Thanks to BullionBull on www.stockigloocom for this:

Q: Will Century try and brief the market better?
A: Yes they will try to be more transparent with the market to inform it of its milestones.

Q: What will the distribution of ore to the mill be in 2011?
A: 55% from Lamaque, 25% from Bedard and 20% from the North Wall.

Q: Why should we trust you to meet next years guidance after 2 revisions?
A: We now have good management in place, good equipment in place, a good plan in place, and a lot more comfort in terms of predicting over the next year then we had in 2010 (THANK GOD). McNutt spoke about reducing water levels in the mine to access previously unreachable ore and using equipment better and more efficiently. He also spoke about infrastructure improvements out of Peru.

Q: This wasn't so much a question as it was a ranting thrashing or McNutt and his preformance as COO.

Q: Specifics of the Deutsche Bank deal?
A: The DB ounces represent only 2% of our reserves and 12% of our current production.

Q: How many faces do we need to make Lamaque work? Are Jacklegs in use? Are the low profile drills working?
A: 3 low profile drills are currently doing 10-12 rounds per day with 15 faces across different stopes. They hope to be able to mine 2 high grade extensive flats with 2 jumbo's in one area. BD continues high grades and good results. They hope to have 2 long-hole stopes by Q1 2011 in production at 250-300 tpd.

Q: Why did G&A expenses spike so much? Is this a one time deal or can this be expected going forward?
A: This included depreciation from Peru mine for the first time, as well as increased legal costs and the $1 million one time fee from Peggy's departure. We should normally average $1.5 million per quarter going forward.

Q: How is the CEO search coming?
A: Have a well known head hunter helping out and are in the final stages of a world wide selection. Hulley remarked that "All the good ones were working" so we have to try and lure away a high profile, high quality CEO. They expect this process to be complete and a new CEO installed by Q1 2011. Hulley also let slip later in the call that the new CEO would be a "he".

Q: When can we expect Q4 earnings?
A: Not before April.30, 2011 as they are only allowed to be released 120 days past the end of the year.

Q: How will we meet 18k guidance from Lamaque after only having produced 8400 for first 9 months of 2010?
A: Have a good team in place, have the equipment in place (more then we budgeted for), we are accessing 2 large flat areas that will sustain good grades and high tonnages as we go forward.

Q: How important is 100% efficiency with low profile equipment to our targets at Lamaque?
A: In Q3 there was more dilution then desired, but right now we are doing 5 rounds per day and have hit as high as 6 rounds per day. As such, we are running at about 85% efficiency with the low profile equipment. In a positive note, McNutt noted we only budgeted for 2 pieces of equipment but are running 3, so in my opinion we might be able to have higher then anticipated production in Q4.

Q: Whats PK's relationship with CMM at this time?
A: Nothing. She retired and has no further relationship with CMM.

Q: Relocation to Vancouver or Toronto?
A: This is not a priority for mgmt as they are solely focused on ramping up production at Lamaque. This will be the new CEO's problem.

Q: When will the PP's stop? When will the latest ones be closed?
A: We are working hard to close the recent PP by the end of Nov/early Dec. (both the flow through and regular PP). Also, Hulley explicity stated they do not expect to have to come back to the market again. THANK GOD.

November 16, 2010 12:48 PM