Information  X 
Enter a valid email address

Centamin maintains output guidance for 2021 after annual production meets expectations

By BFN News | 07:57 AM | Tuesday 19 January, 2021

Mining company Centamin maintained its guidance for 2021 after reporting annual production that met its revised expectations. For 2021, gold production was guided in a range of 400,000 to 430,000 ounces, at cash costs of US$800-to-900 per ounce produced and AISC of US$1,150-to-1,250 per ounce sold. Gold production from the Sukari gold mine for the fourth quarter of 2020, was 67,996 ounces, in-line with the quarterly guidance range of 60,000 to 70,000 ounces. Gold production for 2020 was 452,320 ounces and in-line with annual production guidance of 445,000 to 455,000 ounces. Fourth-quarter revenue was US$150 million as gold sales fell 33% to 79,535 ounces year-on-year. For the full-year 2020, revenue was US$829 million, as gold sales were flat at 468,681 ounces year-on-year. Adjusted free cash flow was US$3 million for fourth quarter, and $142 million for the full-year. The company said Capital was on track to commence material movement as part of the 120 million tonnes waste-stripping programme at Sukari in H1 2021. Story provided by

a d v e r t i s e m e n t