Plus   Neg

Centamin Q2 Production From Sukari Gold Mine Increases

Centamin Plc (CELTF.PK,CEY.L,CEE.TO) reported that its gold production was 130,994 ounces from the Sukari Gold Mine for the second-quarter, a 11% increase from last year. The outperformance in the quarter was as a result of an increase in mill feed head grade and the deferral of planned maintenance programmes from the second-quarter to second-half of year, resulting in more tonnes processed and greater production volumes.

The company said it is on track to meet 2020 full year guidance. The company has narrowed full year production range to 510,000 to 525,000 ounces of gold.

The company said it has a strong balance sheet with cash and liquid assets[5] of US$367 million, as at 30 June 2020, after payment of the first interim dividend of $69million on 15 May 2020.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Former Google engineer Anthony Levandowski was sentenced by a U.S. judge to eighteen months in prison for stealing trade secrets from Google's self-driving car unit before he defected to Uber's rival unit. Levandowski admitted that from 2009 to 2016, he worked in Google's self-driving car program, known then as Project Chauffer. JetBlue has strengthened its face covering policy, by prohibiting face masks with vents or exhalation valves, starting August 10. It will also no longer allow customers to claim exemptions from wearing a face covering altogether. Home Depot, Inc. is set to open three new distribution centers in Georgia over the next 18 months, which is expected to create an additional 1,000 new jobs in Greater Atlanta, including full-time and part-time positions. The home improvement retailer has already created more than 5,000 new jobs in Georgia over the last five years.
Follow RTT