Centamin PLC Sukari Production Update (1857W)
05 Noviembre 2014 - 1:00AM
UK Regulatory
TIDMCEY
RNS Number : 1857W
Centamin PLC
05 November 2014
For immediate release 05 November 2014
Centamin plc ("Centamin" or "the Company")
(LSE:CEY, TSX:CEE)
Sukari Production Update
Centamin advises that forecast production for the year 2014 from
the Sukari Gold Mine is expected to be between 370,000 and 380,000
gold ounces at a cash operating cost of US$700 per ounce,
representing an increase of between 4% and 7% on 2013 production of
356,943 ounces.
The reduction from the previous forecast of 420,000 ounces at
US$700 per ounce is primarily due to reduced monthly plant
productivity during October and lower expected average grades for
the fourth quarter from underground development ore. Open pit
mining continues to see an improvement in average ore grade for the
fourth quarter compared with the third quarter and with the granted
increase in Ammonium Nitrate (AN) usage having taken place during
the quarter material movements from the open pit have also
increased. Further increases in average plant throughput rates are
expected during the remainder of this year and into 2015 as the
expanded 10mtpa process plant continues to be optimised.
Q4 is expected to deliver a record quarterly gold production at
the Sukari project, which will on an annualised basis see the
achievement of our forecast post expansion production rate of
450,000 to 500,000 per annum.
For more information please contact:
Centamin plc Buchanan
Josef El-Raghy, Chairman Bobby Morse
Andy Davidson, Head of Business Gordon Poole
Development and Investor Relations Gabriella Clinkard
(andy.davidson@centamin.je) + 44 (0) 20 7466
+44 (0) 1534 828708 5000
This information is provided by RNS
The company news service from the London Stock Exchange
END
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