Q2 Preliminary Production Results

RNS Number : 2598H

Centamin PLC

10 July 2012

 



For immediate release

10 July 2012

Centamin plc ("Centamin" or "the Company")

(LSE:CEY, TSX:CEE)

 Q2 Preliminary Production Results

Centamin is pleased to announce its preliminary production results from its Sukari Gold Mine ("Sukari") in Egypt for the quarter ended 30 June 2012.

Total gold production for the quarter was a record 67,422 ounces, a 40% increase on the corresponding quarter in 2011 and a 37% increase on Q1 2012.  Record production was achieved as a result of a strong performance on all key operating metrics.  Quarterly throughput in the Sukari process plant was 1,269kt, a 49% increase on the corresponding quarter in 2011 and a 24% increase on Q1 2012, as the plant delivered a record quarter and continued to operate at and above the 5 million tonne per annum run rate.

The open pit delivered total material movement of over 6,579kt and underground ore production for the quarter increased to 117kt, a 63% increase on Q1 2012 and a 172% increase on Q2 2011. With higher material movements from the open pit, the run of mine ore stockpile balance increased by 278kt to 497kt by the end of the quarter.

	Q2 2012 (estimate)	Q1 2012	Q2 2011
Total Material Movement - Open Pit (kt)	6,579	4,819	3,030
Underground Ore Production (kt)	117	72	43
Process Plant Throughput (kt)	1,269	1,020	850
Process Plant Productivity (tph)	652	656	472
Gold Produced (oz)	67,422	49,071	47,991

Josef El-Raghy, Chairman of Centamin, commented: "Our team at Sukari has delivered a record quarter on tonnes mined from the underground and tonnes processed through the plant.  Open pit tonnes mined increased significantly from Q1 as staged development in line with the optimised mine plan announced in May opened up additional mining faces.  We have delivered our strongest operating quarter to date and remain on track to deliver our full year production guidance of 250,000 ounces."

Notice of Results

Centamin will announce its full Q2 Results at 7am (GMT) on Tuesday 14 August 2012 via the Regulatory News Service of the London Stock Exchange and Marketwire on the Toronto Stock Exchange. A webcast and conference call with the Centamin management team will be held at 9am (GMT) on the day of the Q2 results announcement and a second call will be held at 2pm (GMT) and 9am (EST/NY) for North American analysts and investors Q&A. Details of the webcast and conference call numbers will be announced at the time of the Q2 results.

For more information please contact:

Centamin plc Josef El-Raghy, Chairman [phone]	Buchanan               Bobby Morse / Cornelia Browne / Gabriella Clinkard               + 44 (0) 20 7466 5000

 

END

 

 

MSCEKLFBLDFEBBQ