Centamin gold production jumps 58% in December quarter

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Reuters UK

(Reuters) – UK-listed Centamin on Wednesday reported a 58% jump in gold production for the fourth quarter as the Egypt-focused miner benefited from higher-grade ores, while keeping its 2022 projections for gold output and capital expenditure unchanged. Centamin, which operates Egypt’s sole commercially producing gold mine, said production reached 107,549 ounces during the three months ended Dec. 31. The company last month said a review of its Sukari gold mine in Egypt indicated the largest reserve growth in a decade, supporting its plan to produce 500,000 ounces per annum of the metal over the…

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