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Sunday, 6 January 2019

Centamin reports lower-than-expected output from Egypt’s Sukari mine in 2018

Gold miner Centamin’s output from the Sukari gold mine in 2018 fell 2% below its full-year target of 480k ounces due to “lower than expected underground grade delivered in December,” according to a company release (pdf). Preliminary figures indicate that gold poured in 4Q2018 reached 135-140k ounces. Centamin had cut its output targets twice last year, from an initial forecast of 580k ounces.

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