Q3 Financial Results to 30 September 2017
Perth, Australia (FSCwire) - Centamin Plc ("Centamin", the "Group" or "the Company") (LSE: CEY, TSX: CEE) is pleased to announce its results for the third quarter and nine months ended 30 September 2017.
Q3 2017 Operational Highlights (1),(2)
- Record quarterly gold production of 156,533 ounces was a 26% increase on Q2 2017 and 5% higher than Q3 2016.
- Q3 2017 cash cost of production and all-in sustaining costs (AISC) remain well controlled resulting in unit cash cost of production of US$483 per ounce produced and unit AISC of US$732 per ounce sold.
- Full year 2017 guidance maintained at 540,000 ounces, with US$580 per ounce cash cost of production and US$790 per ounce AISC.
- Quarterly throughput of 3.0 million tonnes from Sukari process plant, a slight decrease of 2% on Q2 2017 and an increase of 7% on Q3 2016 performance.
- Amun / Ptah underground operations delivered 302kt at a grade of 7.98g/t to the ROM pad with mill feed from underground of 305kt at 8.07g/t during the period.
- Third successive record quarterly open-pit material movement of 18.6 million tonnes.
- Continued positive results from underground exploration drilling at Sukari at both Amun / Ptah and Cleopatra and further encouraging drill results received from Côte d'Ivoire.
- Development of the Cleopatra exploration decline, located in the north-east of Sukari Hill, advanced 153 metres.
For more information, please contact:
Andrew Pardey, Chief Executive Officer Jonathan Stephens, Chief Development Officer (info@centamin.com) +44 (0) 1534 828700 | Buchanan Bobby Morse Chris Judd Patrick Hanrahan + 44 (0) 20 7466 5000 |
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Source: Centamin Plc (TSX:CEE, LSE:CEY)
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