Centamin PLC Q2 2015 Preliminary Production Results (5563S)
July 09 2015 - 2:00AM
UK Regulatory
TIDMCEY
RNS Number : 5563S
Centamin PLC
09 July 2015
For immediate release 9th July 2015
Centamin plc ("Centamin" or "the Company")
(LSE:CEY, TSX:CEE)
Q2 2015 Preliminary Production Results
Centamin is pleased to announce preliminary production results
for the quarter ended 30 June 2015 from its Sukari Gold Mine
("Sukari") in Egypt.
Preliminary total gold production for the quarter was 107,781
ounces, a 33% increase on Q2 2014 and in line with production in
the first quarter 2015. Full year production is expected to be
between 430,000 and 440,000 ounces.
Quarterly throughput at the process plant was 2,667kt, an 8%
increase on Q1 2015, as finer material was fed to the milling
circuit due to improved blasting and greater availability of the
secondary crushers.
Open pit total material movement decreased 15% on the previous
quarter to 13,671kt. Open pit ore production decreased on Q1 2015
by 32% to 1,751kt, which is in line with the overall mine plan. The
run of mine ore stockpile balance decreased by 878kt to 1326kt at
the end of the period.
The underground operation delivered 282kt of ore, a 7% increase
on Q1 2015, with average grades remaining in line with the mining
plan.
Q2 2015 (preliminary) Q1 2015 Q2 2014
---------------------------- ---------------------- -------- --------
Open Pit - Total Material
Movement (kt) 13,671 15,996 9,861
---------------------------- ---------------------- -------- --------
Open Pit - Ore Production
(kt) 1,751 2,562 1,795
---------------------------- ---------------------- -------- --------
Underground Ore Production
(kt) 282 264 230
---------------------------- ---------------------- -------- --------
Process Plant Throughput
(kt) 2,667 2,478 1,957
---------------------------- ---------------------- -------- --------
Process Plant Productivity
(tph) 1,361 1,286 1,230
---------------------------- ---------------------- -------- --------
Gold Produced (oz) 107,781 108,233 81,281
---------------------------- ---------------------- -------- --------
Andrew Pardey, CEO of Centamin, commented:
"Production in the second quarter was comparable with the first
quarter, exceeding the level forecast in our Capital Markets Day
presentation in May 2015. Plant productivity was above the 10Mtpa
nameplate capacity and also exceeded our forecast, with scope for
further throughput increases as optimisation continues over the
coming quarters. The underground mine also performed slightly ahead
of expectation. We continue to expect open pit grades to
progressively increase to the reserve average in the second half of
the year and quarterly guidance remains as outlined in our recent
Capital Markets Day presentation, which would result in full year
production of between 430,000 and 440,000 ounces."
For more information please contact:
Centamin plc Buchanan
Josef El-Raghy, Chairman Bobby Morse, Gordon
Andrew Pardey, CEO Poole
Andy Davidson, Head of Investor Relations + 44 (0) 20 7466 5000
(andy.davidson@centamin.je) +44 (0) 1534 828708
This information is provided by RNS
The company news service from the London Stock Exchange
END
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