Sukari gold mine

Mineral exploration firm Centamin has reported a 7% increase in its total gold production from Sukari gold mine in Egypt.

The increase shows gold production at 91,546oz for Q4 of 2013, compared to 85,413oz for the same period in 2012.

The result brings the company’s full-year production to 356,943oz of gold, above its guidance by more than 36,000oz and a 36% increase on 2012.

Open pit total material movement decreased by 8% from Q3 to 9.6 million tonnes, and open pit ore production fell 7% in Q3 to 3.16 million tonnes.

The underground mine delivered 174,000t of ore, which was a 15% increase on the previous quarter.

The company said its quarterly throughput from the Sukari process plant was 1.4 million tonnes, a 12% increase on the previous year but a 4% decrease on the previous quarter. This exceeds the nameplate annualised rate of 5 million tonnes for the fourth successive quarter with continued high levels of productivity and availability.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Sukari produced 150,000oz of gold in its first year of production in 2010 and has since expanded to more than 260,000oz in 2012.

The Stage four plant expansion programme started in 2011 and has a production target of 450,000oz to 500,000oz per annum, from 2015 onwards.

The Sukari gold project is located in the eastern desert of Egypt about 23km south-west of Marsa Alam, a coastal town near the Red Sea.

The operating company Sukari Gold Mines is jointly owned by Centamin’s subsidiary, Pharaoh Gold Mines NL, and the Egyptian Mineral Resource Authority on a 50% each basis.

Image: The Sukari project is Egypt’s first large-scale gold mine. Photo: courtesy of Centamin Egypt Limited.