Resource News

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.

Featured

MARKETS

Markets
TSX20696.17-488.78
TSXV783.69-23.69
DOW32997.97-1063.09
S&P 5004146.87-153.30
NASD12317.69-647.16
ASX7316.20-30.80

COMMODITIES

Commodities
Gold1877.63-16.30
Silver22.52-0.48
Copper4.290.00
Palladium2192.00-64.00
Platinum987.00-11.00
Oil108.82+0.56
Heating Oil4.08+0.03
Natural Gas8.83+0.04

DOWNLOAD FREE REPORTS

×