Q1 2018 Preliminary Production Results
Perth, Australia (FSCwire) - Centamin announces preliminary production
results for the quarter ended 31 March 2018 from its Sukari Gold Mine ("Sukari") in Egypt.
Quarter Preliminary Production Results
- Gold production for the quarter was 124,296 ounces, a 19% reduction quarter on quarter ("QoQ") and a 14%
increase year on year ("YoY")
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- The Company maintains full year guidance of 580,000 ounces
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- Total ore processed for the quarter was 3.07Mt, a consistent QoQ performance and a 6% increase YoY
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- Metallurgical plant recoveries for the quarter were 89.6%, a material 1% increase QoQ and 1% increase
YoY
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- Open pit total material movement for the quarter was 18.5Mt, a 5% increase QoQ and 8% increase YoY
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- Quarterly open pit ore mined was 6.05Mt, at an average mined grade of 0.50g/t, a 6% increase in tonnes
QoQ and a 144% increase YoY, and a 19% decrease in grade QoQ and a 6% increase YoY
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o This included 1.45Mt at 0.36g/t delivered to the dump leach pads
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o The average head grade to the plant from the open pit was 0.69g/t
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- Underground operation delivered 312kt of ore, at an average mined grade of 6.69g/t, a 5% increase in
tonnes QoQ and a 24% increase YoY
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o Underground ore from stoping was 160kt at 7.27g/t
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o Underground ore from development was 152kt at 6.09g/t
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- Run of mine ore stockpile balance increased by 1.96Mt to 4.14Mt, as at the end of the quarter
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Q1 2018 Preliminary Production Results
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units
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Q1 2018 (preliminary)
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Q4 2017
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Q1 2017
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Open Pit - material moved
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kt
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18,496
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17,647
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17,128
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Open Pit - ore mined
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kt
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6,047
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5,726
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2,478
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Underground - ore mined
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kt
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312
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298
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252
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Process plant throughput
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kt
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3,068
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3,072
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2,908
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Plant feed grade
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g/t
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1.31
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1.70
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1.29
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Metallurgical recovery rate
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%
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89.6%
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88.5%
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88.8%
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Gold produced
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oz
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124,296
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154,298
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109,187
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Click on, or paste the following link into your web browser, to view the associated PDF document.
http://www.rns-pdf.londonstockexchange.com/rns/1947K_1-2018-4-9.pdf
For further information, please visit www.centamin.com or contact:
This information is provided by RNS
The company news service from the London Stock Exchange
To view the associated document to this release, please click on the following link:
public://news_release_pdf/centamin04092018.pdf
To view the original release, please click here
Source: Centamin plc (TSX:CEE, LSE:CEY)
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