General Manager of Centamin Egypt Youssef al-Raghy told Egypt Today that the size of target production of Sokary Gold Mine in 2020 is 510,000 -540,000 ounces.
On the setbacks of a 2014 bill tackling investment in gold mining, amid a recent bid by the government to amend current legislation.
Production from Egypt’s Sukari Gold Mine has reached 106.7 tons of gold since the mine started production in 2010 and until April 2018.
The Egyptian Mineral Resource Authority (EMRA) has received around $14.4 million in revenues from the Sukari gold mine in January 2018.
Centamin posted a 13% fall in core profit in 2017 Wednesday as gold production fell and costs rose but the miner declared a final dividend that beat consensus.
The mine’s gold reserves rose to eight million ounces, after production increased by one million ounces in the period between June 2015 to June 2017.
Rescuers on Monday desperately tried to contact eight miners missing in a flooded Siberian diamond mine
South Africa's Sibanye Gold said on Monday that 178 illegal miners have now been arrested at its Cooke operations.