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.
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.
MARKETS
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Commodities | |||
---|---|---|---|
Gold | 1877.63 | -16.30 | |
Silver | 22.52 | -0.48 | |
Copper | 4.29 | 0.00 | |
Palladium | 2192.00 | -64.00 | |
Platinum | 987.00 | -11.00 | |
Oil | 108.82 | +0.56 | |
Heating Oil | 4.08 | +0.03 | |
Natural Gas | 8.83 | +0.04 |
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