Q3 2018 Preliminary Production Results
Perth, Australia (FSCwire) - Centamin announces preliminary production results for the third quarter ended 30 September 2018 (“Q3”) from its Sukari Gold Mine (“Sukari”) in Egypt.
| Quarter on quarter comparative | Year on year comparative | |||||||
| units | Q3 2018 | Q2 2018 | % change | Q3 2018 | Q3 2017 | % change | ||
| Safety | ||||||||
| Sukari LTIFR | 200,000 hours | 0.14 | 0 | 0.14 | 0 | |||
| Open pit mining | ||||||||
| Total material mined | kt | 19,891 | 18,415 | 8% | 19,891 | 18,602 | 7% | |
| Ore mined(1) | kt | 6,562 | 5,532 | 19% | 6,562 | 4,825 | 36% | |
| Ore grade mined | g/t Au | 0.64 | 0.51 | 25% | 0.64 | 0.76 | -16% | |
| Ore grade milled | g/t Au | 0.81 | 0.59 | 37% | 0.81 | 1.11 | -27% | |
| Strip ratio | waste/ore | 2.03 | 2.33 | -13% | 2.03 | 2.86 | -29% | |
| Underground mining | ||||||||
| Ore mined stoping | kt | 199 | 180 | 11% | 199 | 189 | 5% | |
| Ore mined developmentt | kt | 128 | 109 | 17% | 128 | 113 | 13% | |
| Ore grade mined | g/t Au | 5.18 | 4.62 | 12% | 5.18 | 7.98 | -35% | |
| Processing | ||||||||
| Ore processed | kt | 3,129 | 3,172 | -1% | 3,129 | 2,996 | 4% | |
| Head grade | g/t Au | 1.29 | 0.99 | 30% | 1.29 | 1.82 | -29% | |
| Gold recovery | % | 88.7 | 87.3 | 2% | 88.7 | 88.3 | 0% | |
| Gold produced - dump leach | oz | 3,894 | 3,028 | 29% | 3,894 | 1,692 | 130% | |
| Total gold production(2) | oz | 117,720 | 92,803 | 27% | 117,720 | 156,533 | -25% | |
(1) Gold produced is gold poured and does not include gold-in-circuit at period end.
OVERVIEW
- Gold production for Q3 was 117,720 ounces, a 27% improvement on the second quarter (“QoQ”), resulting from month on month operational improvements in the open pit and underground;
- September was a strong month with production of 48,511 ounces. However operational improvements have taken longer than planned to materialise;
- In Q4, we expect improvements to be sustained and production in the region of 145,000 ounces, resulting in a total 2018 annual production of approximately 480,000 ounces.
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Source: Centamin Plc (TSX:CEE, LSE:CEY)
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