Q3 Financial Results to 30 September 2017

2017-11-02 / @fscwire

 

Q3 Financial Results to 30 September 2017



Perth, Australia (FSCwire) - Centamin plc ("Centamin", the "Group" or "the Company") (LSE: CEY, TSX: CEE) is pleased to announce its results for the third quarter and nine months ended 30 September 2017.

Q3 2017 Operational Highlights (1),(2)

  • Record quarterly gold production of 156,533 ounces was a 26% increase on Q2 2017 and 5% higher than Q3 2016.

  • Q3 2017 cash cost of production and all-in sustaining costs (AISC) remain well controlled resulting in unit cash cost of production of US$483 per ounce produced and unit AISC of US$732 per ounce sold.

  • Full year 2017 guidance maintained at 540,000 ounces, with US$580 per ounce cash cost of production and US$790 per ounce AISC.

  • Quarterly throughput of 3.0 million tonnes from Sukari process plant, a slight decrease of 2% on Q2 2017 and an increase of 7% on Q3 2016 performance.

  • Amun / Ptah underground operations delivered 302kt at a grade of 7.98g/t to the ROM pad with mill feed from underground of 305kt at 8.07g/t during the period.

  • Third successive record quarterly open-pit material movement of 18.6 million tonnes.

  • Continued positive results from underground exploration drilling at Sukari at both Amun / Ptah and Cleopatra and further encouraging drill results received from C??te d'Ivoire.

  • Development of the Cleopatra exploration decline, located in the north-east of Sukari Hill, advanced 153 metres.

For more information, please contact:

Centamin plc

Andrew Pardey, Chief Executive Officer

Jonathan Stephens, Chief Development Officer

(info@centamin.com) +44 (0) 1534 828700

Buchanan

Bobby Morse

Chris Judd

Patrick Hanrahan

+ 44 (0) 20 7466 5000

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Please follow link to view full version:

http://www.rns-pdf.londonstockexchange.com/rns/3299V_-2017-11-1.pdf

This information is provided by RNS

The company news service from the London Stock Exchange

END



To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/Centamin11022017.pdf

Source: Centamin plc (TSX:CEE, LSE:CEY)

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