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
A survey has shown that while a majority of Americans want to buy a car that contributes substantially to the U.S. economy amid rising trade tensions, most of the "American-made" cars are actually produced by foreign automakers. According to Cars.com's 2019 American-Made Index, the most 'American-made' vehicle in 2019 is the Jeep Cherokee. Streaming giant Netflix Inc. (NFXL) is set to lose the right to stream "The Office," one of the most popular TV show on the service. NBC Universal announced it is taking back the popular TV show for its own streaming platform, beginning January 2021. "We're sad that NBC has decided to take The... Chinese smartphone maker Xiaomi has announced that its recently launched Mi Band 4 crossed 1 million units sales in just eight days. Xiaomi's Director of Product Management Donovan Sung tweeted this news as he thanked Mi fans for the achievement. "Sharing some great news with our global Mi Fans....
Follow RTT