Centamin quarterly gold production remains flat

Centamin has revealed gold production from its Sukari Gold Mine in Egypt is up 13% on the previous year for Q3, but flat from the previous quarter.

Mining

10,989.78

17:09 18/11/24

3.18%

338.64

The FTSE 250 company released its preliminary production results for the three months to 30 September.

It reported total gold production of 105,413 ounces with throughput at the process plant at 2,673kt, also in line with the previous quarter.

Centamin chief executive Andrew Pardey said the company’s continues to expect “further throughput increases as optimisation continues over the coming quarters”.

“The open pit and underground mining operations delivered an increase in material movement over the previous quarter and with open pit grades set to increase towards the reserve average in the fourth quarter, production guidance for the full year remains unchanged at between 430,000 and 440,000 ounces."