Centamin PLC Q3 2017 Preliminary Production Results (0015T)
October 09 2017 - 2:00AM
UK Regulatory
TIDMCEY
RNS Number : 0015T
Centamin PLC
09 October 2017
For immediate 9 October 2017
release
Centamin plc ("Centamin" or "the Company")
(LSE:CEY, TSX:CEE)
Q3 2017 Preliminary Production Results
Centamin is pleased to announce preliminary production results
for the quarter ended 30 September 2017 from its Sukari Gold Mine
("Sukari") in Egypt.
Record total gold production for the quarter of 156,533 ounces,
a 26% increase on the previous quarter and 5% higher than Q3 2016,
the previous record quarter for Sukari. The Company maintains its
2017 production guidance of 540,000 ounces.
Quarterly throughput rate of 2,996kt at the process plant, a 2%
decrease on the previous quarter.
The open pit achieved record levels of both total material
movement and ore production. Open pit total material movement (ore
plus waste) increased by 6% on the previous quarter to 18,602kt.
Open pit ore production increased by 58% to 4,825kt at an average
mined grade of 0.76g/t. This included 1,229kt at 0.29g/t delivered
to the dump leach pads. The average head grade to the plant from
the open pit was 1.11g/t.
The run of mine ore stockpile balance increased by 899kt to
1,436kt at the end of the period.
The underground operation delivered 302kt of ore at an average
mined grade of 7.98g/t. Ore from stoping was 189kt at 8.21 g/t and
ore from development was 113kt at 7.57g/t.
Q3 2017 Q2 2017 Q3 2016
(preliminary)
---------------------------- ---------------- -------- --------
Open Pit -Total Material
Movement
(kt) 18,602 17,493 16,191
---------------------------- ---------------- -------- --------
Open Pit - Ore Production
(kt) 4,825 3,060 2,936
---------------------------- ---------------- -------- --------
Underground Ore Production
(kt) 302 293 255
---------------------------- ---------------- -------- --------
Process Plant Throughput
(kt) 2,996 3,056 2,806
---------------------------- ---------------- -------- --------
Process Plant Productivity
(tph) 1,430 1,499 1,437
---------------------------- ---------------- -------- --------
Gold Produced (oz) 156,533 124,641 148,674
---------------------------- ---------------- -------- --------
Andrew Pardey, CEO of Centamin, commented:
"All sections of the mine continued to perform well during the
third quarter, contributing to record production. The higher grade
zones of the open pit, exposed in the later part of Q2, continued
to be mined during Q3 2017, leading to an as planned increase in
head grade to the plant from the open pit. Mining of higher grades
from the open pit is expected to continue for the remainder of
2017. Underground mining continued to perform well, with strong
mining rates and grades achieved from both stoping and development
activities. With the process plant also continuing to deliver high
levels of productivity, we remain on course to meet our full year
2017 production guidance of 540,000 ounces at a cash operating cost
of US$580 per ounce and all-in-sustaining cost (AISC) of US$790 per
ounce."
Centamin is hosting an analyst visit to Sukari on Wednesday 11
October 2017.
For more information, please contact:
Centamin plc Buchanan
Andrew Pardey, CEO Bobby Morse
Jonathan Stephens, Chief Chris Judd
Development Officer Patrick Hanrahan
(info@centamin.com) +44 + 44 (0) 20 7466 5000
(0) 1534 828700
This announcement contains ongoing regulated information.
LEI: 213800PDI9G7OUKLPV84
Company No: 109180
This information is provided by RNS
The company news service from the London Stock Exchange
END
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