Centamin boasts solid start to the year with 14% y/y increase in Q1 output
JOHANNESBURG (miningweekly.com) – Gold mining company Centamin boasted a solid start to this year, with a 14% year-on-year increase in gold production, to 124 296 oz, at its flagship Sukari mine, in Egypt.
Production for the quarter was, however, lower than planned owing to the transitional zone of the openpit delivering lower-than-expected grades.
Centamin CEO Andrew Pardey added that additional grade control drilling and rescheduling has resulted in accelerated access to the higher grade openpit Stage 4 primary ore throughout the second quarter.
This, in turn, has led to the company maintaining its full-year production guidance of 580 000 oz.
“The processing plant has delivered a strong first quarter with throughput greater than three-million tonnes. Metallurgical recoveries have significantly improved to 89.6% following the continued focus on process controls and successful enhancements to the elution circuit,” Pardey added.
The fourth secondary crusher has been installed and commissioning is under way, further lifting throughput capacity in line with increased underground tonnage.
“Building on the strong plant performance this quarter we look forward with confidence to delivering on our production guidance throughout 2018,” he said in the statement.
Centamin will publish its financial and operational results for the quarter ended March 31 on May 3.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Showroom
Rentech provides renewable energy products and services to the local and selected African markets. Supplying inverters, lithium and lead-acid...
VISIT SHOWROOM
For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
