Centamin

Petroleum min.: 11 companies won gold exploration bid in Eastern Desert

Thu, 19 Nov 2020 - 11:53 GMT

11 mining companies won a gold ore exploration bid on an area of about 170 km2 in the Eastern Desert and the Red Sea.

Centamin's profits surge 221% during H1 of 2020

Tue, 04 Aug 2020 - 02:38 GMT

The company said in a statement Tuesday, that it achieved a pre-tax profit of $ 191.14 million, compared to $ 59.62 million in the first half of 2019.

Sokary Gold Mine's production targeted to hit 510k-540k ounces in 2020: Centamin Egypt chairman

Tue, 19 May 2020 - 02:18 GMT

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.

Egypt receives $107M in profit share, royalties from Centamin

Mon, 18 May 2020 - 02:09 GMT

The company clarified that profit share distribution to Egypt recorded $87.1 million and royalty payments hit $19.7 million.

Centamin reports better-than-expected Q1 gold output

Wed, 24 Apr 2019 - 04:20 GMT

The company’s output totalled 116,183 ounces of gold for the three months ended March 31, above its forecast range of 105,000 to 115,000 ounces.

Sukari Mine production drops 13% in 2018

Wed, 09 Jan 2019 - 12:19 GMT

The production from the mine hiked during the fourth quarter of 2018 by 17 percent to 137,600 ouances, compared to 117,720 ounces in the third quarter of the same year.

Gold miner Centamin's core earnings beat expectations, shares rise

Thu, 02 Aug 2018 - 09:53 GMT

Shares of the Egypt-focused company climbed 4 percent in morning trading on the London Stock Exchange.

Sukari mine’s production of gold reaches 92.8K ounces: Centamin

Mon, 09 Jul 2018 - 11:56 GMT

The company will keep the gold production in 2018 at levels between 505,000 and 515,000 ounces.

Sukari mine’s production of gold reaches 106.7 tons: Centamin

Sat, 12 May 2018 - 10:39 GMT

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.

Sukari mine produces 124.3K ounces in Q1

Mon, 09 Apr 2018 - 10:51 GMT

Gold production at Sukari mine decreased 19 percent in a quarter-on-quarter basis.

Business News Wrap-up

Sun, 18 Mar 2018 - 05:51 GMT

A wrap-up of the most prominent business news of the day.

EMRA receives $14.4M in revenues from Sukari mine in January

Sun, 18 Mar 2018 - 02:12 GMT

The Egyptian Mineral Resource Authority (EMRA) has received around $14.4 million in revenues from the Sukari gold mine in January 2018.

Gold miner Centamin reports 2017 profit fall

Wed, 31 Jan 2018 - 12:14 GMT

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.

Sukari gold mine’s reserves rise to 8M ounces

Thu, 11 Jan 2018 - 01:19 GMT

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.

Business News Wrap-up

Sun, 07 Jan 2018 - 04:57 GMT

A wrap-up of the most prominent business news of the day

Sukari operator Centamin to pay $137M to EMRA in 2018

Sun, 07 Jan 2018 - 01:34 GMT

Profits of the Egyptian Mineral Resource Authority (EMRA) from Sukari gold mine are expected to reach some $115 million in 2018.

Sukari mine exports 404kg of Egypt’s gold to Canada

Wed, 29 Nov 2017 - 10:40 GMT

The gold quantities came from Marsa Alam in 22 boxes and left the airport on Gulf Air.

Sukari to produce 600,000 ounces of gold in 2018

Thu, 02 Nov 2017 - 10:58 GMT

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.

Sukari gold mine yields to Egypt amount to $200M by August

Fri, 18 Aug 2017 - 03:11 GMT

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).

Centamin Q2 pretax profit nearly halves on lower gold output

Thu, 03 Aug 2017 - 12:32 GMT

Centamin, the operator of Egypt's only commercial gold mine, said its second-quarter pretax profit almost halved due to lower gold production and higher costs.

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