Centamin PLC Q3 Preliminary Production Results (2118O)
09 Octubre 2012 - 1:00AM
UK Regulatory
TIDMCEY
RNS Number : 2118O
Centamin PLC
09 October 2012
For immediate release 9 October 2012
Centamin plc ("Centamin" or "the Company")
(LSE:CEY, TSX:CEE)
Q3 Preliminary Production Results
Centamin is pleased to announce its preliminary production
results from its Sukari Gold Mine ("Sukari") in Egypt for the
quarter ended 30 September 2012.
Total gold production for the quarter was 60,922 ounces, a 20%
increase on the corresponding quarter in 2011 but a 10% decrease on
Q2 2012. Quarterly throughput at the Sukari process plant was
1,004kt, a 5% increase on the corresponding quarter in 2011 but a
21% decrease on Q2 2012. Plant availability and productivity was
impacted by a scheduled SAG mill reline in September and the
illegal strike ("the strike") in July.
The open pit delivered total material movement of 6,970kt, up 6%
on Q2 2012 and continuing to ramp-up in line with the mine plan.
The underground mine delivered 93.4kt, down 19% on Q2 2012 due to
the impact of the strike and also a temporary reduction in mining
contractor equipment availability, which restricted remote bogging
(load-haul-dump) capacity and access to the high grade stopes. With
higher material movements from the open pit, the run of mine ore
stockpile balance increased by 83kt to 580kt by the end of the
quarter.
With the continuing ramp-up of open pit material movement and
with measures taken to redress the underground productivity issues,
we expect production in excess of 70,000 ounces in the final
quarter, bringing total expected production for the year in line
with guidance of 250,000 ounces.
Q3 2012 (estimate) Q2 2012 Q3 2011
Total Material Movement
- Open Pit (kt) 6,970 6,579 5,747
------------------- -------- --------
Process Plant Throughput
(kt) 1,004 1,269 964
------------------- -------- --------
Process Plant Productivity
(tph) 624 652 516
------------------- -------- --------
Underground Ore Production
(kt) 93.4 116 58
------------------- -------- --------
Gold Produced (oz) 60,922 67,422 50,539
------------------- -------- --------
Josef El-Raghy, Chairman of Centamin, commented:
"The team at Sukari once again delivered a strong set of
operating results which are particularly pleasing given the several
cumulative issues that were faced and addressed during the quarter.
Open pit tonnages continued to increase according to plan and the
operation as a whole entered the fourth quarter well placed to meet
our unchanged full year production guidance of 250,000 ounces."
Notice of Results
Centamin will announce its full Q3 Results at 7am (UK time) on
14(th) November 2012 via the Regulatory News Service of the London
Stock Exchange and via Marketwire on the Toronto Stock Exchange. On
the same day a webcast and conference call with the Centamin
management team will be held at 9am (UK time) and a second call
will be held at 2pm (UK time) for North American analysts and
investors Q&A. Details of the webcast and conference call
numbers will be announced at the time of the Q3 results.
For more information please contact:
Centamin plc Buchanan
Josef El-Raghy, Chairman Bobby Morse
Andy Davidson, Head of Business Development Cornelia Browne
and Investor Relations Gabriella Clinkard
(andy.davidson@centamin.co.uk) + 44 (0) 20 7466 5000
+44 (0) 20 7569 1671
This information is provided by RNS
The company news service from the London Stock Exchange
END
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