Centamin doubles Q4 profit, sees 2012 output up

Miner Centamin, which operates the first modern gold mine in Egypt, more than doubled its fourth-quarter operating profit and said it expects 2012 production to rise by more than 20% from last year, with cash costs easing. Operating profit for the final three months of 2011 came in at $37.5-million, marginally below some analysts' expectations, but up from $18.4-million a year previously.

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