Centamin 2015 forecast disappoints analysts

[miningmx.com] – GOLD mining company, Centamin, forecast production in 2015 of 420,000 ounces from its only operation in Egypt – an estimation Reuters said would disappoint analysts.

“The focus today will be on 2015 guidance and we expect the market to be very disappointed with the 420,000 ounce expectation,” Panmure Gordon analyst Alison Turner said in a note to clients.

Brokerage Peel Hunt was expecting the company to produce 445,000 ounces of gold from the mine, said Reuters. Shares in Centamin fell as much as 3.3%, making the stock one of the top percentage losers on the FTSE-250 Midcap Index.

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