Centamin gold production up on higher grades
Centamin maintained full year production as it reported higher quarter-on-quarter gold output driven by improved mining grades.
Centamin (DI)
127.50p
17:05 19/04/24
-0.47%
-0.60p
FTSE 250
19,391.30
17:09 19/04/24
n/a
n/a
FTSE 350
4,341.08
17:09 19/04/24
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FTSE All-Share
4,296.41
17:08 19/04/24
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Mining
10,765.51
17:10 19/04/24
0.97%
103.33
The company on Thursday said gold production rose 53% to 104,047 ounces in the three months to March 31. Year-on-year the figure output was down 17%.
Revenue rose 53% to $190m on gold sales of 106,573 oz, up 34% from Q4, but down 24% year-on-year.
Centamin maintained annual gold production guidance in range of 400,000 - 430,000 oz split equally between the first and second halves of the year. Capex guidance was maintained at $225m with spend weighted towards the second half.