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Centamin Q4 Production From Sukari Gold Mine Rises

Centamin plc (CELTF.PK,CEY.L,CEE.TO) reported gold production of 148,387 ounces from the Sukari Gold Mine for the fourth-quarter ended 31 December 2019, an increase of 8% from the prior year.

Gross revenue was US$204.1 million in the fourth-quarter, generated from 137,065 ounces in gold sales at an average realised price of US$1,487 per ounce.

2019 production was 480,529 ounces, 2% below the guidance of 490,000 ounces but a 2% improvement on 2018.

It is expected that gold production for 2020 to be in the range of 510,000-540,000 ounces.

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