Centamin (CEY)'s share price has rocketed by nearly 50 per cent since early August, as a rising gold price and higher gold production mean our longstanding buy tip is finally back in the money.
IC TIP:
Buy
at
98p
The Egypt-focused gold miner increased gold output to 60,922 ounces in the third quarter, up 20 per cent on the same period last year, although this was down 10 per cent on the preceding quarter due to a short strike and scheduled mill maintenance. Production, nevertheless, remains on track to meet full-year guidance of 250,000 ounces in 2012.
