Centamin, the Egypt-focused miner, has lost around 10% of its value following local reports that the company had breached its concession agreement.
The company has issued a rebuttal, including denying there were problems at its Sukari gold mine. It said:
An un-named government source was quoted in a local Egyptian paper as stating there were breaches of the concession agreement. Centamin confirms there have been no such breaches, no notice of breaches has been served and operations at Sukari continue as normal.
But its shares are currently 7.55p lower at 65.9p as the reports reminded investors about the political situation in the country.
