Tuesday, March 17, 2015

Centamin - CEE.t

Centamin - CEE.t is a mineral exploration, development and mining company. Centamin's principal asset, the Sukari Gold Mine, began production in 2009 and is the first large scale modern gold mine in Egypt.

On January 8, 2015 the company released numbers.

"Centamin is pleased to announce preliminary production results for the quarter end 31 December 2014 and 2015 production guidance from its Sukari Gold Mine (“Sukari”) in Egypt.

Total gold production for the quarter was a record 128,115 ounces, a 40% increase on the corresponding quarter in 2013 and 37% higher than Q3 2014.

This brings full year production to 377,261 ounces, a 6% increase on 2013 and within revised guidance of between 370,000 and 380,000 ounces.

Forecast production from the Sukari Gold Mine for 2015 is 420,000 ounces at a cash operating cost of US$700 per ounce. This would represent an 11% increase on 2014 production of 377,261 ounces and would become the sixth successive year of growth at Sukari."