Q3 Preliminary Production Results

RNS Number : 0406Q

Centamin PLC

09 October 2013

 

For immediate release

09 October 2013

Centamin plc ("Centamin" or "the Company")

(LSE:CEY, TSX:CEE)

Q3 Preliminary Production Results

Centamin is pleased to announce preliminary production results from its Sukari Gold Mine ("Sukari") in Egypt for the quarter ended 30 September 2013.

Total gold production for the quarter was 84,757 ounces, a 39% increase on the corresponding quarter in 2012 and 9% lower than Q2 2013.  This brings year to date production to 265,397 ounces.

Open pit total material movement decreased 5% from Q2 2013 to 10,506kt and open pit ore production increased 15% on Q2 2013 to 3,409kt which led to an increase in the run of mine ore stockpile balance of 346kt to 1,537kt at the end of the period.  The underground mine delivered 152kt of ore, up 7% on Q2 2013.

Quarterly throughput at the Sukari process plant was a record 1,463kt, a 46% increase on the prior year period and a 3% increase on Q2 2013; exceeding the nameplate annualised rate of 5 million tonnes for the third successive quarter with continued high levels of productivity and availability.

	Q3 2013 (estimate)	Q2 2013	Q3 2012
Total Material Movement - Open Pit (kt)	10,506	11,020	6,970
Open Pit Ore Production (kt)	3,409	2,961	1,653
Underground Ore Production (kt)	152	142	93
Process Plant Throughput (kt)	1,463	1,419	1,004
Process Plant Productivity (tph)	715	699	624
Gold Produced (oz)	84,757	93,624	60,922

Josef El-Raghy, Chairman of Centamin, commented:

"The third quarter saw another strong performance on several fronts most notably a further increase in both tonnes mined from underground and total process plant throughput.  Whilst we expect some impact in Q4 on plant throughput from the commencement of Stage 4 commissioning activities, we are now well placed to exceed our initial full year 2013 guidance of 320,000 ounces, provided on 14 March 2013."

For more information please contact:

Centamin plc Josef El-Raghy, Chairman Andy Davidson, Head of Business Development and Investor Relations ([e-mail]) [phone]

Buchanan Bobby Morse Cornelia Browne Gabriella Clinkard + 44 (0) 20 7466 5000

 

END

 

 

MSCQVLFBXBFBFBE