Centamin PLC Production Update (5695L)
27 Diciembre 2018 - 4:43AM
UK Regulatory
TIDMCEY
RNS Number : 5695L
Centamin PLC
27 December 2018
For immediate release 27 December 2018
Centamin plc ("Centamin" or "the Company")
(LSE:CEY, TSX:CEE)
Production Update
Gold production for October and November combined was above
90,000 ounces. While being solid production months, this was
slightly below forecast. The December mine plan forecasted higher
grade from both the underground and the open pit, which would have
balanced the quarterly shortfall. However, lower than expected
underground grade delivered in December thus far indicates gold
poured for Q4 between 135,000 to 140,000 ounces, resulting in
annual production from the Sukari Gold Mine of up to 2% below full
year 2018 guidance of 480,000 ounces. Cash cost of production will
be towards the top end of the previously guided range of US$625 to
US$640 per ounce produced and an all-in-sustaining cost will be
approximately US$900 per ounces sold.
Whist the focus remains firmly on sustaining the operational
improvements, stringent cost controls and improving gold price
means the Company continues to be a cash generative business.
Further operational detail will be included in the preliminary
production results for the final quarter, ending 31 December 2018,
scheduled for publication on 9 January 2019. The Company will
provide 2019 Outlook, including production guidance, and updated
Mineral Reserve and Resource estimates for 2018 with the Annual
Results in February.
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) 596/2014.
For more information, please visit the website www.centamin.com
or contact:
Centamin plc Buchanan Communications
Andrew Pardey, Chief Executive Officer Bobby Morse
Alexandra Carse, Investor Relations Chris Judd
+44 (0) 7700 713 738 + 44 (0) 20 7466 5000
alexandra.carse@centamin.je centamin@buchanan.uk.com
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contact rns@lseg.com or visit www.rns.com.
END
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