https://www.miningweekly.com

Centamin reduces full-year Sukari production forecast

5th November 2014

By: Leandi Kolver

Creamer Media Deputy Editor

  

Font size: - +

JOHANNESBURG (miningweekly.com) – Dual-listed Centamin on Wednesday reduced its production guidance for its Sukari mine, in Egypt, for 2014 to between 370 000 oz and 400 000 oz, compared with the previously forecast 420 000 oz.

However, the revised production figures still represented an increase of between 4% and 7% on the 356 943 oz produced in 2013.

The forecast cash operating costs for the full year remained at $700/oz.

“The reduction from the previous forecast is primarily owing to reduced monthly plant productivity during October and lower expected average grades for the fourth quarter from underground development ore,” Centamin explained.

The company added that openpit mining continued to see an improvement in average ore grade for the fourth quarter compared with the third quarter, stating that, with the granted increase in ammonium nitrate use having taken place during the quarter, material movements from the openpit had also increased.

Further increases in average plant throughput rates were also expected during the remainder of this year and into 2015 as the expanded ten-million-ton-a-year process plant continued to be optimised.

Centamin added that Sukari was expected to deliver record quarterly production during the fourth quarter, which would, on an annualised basis, see the achievement of Centamin’s forecast post-expansion production rate of 450 000 oz/y to 500 000 oz/y.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Latest News

Magazine cover image
Magazine round up | 26 April 2024
26th April 2024

Showroom

Werner South Africa Pumps & Equipment (PTY) LTD
Werner South Africa Pumps & Equipment (PTY) LTD

For over 30 years, Werner South Africa Pumps & Equipment (PTY) LTD has been designing, manufacturing, supplying and maintaining specialist...

VISIT SHOWROOM 
Condra Cranes
Condra Cranes

ISO-certified Condra manufactures overhead cranes, portal cranes, cantilever cranes and crane components: hoists, drives, end-carriages, brakes and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Mining Weekly Editor Martin Creamer
Copper shares soar and green hydrogen goes digital
26th April 2024
Magazine cover image
Magazine round up | 26 April 2024
26th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.139 0.173s - 88pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: