- Centamin benefits from slowly rising gold prices
- Costs come in under budget
Centamin (CEY) delivered largely what it said it would in its fourth-quarter trading update, with several of the company’s key performance indicators taking on a decent shine. For example, total capital expenditure for the year came in at a notably low $204mn (£161mn), compared with the $272mn that management had forecast. Significantly lower diesel prices in the fourth quarter and changes to the equipment build schedule were apparently the reasons for this.