Centamin Reports Preliminary Q3 Gold Output of 105,413 Ounces

Centamin plc (TSX:CEE,LSE:CEY) released preliminary Q3 2015 production results from its Egypt-based Sukari gold mine. Output for the quarter came in at 105,413 ounces, up 13-percent from the year-ago period and in line with Q2 2015.
The company is maintaining its full-year production guidance of 430,000 to 440,000 ounces.
As quoted in the press release:

Quarterly throughput at the process plant was 2,673kt, in line with Q2 2015 and with our previous forecast and again in excess of the 10Mtpa nameplate capacity.
Open pit total material movement increased 5% on the previous quarter to 14,344kt with open pit ore production increasing significantly on Q2 2015 by 26% to 2,204kt. The run of mine ore stockpile balance decreased by 297kt to 1,030kt at the end of the period.
The underground operation delivered 312kt of ore, an 11% increase on Q2 2015.

Andrew Pardey, CEO of Centamin, said:

Quarterly production was comparable with both the first and second quarters and in line with our forecast for the period. Plant productivity remained above the 10Mtpa nameplate capacity and we continue to expect further throughput increases as optimisation continues over the coming quarters. The open pit and underground mining operations delivered an increase in material movement over the previous quarter and with open pit grades set to increase towards the reserve average in the fourth quarter, production guidance for the full year remains unchanged at between 430,000 and 440,000 ounces.

Click here to read the full Centamin plc (TSX:CEE,LSE:CEY) press release.