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Centamin Q3 Revenue Surges; Backs Annual Gold Production Outlook

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Centamin Plc (CELTF.PK,CEY.L,CEE.TO), a Gold miner, on Thursday recorded a surge in revenue for the third quarter and reaffirmed its annual gold production outlook.

For the three-month period to September 30, the company reported revenue of $368.620 million, higher than $200.404 million, recorded for the same period last year.

Gold sales stood at 149,659 oz, compared with 103,807 oz a year ago.

Gold production improved to 131,726 oz from 101,370 oz in the previous year.

Capital expenditure moved up to $66.916 million from last year's $59.089 million.

For the full year, Centamin still expects its gold production to be in the range of 470,000 oz to 500,000 oz, with adjusted capital expenditure of $215 million.

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