Centamin Reports 33% Increase In Q2 Gold Production From Sukari

Miner Centamin Plc. Thursday announced preliminary production results for the second quarter ended June 30 from its Sukari Gold Mine in Egypt.Preliminary total gold production for the quarter was 107,781 ounces, a 33 percent increase from last year's 9,861 ounces. Production was flat sequentially.

Quarterly throughput at the process plant was 2,667kt, an 8% increase sequentially.

Open pit total material movement decreased 15% on the previous quarter to 13,671kt, and open pit ore production decreased 32% sequentially to 1,751kt, which is in line with the overall mine plan.

Andrew Pardey, CEO of Centamin, said, "We continue to expect open pit grades to progressively increase to the reserve average in the second half of the year and quarterly guidance remains as outlined in our recent Capital Markets Day presentation, which would result in full year production of between 430,000 and 440,000 ounces."


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