logo
Plus   Neg
Share
Email

Centamin: Sukari Mine Produces Gold Above Forecast In Q1 - Quick Facts

Centamin plc (CELTF.PK,CEY.L,CEE.TO) reported that the Group's Sukari Gold Mine produced 116,183 ounces of gold in the first quarter, above the forecast of 105,000 - 115,000 ounces. On a year-over-year comparison, total gold production were down 7% in the first-quarter for the Sukari Gold Mine.

The Group said it is on track and reiterated annual guidance for 2019: gold production of 490,000 - 520,000 ounces, at cash costs of US$675-725 per ounce produced and an AISC of US$890-950 per ounce sold.

Andrew Pardey, CEO, said: "We have made a solid start, delivering Q1 ahead of expectations. The company is on track to deliver annual production and cost guidance for 2019. A stronger second half for the year is forecast, delivering approximately 55% of the annual production guidance during second half 2019."

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Intel Corp. said it is probing into the hack of its fourth-quarter earnings report that prompted the chipmaker to release its earnings statement ahead of schedule. The company, which was scheduled to release the results after the market closed, released it before the market closing on Thursday. Google parent Alphabet decided to drop its Internet balloon project Loon that was launched with the idea of providing Internet access to rural areas and providing last mile connectivity. In a blog post, Loon CEO Alastair Westgarth said they have not found a way to get the costs low enough to build a long-term, sustainable business, despite gaining a number of interested partners along the way. American Airlines announced the launch of Flagship Cellars, its home delivery service for premium wines usually available onboard. The airline's move is said to be due to the excess wine it has amid the weakness in air travel demand following the coronavirus pandemic crisis. The company expects the new at-home wine program to generate about $40,000 to $50,000 in sales during the first quarter.
RELATED NEWS
Follow RTT