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Press Release: Centamin PLC Announces Q2 2017 Preliminary Production Results

10 Jul 2017 6:00 am

Centamin PLC Announces Q2 2017 Preliminary Production Results

PERTH, AUSTRALIA--(Marketwired - Jul 10, 2017) - Centamin PLC (TSX: CEE) (LSE: CEY)

For immediate release

10 July 2017

Centamin plc ("Centamin" or "the Company")

(LSE: CEY; TSX: CEE)

Q2 2017 Preliminary Production Results

Centamin is pleased to announce preliminary production results for the quarter ended 30 June 2017 from its Sukari Gold Mine ("Sukari") in Egypt.

Preliminary total gold production for the quarter was 124,641 ounces, a 14% increase on the previous quarter and 11% lower than Q2 2016. The Company maintains its 2017 production guidance of 540,000 ounces.

Record quarterly throughput rate of 3,056kt at the process plant, a 5% increase on the previous quarter.

Open pit total material movement (ore plus waste) increased by 2% on the previous quarter to 17,493kt. Open pit ore production increased by 23.5% to 3,060kt at an average mined grade of 0.76g/t. This included 222kt @ 0.25g/t delivered to the dump leach pads. The average head grade to the plant from the open pit was 0.81g/t.

The run of mine ore stockpile balance increased by 152kt to 538kt at the end of the period.

The underground operation delivered 293kt of ore at an average mined grade of 8.8g/t. Ore from stoping was 174kt at 11.0g/t and ore from development was 119kt at 5.6g/t.
 
                                 Q2 2017 (preliminary)  Q1 2017  Q2 2016 
------------------------------   ---------------------  -------  ------- 
Open Pit - Total Material 
 Movement (kt)                                  17,493   17,129   15,080 
-------------------------------  ---------------------  -------  ------- 
Open Pit - Ore Production (kt)                   3,060    2,478    3,425 
-------------------------------  ---------------------  -------  ------- 
Underground Ore Production (kt)                    293      252      256 
-------------------------------  ---------------------  -------  ------- 
Process Plant Throughput (kt)                    3,056    2,908    2,928 
-------------------------------  ---------------------  -------  ------- 
Process Plant Productivity 
 (tph)                                           1,499    1,420    1,432 
-------------------------------  ---------------------  -------  ------- 
Gold Produced (oz)                             124,641  109,187  140,306 
-------------------------------  ---------------------  -------  ------- 
 

Centamin will be announcing the financial results for the six months to 30 June 2017 on Thursday 3 August and will be hosting an analyst and investor conference call at 9am that day.

Click on, or paste the following link into your web browser, to view the associated PDF document.

http://www.rns-pdf.londonstockexchange.com/rns/5232K_1-2017-7-10.pdf

For more information, please contact:
 
Centamin plc                                     Buchanan 
 Andrew Pardey, CEO                               Bobby Morse 
 Jonathan Stephens, Chief Development Officer     Chris Judd 
 (info@centamin.com) +44 (0) 1534 828700          Patrick Hanrahan 
                                                  + 44 (0) 20 7466 5000 
 

This announcement contains ongoing regulated information and inside information for the purposes of Article 7 of EU Regulation 596/2014.

LEI: 213800PDI9G7OUKLPV84

Company No: 109180

This information is provided by RNS

The company news service from the London Stock Exchange

END

Contact:

RNS

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0044-207797-4400

rns@londonstockexchange.com

http://www.rns.com

(END) Dow Jones Newswires

July 10, 2017 02:00 ET (06:00 GMT)
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