PERTH, AUSTRALIA -- (Marketwired - Oct 9, 2013) - Centamin plc ("Centamin" or "the Company") (LSE:CEY, TSX:CEE) is pleased to announce preliminary production results from its Sukari Gold Mine ("Sukari") in Egypt for the quarter ended 30 September 2013.
Total gold production for the quarter was 84,757 ounces, a 39% increase on the corresponding quarter in 2012 and 9% lower than Q2 2013. This brings year to date production to 265,397 ounces.
Open pit total material movement decreased 5% from Q2 2013 to 10,506kt and open pit ore production increased 15% on Q2 2013 to 3,409kt which led to an increase in the run of mine ore stockpile balance of 346kt to1,537kt at the end of the period. The underground mine delivered 152kt of ore, up 7% on Q2 2013.
Quarterly throughput at the Sukari process plant was a record 1,463kt, a 46% increase on the prior year period and a 3% increase on Q2 2013; exceeding the nameplate annualised rate of 5 million tonnes for the third successive quarter with continued high levels of productivity and availability.
Q3 2013 Q2 2013 Q3 2012 (estimate) Total Material Movement - Open Pit 10,506 11,020 6,970 (kt) Open Pit Ore Production (kt) 3,409 2,961 1,653 Underground Ore Production (kt) 152 142 93 Process Plant Throughput (kt) 1,463 1,419 1,004 Process Plant Productivity (tph) 715 699 624 Gold Produced (oz) 84,757 93,624 60,922
Josef El-Raghy, Chairman of Centamin, commented:"The third quarter saw another strong performance on several fronts most notably a further increase in both tonnes mined from underground and total process plant throughput. Whilst we expect some impact in Q4 on plant throughput from the commencement of Stage 4 commissioning activities, we are now well placed to exceed our initial full year 2013 guidance of 320,000 ounces, provided on 14 March 2013."
For more information please contact:
Centamin plc Buchanan Josef El-Raghy, Chairman Bobby Morse Andy Davidson, Head of Business Development and Cornelia Browne Investor Relations ( andy.davidson@centamin.je ) Gabriella Clinkard +44 (0) 1534 828708 + 44 (0) 20 7466 5000
This information is provided by RNS The company news service from the London Stock Exchange
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PERTH, AUSTRALIA -- (Marketwired - Oct 9, 2013) - Centamin plc ("Centamin" or "the Company") (LSE:CEY, TSX:CEE) is pleased to announce preliminary production results from its Sukari Gold Mine ("Sukari") in Egypt for the quarter ended 30 September 2013.
