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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Centamin Plc | LSE:CEY | London | Ordinary Share | JE00B5TT1872 | ORD NPV (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-1.00 | -0.78% | 127.10 | 126.90 | 127.30 | 128.40 | 126.60 | 128.00 | 1,257,392 | 12:33:33 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Metal Mining Services | 891.26M | 92.28M | 0.0797 | 15.97 | 1.47B |
TIDMCEY
RNS Number : 0015T
Centamin PLC
09 October 2017
For immediate 9 October 2017 release
Centamin plc ("Centamin" or "the Company")
(LSE:CEY, TSX:CEE)
Q3 2017 Preliminary Production Results
Centamin is pleased to announce preliminary production results for the quarter ended 30 September 2017 from its Sukari Gold Mine ("Sukari") in Egypt.
Record total gold production for the quarter of 156,533 ounces, a 26% increase on the previous quarter and 5% higher than Q3 2016, the previous record quarter for Sukari. The Company maintains its 2017 production guidance of 540,000 ounces.
Quarterly throughput rate of 2,996kt at the process plant, a 2% decrease on the previous quarter.
The open pit achieved record levels of both total material movement and ore production. Open pit total material movement (ore plus waste) increased by 6% on the previous quarter to 18,602kt. Open pit ore production increased by 58% to 4,825kt at an average mined grade of 0.76g/t. This included 1,229kt at 0.29g/t delivered to the dump leach pads. The average head grade to the plant from the open pit was 1.11g/t.
The run of mine ore stockpile balance increased by 899kt to 1,436kt at the end of the period.
The underground operation delivered 302kt of ore at an average mined grade of 7.98g/t. Ore from stoping was 189kt at 8.21 g/t and ore from development was 113kt at 7.57g/t.
Q3 2017 Q2 2017 Q3 2016 (preliminary) ---------------------------- ---------------- -------- -------- Open Pit -Total Material Movement (kt) 18,602 17,493 16,191 ---------------------------- ---------------- -------- -------- Open Pit - Ore Production (kt) 4,825 3,060 2,936 ---------------------------- ---------------- -------- -------- Underground Ore Production (kt) 302 293 255 ---------------------------- ---------------- -------- -------- Process Plant Throughput (kt) 2,996 3,056 2,806 ---------------------------- ---------------- -------- -------- Process Plant Productivity (tph) 1,430 1,499 1,437 ---------------------------- ---------------- -------- -------- Gold Produced (oz) 156,533 124,641 148,674 ---------------------------- ---------------- -------- --------
Andrew Pardey, CEO of Centamin, commented:
"All sections of the mine continued to perform well during the third quarter, contributing to record production. The higher grade zones of the open pit, exposed in the later part of Q2, continued to be mined during Q3 2017, leading to an as planned increase in head grade to the plant from the open pit. Mining of higher grades from the open pit is expected to continue for the remainder of 2017. Underground mining continued to perform well, with strong mining rates and grades achieved from both stoping and development activities. With the process plant also continuing to deliver high levels of productivity, we remain on course to meet our full year 2017 production guidance of 540,000 ounces at a cash operating cost of US$580 per ounce and all-in-sustaining cost (AISC) of US$790 per ounce."
Centamin is hosting an analyst visit to Sukari on Wednesday 11 October 2017.
For more information, please contact:
Centamin plc Buchanan Andrew Pardey, CEO Bobby Morse Jonathan Stephens, Chief Chris Judd Development Officer Patrick Hanrahan (info@centamin.com) +44 + 44 (0) 20 7466 5000 (0) 1534 828700
This announcement contains ongoing regulated information.
LEI: 213800PDI9G7OUKLPV84
Company No: 109180
This information is provided by RNS
The company news service from the London Stock Exchange
END
DRLMPBLTMBIMBRR
(END) Dow Jones Newswires
October 09, 2017 02:00 ET (06:00 GMT)
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