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Centamin’s Sukari lifts output 6% q/q in September quarter

Sukari gold mine, Egypt

Sukari gold mine, Egypt

5th October 2016

By: Ilan Solomons

Creamer Media Staff Writer

  

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JOHANNESBURG (miningweekly.com) – LSE- and TSX-listed gold miner Centamin’s Sukari mine, in Egypt, produced 148 674 oz of gold in the quarter ended September 30, representing a 6% quarter-on-quarter and a 41% year-on-year increase.

CEO Andrew Pardey on Wednesday said the company had delivered another “solid quarter” from the Sukari operation, bringing year-to-date production to 414 249 oz of gold.

He noted that ore throughput rates at the mine’s processing operation were stable at 2 806 t, but down 4% on the previous quarter’s 2 929 t. Pardey said the company was consolidating the improvements delivered over previous quarters and had remained above its base case forecast rate of 11-million tons a year.

Sukari’s openpit operation total material movement (ore plus waste) increased by 7% quarter-on-quarter to 16 191 t. Openpit ore production decreased by 14% quarter-on-quarter to 2 936 t at an average mined grade of 1.06 g/t.

The average head grade to the plant from the openpit was 1.14 g/t. The run-of-mine ore stockpile balance increased by 157 t to 1 169 t.
 
Sukari’s underground operation delivered 255 t of ore, in line with the previous quarter, at an average mined grade of 9 g/t. Productivity remained above Centamin’s forecast rate of one-million tons a year at 6 g/t. Additionally, ore from stoping was 153 t at 8.8 g/t and ore from development was 103 t at 9.2 g/t.

“We expect full-year 2016 production to be towards the upper end of our guidance of between 520 000 oz and 540 000 oz,” Pardey stated.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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