Sukari
A wrap-up of the most prominent business news of the day.
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.
A wrap-up of the most prominent business news of the day
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.
Profits of the Egyptian Mineral Resource Authority (EMRA) from Sukari gold mine are expected to reach some $115 million in 2018.
Sukari mine produced a total of 95.3 tons of gold since it started operations in January 2010, with an average monthly production of 1.2-1.5 tons of gold.
Around $100 million of the yields are the mine's profits since the beginning of the profit distribution between the company and the Egyptian Mineral Resources Authority (EMRA).
Cairo International airport announced a state of emergency this morning to secure the unloading and transfer of 277 kilograms of raw gold to travel to Canada
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