Centamin PLC 2013 Production Guidance Update (9559Z)
14 Marzo 2013 - 1:00AM
UK Regulatory
TIDMCEY
RNS Number : 9559Z
Centamin PLC
14 March 2013
For immediate release 14 March 2013
Centamin plc ("Centamin" or "the Company")
(LSE:CEY, TSX:CEE)
2013 Production Guidance Update
Centamin is pleased to advise forecast production for the year
2013 from the Sukari Gold Mine of 320,000 ounces gold at a cash
operating cost of US$700 per ounce with fuel at international
prices This represents a 22% increase on the production delivered
in 2012 and will mark the third successive year of output growth at
Sukari on the path towards our long-term target of 450-500,000
ounces per annum from 2015 onwards.
The Stage 4 expansion project has experienced some delays for
key items, materials and services. We now anticipate the bulk of
commissioning activities of the expanded plant will commence during
the second half of 2013, although there is no change to our
expectation that the plant will be fully operational before the end
of the year. Partly as a result of these delays, as well as general
cost inflation, our estimate for the total capital cost of Stage 4
is now US$325 million, including contingency, as compared with the
previous US$287.6 million, excluding contingency.
We look forward to providing our results for the year ended 31
December 2012 on 27 March.
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
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