| House Positions for C:CEE from 20100924 to 20100924 |
| House | Bought | $Val | Ave | Sold | $Val | Ave | Net | $Net |
| 2 RBC | 499,381 | 1,494,667 | 2.993 | 38,636 | 115,632 | 2.993 | 460,745 | -1,379,035 |
| 39 Merrill Lynch | 84,000 | 251,652 | 2.996 | 200 | 596 | 2.98 | 83,800 | -251,056 |
| 9 BMO Nesbitt | 41,700 | 125,322 | 3.005 | 18,650 | 55,858 | 2.995 | 23,050 | -69,464 |
| 13 Instinet | 10,400 | 31,090 | 2.989 | 0 | 10,400 | -31,090 | ||
| 124 Questrade | 5,000 | 14,900 | 2.98 | 0 | 5,000 | -14,900 | ||
| 1 Anonymous | 15,900 | 47,853 | 3.01 | 15,200 | 45,517 | 2.995 | 700 | -2,336 |
| 83 Mackie | 203 | 612 | 3.015 | 81 | 244 | 3.012 | 122 | -368 |
| 57 Interactive | 0 | 150 | 451 | 3.007 | -150 | 451 | ||
| 85 Scotia | 0 | 2,500 | 7,605 | 3.042 | -2,500 | 7,605 | ||
| 101 Newedge | 4,600 | 13,846 | 3.01 | 9,300 | 27,776 | 2.987 | -4,700 | 13,930 |
| 46 Macquarie | 6,000 | 18,070 | 3.012 | 11,200 | 33,664 | 3.006 | -5,200 | 15,594 |
| 5 Penson | 32,700 | 97,961 | 2.996 | 38,500 | 114,953 | 2.986 | -5,800 | 16,992 |
| 99 Jitney | 19,400 | 58,084 | 2.994 | 36,200 | 108,626 | 3.001 | -16,800 | 50,542 |
| 33 Canaccord | 0 | 20,000 | 60,100 | 3.005 | -20,000 | 60,100 | ||
| 80 National Bank | 44,700 | 134,304 | 3.005 | 66,500 | 198,418 | 2.984 | -21,800 | 64,114 |
| 74 GMP | 225,300 | 678,654 | 3.012 | 272,300 | 820,632 | 3.014 | -47,000 | 141,978 |
| 73 Cormark | 0 | 89,000 | 268,804 | 3.02 | -89,000 | 268,804 | ||
| 79 CIBC | 146,700 | 439,732 | 2.997 | 273,000 | 817,350 | 2.994 | -126,300 | 377,618 |
| 7 TD Sec | 26,100 | 78,583 | 3.011 | 270,667 | 809,104 | 2.989 | -244,567 | 730,521 |
| TOTAL | 1,162,084 | 3,485,330 | 2.999 | 1,162,084 | 3,485,330 | 2.999 | 0 | 0 |
2010-09-23 09:37 ET - In the News
See In the News (C-NWI) Nuinsco Resources Ltd
The Financial Post reports in its Thursday, Sept. 23, edition that Nuinsco Resources hopes to seal a concession agreement in Egypt's eastern desert before the year is over, allowing it to explore an area where pharaohs once dug up gold to gild amulets and sarcophagi.
A Reuters dispatch to the Post reports that Egypt's gold mining industry, dating back to the days of Tutankhamun, faded in the twentieth century largely because of curbs on foreign investment imposed by President Gamal Abdel Nasser but changes to Egypt's mining code in 2008 renewed interest.
Firms such as Nuinsco and Centamin Egypt are betting now that there is more gold beneath the pharaoh's relatively shallow trenches. Nuinsco president Paul Jones says, "If they were finding gold in a trench that was being dug down to six feet, there's no reason to think that the gold ended at the bottom of that trench." Nuinsco, a junior with a market capitalization of $12.8-million, must spend $2-million on exploration in its first year under the terms of the Bukari concession agreement.
The firm plans to begin some early sampling, prospecting and mapping next week. Mr. Jones says, "We'll be hitting the ground running."
Centamin Egypt lowers 2010 gold production forecast
2010-09-13 08:05 ET - News Release
Mr. Josef El-Raghy reports
CENTAMIN EGYPT LIMITED PRODUCTION UPDATE
Centamin Egypt Ltd. has provided a downward revision to its 2010 guidance. The company now expects gold production for 2010 to be in the range of 160,000 to 170,000 ounces of gold, due to the following combination of factors:
- In the process plant, intermittent SAG mill liner and lifter failures have continued throughout the quarter impacting steady state production. The company remains on track to change the polymetallic liner and lifter system to steel in October.
- Initial grade reconciliations against the original reserve model in the sulphide ore are indicating 10 per cent higher ore tonnes, however, at a grade 10 per cent lower. While overall resource and reserve ounces remain intact, in the short term, this has reduced expected gold production. An updated pit optimization is currently nearing completion using a slightly revised resource model developed by consultant Hellman and Schofield.
- While the supply of additional air and hydrogen peroxide into the flotation and leach circuits has been successful in increasing metallurgical recoveries to design level of 90 per cent, the implementation of these measures on a consistent and controlled basis is taking longer than anticipated and, as such, recoveries have been marginally lower.
- The reduction in production will have an expected commensurate increase in cash cost per ounce particularly in the current third quarter. However, unit costs remain in line with management forecasts, and the company remains confident of returning a total cost of around $400 per ounce in the final quarter of 2010.
- The company's expansion projects remain on schedule and budget, and the target for a 500,000-ounce production rate in 2012 remains unchanged.
Commenting on the revision, Josef El-Raghy, chairman of Centamin, said: "The short-term impediments to production performance highlighted above are well understood and are being progressively removed or resolved. Further adjustments to the production plant will be made throughout September, and we believe that the final quarter of 2010 will provide a more accurate demonstration of the normalized run rate of Sukari."
And the most recent News Says In Part:
The new ultimate pit design is now designed down to 608 metres RL, approximately 492 metres below the valley floor level.
Based on a 10-million-tonne-per-annum process plant coming on stream in 2012, this provides Sukari with a 25-year mine life from 2010, securing it as a long-term, low-cost significant gold producer. The company continues to maintain its strategy and schedule of an elevated cut-off grade feed to the process plant, followed by a significant plant expansion delivering a 500,000-ounce-per-annum production rate in 2012.
Importantly, an additional 1.41 million ounces of inferred mineralization was captured in the optimization of measured and indicated resources. The potential to convert these blocks to measured and indicated will further improve pit economics by lowering the existing strip ratio of 5.5 to 1 and increasing projected revenue streams.
The optimization was based on the most recent resource announced in Stockwatch on June 8, 2010, as well as a revised Hellman and Schofield model utilizing the most recent grade-control information to adjust the resource model parameters accordingly. A cut-off grade as low as 0.3 gram per tonne was used for the new reserve, as opposed to 0.4 g/t previously, reflecting the higher gold price and lower-grade oxide ore reporting to the dump leach.
The additional two million ounces of reserve have primarily been added in the Ra zone.
Significantly, the optimization was constrained from extending further to the north due to a lack of drilling and thus continues to remain open to further drill programs now being planned.
For comparative purposes, the company also reoptimized at a $700 gold price using the new resource model, adjusted for further information received from grade-control drilling, which resulted in a slightly lower grade and higher ore tonnes (see news release in Stockwatch of Sept. 13, 2010). As a result of this adjusted resource model and due to additional resource drilling, there is a subsequent increase of 370,000 ounces with a small decrease in average grade
| PRICES |
|
CEE.TO - Centamin Egypt Npv (TSX)
| Date | Open | High | Low | Last | Change | Volume | % Change |
| 09/21/10 | 2.980 | 3.000 | 2.910 | 3.000 | -0.070 | 1260307 | -2.28% |
| Period | Moving Average | Price Change | Percent Change | Average Volume |
| 5-Day | 2.934 | +0.460 | +18.11% | 1673277 |
| 20-Day | 2.839 | +0.240 | +8.70% | 1538927 |
| 50-Day | 2.688 | +0.560 | +22.95% | 1395525 |
| 100-Day | 2.528 | +0.930 | +44.93% | 2205199 |
| 200-Day | 2.275 | +0.630 | +26.58% | 2004269 |
| Year to Date | 2.297 | +0.920 | +44.23% | 1996112 |
| Period | Raw Stochastic | Stochastic %K | Stochastic %D | Average True Range |
| 9-Day | 82.54% | 76.46% | 65.23% | 0.137 |
| 14-Day | 82.54% | 77.19% | 67.43% | 0.122 |
| 20-Day | 82.54% | 77.40% | 68.21% | 0.113 |
| Period | Relative Strength | Percent R | Historic Volatility | MACD Oscillator |
| 9-Day | 61.32% | 17.46% | 80.25% | +0.184 |
| 14-Day | 60.28% | 17.46% | 64.63% | +0.170 |
| 20-Day | 59.72% | 17.46% | 56.65% | +0.184 |
| 50-Day | 57.91% | 15.07% | 44.83% | +0.336 |
| 100-Day | 56.17% | 9.73% | 49.22% | +0.496 |
| House Positions for C:CEE from 20100922 to 20100922 |
| House | Bought | $Val | Ave | Sold | $Val | Ave | Net | $Net |
| 2 RBC | 344,342 | 1,041,405 | 3.024 | 13,347 | 40,591 | 3.041 | 330,995 | -1,000,814 |
| 13 Instinet | 138,176 | 415,941 | 3.01 | 8,800 | 26,692 | 3.033 | 129,376 | -389,249 |
| 7 TD Sec | 133,200 | 395,368 | 2.968 | 7,400 | 22,344 | 3.019 | 125,800 | -373,024 |
| 39 Merrill Lynch | 65,000 | 195,488 | 3.008 | 200 | 606 | 3.03 | 64,800 | -194,882 |
| 33 Canaccord | 74,170 | 223,908 | 3.019 | 10,686 | 32,040 | 2.998 | 63,484 | -191,868 |
| 53 Morgan Stanley | 48,600 | 144,362 | 2.97 | 0 | 48,600 | -144,362 | ||
| 1 Anonymous | 80,200 | 238,636 | 2.976 | 37,300 | 111,188 | 2.981 | 42,900 | -127,448 |
| 11 MacQuarie | 30,900 | 90,846 | 2.94 | 0 | 30,900 | -90,846 | ||
| 85 Scotia | 25,489 | 75,746 | 2.972 | 18,300 | 54,779 | 2.993 | 7,189 | -20,967 |
| 101 Newedge | 6,900 | 20,565 | 2.98 | 4,200 | 12,630 | 3.007 | 2,700 | -7,935 |
| 81 HSBC | 1,395 | 4,115 | 2.95 | 0 | 1,395 | -4,115 | ||
| 124 Questrade | 1,000 | 2,990 | 2.99 | 0 | 1,000 | -2,990 | ||
| 65 Goldman | 500 | 1,495 | 2.99 | 0 | 500 | -1,495 | ||
| 58 Qtrade | 0 | 200 | 604 | 3.02 | -200 | 604 | ||
| 83 Mackie | 401 | 1,210 | 3.017 | 704 | 2,116 | 3.006 | -303 | 906 |
| 5 Penson | 44,400 | 133,626 | 3.01 | 45,600 | 136,645 | 2.997 | -1,200 | 3,019 |
| 9 BMO Nesbitt | 24,100 | 71,971 | 2.986 | 26,150 | 78,164 | 2.989 | -2,050 | 6,193 |
| 19 Desjardins | 0 | 4,000 | 11,960 | 2.99 | -4,000 | 11,960 | ||
| 46 Macquarie | 4,000 | 11,940 | 2.985 | 22,300 | 67,388 | 3.022 | -18,300 | 55,448 |
| 89 Raymond James | 0 | 20,700 | 61,893 | 2.99 | -20,700 | 61,893 | ||
| 99 Jitney | 41,100 | 122,939 | 2.991 | 83,200 | 249,706 | 3.001 | -42,100 | 126,767 |
| 79 CIBC | 347,932 | 1,043,639 | 3.00 | 391,400 | 1,171,260 | 2.992 | -43,468 | 127,621 |
| 80 National Bank | 57,900 | 174,438 | 3.013 | 131,700 | 397,254 | 3.016 | -73,800 | 222,816 |
| 62 Haywood | 0 | 81,900 | 247,261 | 3.019 | -81,900 | 247,261 | ||
| 66 Pope | 0 | 100,000 | 301,750 | 3.018 | -100,000 | 301,750 | ||
| 14 ITG | 2,000 | 5,920 | 2.96 | 180,518 | 533,817 | 2.957 | -178,518 | 527,897 |
| 74 GMP | 235,700 | 703,061 | 2.983 | 518,800 | 1,558,921 | 3.005 | -283,100 | 855,860 |
| TOTAL | 1,707,405 | 5,119,609 | 2.998 | 1,707,405 | 5,119,609 | 2.998 | 0 | 0 |
| Recent Bulletins |
| Date ET | Symbol | Price | Type | Headline |
| 2010-09-15 06:52 | CEE | 2.54 | News Release | Centamin's Sukari at 9.1 million oz at 1.15 g/t Au P+P |
| 2010-09-13 08:05 | CEE | 2.89 | News Release | Centamin Egypt lowers 2010 gold production forecast |
| 2010-09-01 14:09 | CEE | 2.87 | SEDAR MD & A | SEDAR MD & A |
| 2010-09-01 14:03 | CEE | 2.87 | SEDAR Annual Information Form | SEDAR Annual Information Form |
| 2010-09-01 13:57 | CEE | 2.87 | SEDAR Audited Annual Financial Statements | SEDAR Audited Annual Financial Statements |
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