Centamin plc Q3 2015 Preliminary Production Results
PERTH, AUSTRALIA -- (Marketwired - Oct 8, 2015) - Centamin (LSE: CEY) (TSX: CEE) is pleased to announce preliminary production results for the quarter ended 30 September 2015 from its Sukari Gold Mine ("Sukari") in Egypt.Preliminary total gold production for the quarter was 105,413 ounces, a 13% increase on Q3 2014 and in line with production in the second quarter 2015. Full year production guidance of between 430,000 and 440,000 ounces is maintained.
Quarterly throughput at the process plant was 2,673kt, in line with Q2 2015 and with our previous forecast and again in excess of the 10Mtpa nameplate capacity.
Open pit total material movement increased 5% on the previous quarter to 14,344kt with open pit ore production increasing significantly on Q2 2015 by 26% to 2,204kt. The run of mine ore stockpile balance decreased by 297kt to 1,030kt at the end of the period.
The underground operation delivered 312kt of ore, an 11% increase on Q2 2015.
| Q3 2015 (preliminary) | Q2 2015 | Q3 2014 | |
| Open Pit - Total Material Movement (kt) | 14,344 | 13,671 | 11,406 |
| Open Pit - Ore Production (kt) | 2,204 | 1,751 | 2,693 |
| Underground Ore Production (kt) | 312 | 282 | 248 |
| Process Plant Throughput (kt) | 2,673 | 2,667 | 2,388 |
| Process Plant Productivity (tph) | 1,342 | 1,361 | 1,252 |
| Gold Produced (oz) | 105,413 | 107,781 | 93,624 |
Andrew Pardey, CEO of Centamin, commented:
"Quarterly production was comparable with both the first and second quarters and in line with our forecast for the period. Plant productivity remained above the 10Mtpa nameplate capacity and we continue to expect further throughput increases as optimisation continues over the coming quarters. The open pit and underground mining operations delivered an increase in material movement over the previous quarter and with open pit grades set to increase towards the reserve average in the fourth quarter, production guidance for the full year remains unchanged at between 430,000 and 440,000 ounces."
Contact
For more information please contact:
Centamin Plc
Josef El-Raghy
Chairman
Andrew Pardey
CEO
Andy Davidson
Head of Investor Relations
andy.davidson@centamin.je
+44 (0) 1534 828708
Buchanan
Bobby Morse
Robbie Ceirog-Hughes
+ 44 (0) 20 7466 5000
