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Thursday, 11 January 2018

Centamin produced 544.7k oz of gold from Sukari in 2017, expects 580k oz in 2018

Centamin announced that its 2017 full year production from the Sukari gold mine was 544.7k ounces, higher than the guidance of 540k, according to a company statement. The company expects 580k ounces of gold to be produced from Sukari in 2018, with the mine plan forecasting a relatively balanced quarterly production profile over the year. “We look forward to delivering solid growth in 2018 with gold production guidance of 580k ounce at a cash cost of USD 555/oz and an all-in sustaining cost of USD 770/oz resulting in significant free cash flow for our shareholders,” CEO Andrew Pardey commented.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2018 Enterprise Ventures LLC.