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Sunday, 4 October 2020

Centamin gold production to fall 42% on Sukkari mine delays

Australian gold miner Centamin expects production to drop 42% in the final quarter, after extraction plans slated for this year at Egypt’s Sukkari mine were postponed for safety reasons, according to an operational update released on Friday. The company expects to produce only 70k ounces of gold in 4Q2020 compared to 148.4k y-o-y, and down from 120k in 3Q2020. Centamin was among the bidders in this year’s six-month gold exploration tender.

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