 8% d
Read moreFTSE 250 movers: China stimulus hopes boost commodity producers
22nd Dec 2015 15:14
(ShareCast News) - The FTSE 250 was up 0.49% to 17,162.29 points, led by mining companies after China's government hinted at further stimulus measures. The Chinese government said monetary policy must be more "flexible" and fiscal policy more "forceful" , according to a statement release at th
Read moreSunday share tips: William Hill, gem miners, Centamin
8th Nov 2015 12:16
(ShareCast News) - Despite the problems at William Hill, its shares are worth buying, said the Sunday Times' Inside the City column. The bookmaker's stock has tumbled more than a fifth since May, with a profit warning last month bringing further worries to a head. The company has been left on the si
Read moreThursday broker round-up
22nd Oct 2015 10:20
(ShareCast News) - Centamin (di): Goldman Sachs starts new coverage with a buy, sets target price at 80.00p. Lonmin: JP Morgan Cazenove upgrades to overweight, raises target price to 35.00p. Pearson: JP Morgan Cazenove downgrades to neutral. Target price: 1080.00p. Hays: Credit Suisse upgrades to
Read moreCentamin quarterly gold production remains flat
8th Oct 2015 08:06
(ShareCast News) - Centamin has revealed gold production from its Sukari Gold Mine in Egypt is up 13% on the previous year for Q3, but flat from the previous quarter. The FTSE 250 company released its preliminary production results for the three months to 30 September. It reported total gold produc
Read moreCentamin says reserve estimate at Sukari helped by lower fuel prices
10th Sep 2015 08:03
(ShareCast News) - Centamin on Thursday said the fall in fuel prices has had a "positive impact" on the reserve estimate at the Sukari mine in Egypt. The company reported a total combined open pit and underground mineral reserve estimate of 8.8m ounces (oz), an increase of 7% compared to the end of
Read moreCitigroup ups Centamin to 'buy', points to stabilisation in Egypt
13th Aug 2015 12:23
(ShareCast News) - Citigroup upgraded Centamin to 'buy' from 'neutral' and set a new price target of 76p, pointing to a stabilisation of the political situation in Egypt. "During Egypt's more politically-troubled period, we decided that it was not advisable to set a target price for the group and ra
Read moreFTSE 250 movers: Gold miners lifted as mid-caps trip on China's currency fiddling
12th Aug 2015 16:12
(ShareCast News) - The FTSE 250 tumbled in early trading and by the close of the session was down 1.3% at 17,438.09 points. There were a few stocks in positive territory, however, with a three-week haven-inspired high in gold prices helping gold-miners Centamin and Acacia Mining top the second-line
Read moreCentamin hikes dividend as interim pre-tax profit rises
12th Aug 2015 08:22
(ShareCast News) - Gold miner Centamin hiked its interim dividend by 11% after reporting an increase in pre-tax profit in the first six months of the year. The group saw its first half pre-tax profit jump 48.5% year-on-year to $47.4m, while revenue rose 26.4% to $259.7m and pre-tax profit before exc
Read moreFTSE 250 movers: Mitchells and Butlers surges on upgrade, miners lower
22nd Jul 2015 14:40
(ShareCast News) - Mid-caps edged lower on Wednesday, as gains in the construction and insurance sectors were eclipsed by weakness from technology, mining, engineering and oil stocks. As of 1600 BST, the FTSE 250 was trading 0.5% lower at 17,660. Mitchells & Butlers topped the risers after Numis ra
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