Centamin Sees 40 Percent Increase in Gold Production

Centamin plc (LSE:CEY,TSX:CEE) announced that its gold production for the second quarter of 2012 increased by 40 percent compared to the same period last year, reaching a record of 67,422 ounces.

According to the press release, other highlights of the results include:

• Cash costs of US$565 per ounce (US$729 inclusive of fuel prepayments, see main text)
• Average gold sales price received of US$1,610 per ounce
• Underground mine achieved record quarterly ore production of 116kt, a 269% increase on Q2 2011
• Record mill utilisation of 89%, a 7% increase on Q2 2011
• Record mill throughput of 1,269kt, an increase of 49% on Q2 2011 with record monthly mill throughput in May of 453,457t
• Stage 4 (plant expansion to 10Mtpa) continues to progress well and is on track for commissioning to begin in Q1 2013.  Expenditure to date is US$138.7 million

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