Centamin quashes press report
Egypt-focused gold miner Centamin's share price plummeted on Monday morning on the back of reports in an Egyptian newspaper which cited an un-named government source as stating that there have been breaches of the company´s concession agreement.
Egypt-focused gold miner Centamin's share price plummeted on Monday morning on the back of reports in an Egyptian newspaper which cited an un-named government source as stating that there have been breaches of the companys concession agreement.
The firm, however, has been quick to refute the report, saying there have been no such breaches, that no notice of breaches has been served and that operations at its principle asset, the Sukari gold mine, continue as normal.
As of 10:22 shares of Centamin are down by 11.44% to the 65.05p mark.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
AB
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Oil price stays steady as tensions in Middle East boils over
Oil prices surged after Israel's attack on Iran, but the global market for the commodity is forecast to remain well-supplied until 2030
-
Israel attacks Iran – will the US join the conflict?
Opinion The two countries have been exchanging fire since Israel launched air strikes against Iranian nuclear facilities and infrastructure on Friday 13 June. But without US involvement, it may only have created a “wounded big beast”