Centamin Plc (GB:CEY) has released an update.
Centamin Plc reported a slight year-on-year decrease in gold production for Q1 2024 due to processing lower-grade ore and maintenance activities, but saw a 3% quarter-on-quarter reduction in all-in sustaining costs (AISC) and remains committed to its 2024 production and cost guidance. The company highlighted significant safety achievements at the Sukari Gold Mine, including a new lost time injury-free record and ISO 45001 certification. They also anticipate increased production rates for the remainder of the year and are progressing with the Doropo project in Cote d’Ivoire and exploration in Egypt’s Eastern Desert.
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