Name of the Project
Sukari underground gold mine expansion.

Location
Egypt.

Project Owner/s
Gold miner Centamin.

Project Description
The project envisages average gold production of 506 000 oz/y for next nine years (2024 to 2032); and 475 000 oz/y for life-of-mine (2024–2034), reflecting a 5% increase in life-of-mine (LoM) gold production, compared with 441 000 oz in the 2022 financial year.

The LoM plan delivers long-term increased gold production, lower operational costs, reduced operational risk and significantly reduced carbon emissions through a combination of an improved openpit schedule; an increased underground schedule; connection to the Egyptian national grid, delivering an estimated $41-million a year in cost savings based on current diesel prices; and integration of a gold gravity circuit to the processing plant.

The average LoM greenhouse-gas (GHG) intensity of 0.69 t/y of CO₂ equivalent per ounce of gold is about 39% lower than the GHG intensity of 1.14 t/y of CO₂ equivalent per ounce achieved in the 2022 financial year.

Opportunity also exists to extend the LoM beyond 2034.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
Not stated.

Capital Expenditure
Capital investment is estimated at between $25-million and $35-million.

Planned Start/End Date
Steady-state production is expected in 2025.  

Latest Developments
None stated.

Key Contracts, Suppliers and Consultants
Entech (independent option study).

Contact Details for Project Information
Centamin, tel +44 1534 828700 or email info@centaminplc.com.