Centamin says Sukari production to rise in 2024
EGYPTIAN gold miner Centamin has targeted gold production of between 470,000 to 500,000 ounces for the 2024 financial year which it hoped to mine at an all-in sustaining cost of…
Centamin lifts Sukari’s life of mine gold output
CENTAMIN today published a new mine plan for its Sukari gold mine in Egypt in which production would average 506,000 ounces a year for the next nine years and contribute to a 5%…
Centamin’s consensus-beating six month performance provides evidence of turnaround
CENTAMIN provided further evidence of its turnaround under CEO Martin Horgan announcing interim numbers this week that beat cost and earnings consensus estimates. Production from…
Centamin estimates Doropo capex at $349m following prefeasibility finding
CENTAMIN said today its Côte d’Ivoire gold project Doropo would cost about $349m to build and produce an average of 173,000 ounces a year over its 10-year life at an average…
Centamin targets up to 9% increase in Sukari’s 2023 gold production
CENTAMIN forecast gold production for its 2023 financial year of between 450,000 to 480,000 ounces which, at the higher end of guidance, would represent a 9% advance on 2021,…
Horgan says Centamin share rerating is a platform for deals but dismisses “a spending spree”
CENTAMIN CEO Martin Horgan said a rerating in the company’s share price had created a platform for mergers and acquisitions, but he added that deals “were incredibly hard to…
Centamin given green light to appeal 2011 challenge to Sukari Concession Agreement
CENTAMIN, the UK listed gold producer, said today it would resume an appeal against the loss of a concession agreement that had been challenged by a third party in 2011. This was…
Centamin reports 13% increase in measured and indicated reserves at Egypt mine Sukari
CENTAMIN said it had increased measured and indicated reserves at its Sukari gold mine in Egypt for the second successive year including reserves in the open pit net of depletion…
Centamin to assess M&A options after imposing stability on Egyptian mine, Sukari
CENTAMIN, the UK-listed gold producer, will turn its attention to potential merger and acquisition targets after stabilising its Sukari mine in Egypt. Martin Horgan, Centamin…
Centamin lifts Q2 gold output but inflation takes costs to high end of guidance
CENTAMIN said it was on track to produce between 430,000 to 460,000 ounces of gold for its 2022 financial year after a strong quarter in which output totalled 110,788 oz. This…
Centamin’s Doropo project could be game changer for firm’s under pressure share
CENTAMIN is to pay a minimum 5 US cents per share dividend in the current financial year after reporting a decline in profits for 2021 – a year described by management as a…
Centamin capital review may weigh up flexibility for share buy-back
CENTAMIN was undertaking a review of its capital structure in which it would weigh its approach to debt funding, and possibly whether it had the flexibility to consider a share…
Centamin kickstarts Egypt gold exploration after Govt. talks over 19 licences progress
CENTAMIN would begin looking for gold in Egypt after discussions with the country’s government regarding 19 licences it awarded last year progressed. In March 2020, the Egyptian…
Centamin aims to add new gold production from $275m Doropo project by 2024
UK-listed Centamin is to progress its Doropo project in Côte d’Ivoire after a preliminary assessment said its mineral prospects could support $275m in investment. Martin Horgan,…
Centamin board to assess West Africa gold prospects as Horgan confirms firm has ‘reset’
CENTAMIN CEO, Martin Horgan, said he was “looking forward” to submitting the group’s West African growth prospects to the board for assessment at the end of March. “We will then…