Egypt’s SGM reserve supports Centamin’s 500,000-ounce-per-annum production roadmap

Egypt’s SGM reserve supports Centamin’s 500,000-ounce-per-annum production roadmap

ArabFinance : The gold mining company Centamin Plc announced it has completed the Life of Asset Review, according to an emailed press release on December 8 th , 2021. Through this review, the group has outlined an updated life of mine plan for its flagship asset the Sukari Gold Mine, including additional identified opportunities and a long-term vision for the asset. Centamin’s outlook for its Sukari Gold Mine (SGM) includes boosting production over the coming three years to reach between 450,000 and 500,000 ounces in 2024. var width=document.documentElement.clientWidth;if(width>=320&&width<728){}; googletag.cmd.push(function(){try{var d=document.documentElement.clientWidth;var a;var c="/21857811890/en.zcom/";var b;if(d>=320&&d<728){a=[300,250];b=["mobile_mr_story"]}else{a=[300,250];b=["MR_Story"]}var h="MR_Story";var g=googletag.defineSlot("/21857811890/en.zcom/",a,"div-gpt-ad-MR_Story").setTargeting("type",b).addService(googletag.pubads());gptAdSlots.push(g);if(h!="MR_Story"){googletag.pubads().collapseEmptyDivs(true,true)}googletag.pubads().enableSingleRequest();googletag.enableServices();if((h=="PSB_Left")||(h=="mobile_psb_left")||(h=="PSB_Top")||(h=="mobile_psb_top")||(h=="PSB_Bottom")||(h=="mobile_psb_bottom")||(h=="PSB_Middle")||(h=="mobile_psb_middle")||(h=="leaderboard_home")||(h=="leaderboard_bottom_home")||(h=="mobile_leaderboard_home")||(h=="mobile_leaderboard_bottom_home")){setInterval(function(){googletag.pubads().refresh([g])},240000)}}catch(f){console.log("Error loading Ad banner "+h)}}); try{googletag.cmd.push(function(){googletag.display("div-gpt-ad-MR_Story")})}catch(e){console.log("Error displaying Ad banner "+bannerName)}; The group is set to produce around 430,000 to 460,000 ounces of gold from the Sukari mine in Egypt during 2022 and around 450,000 to 475,000 ounces in 2023. Capital expenditure is expected to amount to $215 million in 2022, $175 million in 2023, and $165 million in 2024. The delivered mineral reserve in excess of one million ounces net of six months mining depletion marked a 23% growth in the Sukari mine proven and probable mineral reserves. This supports the group’s roadmap to produce over 500,000 ounces of gold per annum from the Sukari over