Centamin Egypt Ltd Mining News

Centamin sees mineral resources more than doubling in Côte d’Ivoire

The miner has added 780,000 indicated ounces of gold to its Doropo project in Cote d’Ivoire, taking the its overall resource to over 2 million ounces.

Centamin gold output falls 13% in 2018 on decline at flagship mine

The company produced 472,418 ounces of gold at its Egypt-based Sukari mine last year, compared to 544,658 ounces in 2017, due to disruptions and lower grades at the operation.

Centamin reshuffles board amid production hitches at Sukari mine

Josef El-Raghy had moved from executive chairman to chairman, as the search for a successor continues.

Centamin drops more than 12 percent on second cut to annual output target

The miner now expects to produce 480,000 ounces of gold, down from a range of 505,000 to 515,000 ounces it estimated in May.

Egypt’s officials proud of the country’s sole gold-exporting mine

In Q1 2018, the mine produced 124,296 ounces, some 30,000 ounces below Q4 2017 levels but a 14 per cent increase y-o-y.

Egypt’s sole gold-exporting mine reports high profits

January profits for the Sukari gold mine are making headlines in the country.

Centamin shareholders get bumper divvy, despite 2017 profit fall

Egypt-focused gold miner is paying a final dividend of 10 US cents per share, or a total of $144 million, as it vowed to return all of its excess cash to investors.

Egypt awards gold mining tender to four companies

Two of them are foreign firms.

Egypt opens gold assets to foreign companies, first time since 2009

First international tender for gold mining concessions in eight years to be held on Sunday.

Egypt ancient gold mines offer clues on country’s untapped vast mineral deposits

The country is said to be sitting on mineral deposits worth hundreds of billions of dollars which, once developed, could surpass oil as its main source of income.

Centamin ups 2016 production target for its gold mine in Egypt

The miner is one the very few bullion miners to have performed well during one of the most difficult markets conditions affecting gold producers in decades.

Centamin stock dives on below-expectations 2015 gold output forecast

The gold miner said it expected to produce 420,000 ounces at its only operating mine in Egypt this year, missing some analyst expectations.

Centamin shares jump on Sukari gold mine results

The firm mined 93,624 ounces of the yellow metal in the three months to end September and it also maintained its full-year production forecast of 420,000 ounces of gold.

No end in sight for Centamin legal fight over gold mine in Egypt

An appeal case on the company’s right to mine in Egypt is seen taking until next year to resolve.

Centamin legal fight over gold mine in Egypt set to end this year

Centamin issues in Egypt go back to 2012, when a court cancelled its mining license for Sukari, the firm’s only producing mine, and the country’s first large-scale modern gold operation.

Egypt halts Centamin gold exports

Centamin was the only large producer in the country

Egypt to boost mining in 2013, but first will ‘reconsider’ current licenses

The new authorities are considering offering a number of international bids for mineral exploration, particularly for gold.

Pharaoh gold mines to explore for gold in 4 countries

Pharaoh Gold Mines NL, Centamin's wholly-owned subsidiary, signed gold exploration contracts with Oman, Saudi Arabia, Ethiopia and Sudan.

Egypt lifts gold export ban

Egypt has lifted a ban on the export of gold due to increasing economic and political stability, the government said in a statement on Saturday. The government decided on Feb. 27 to ban exports of gold until June 30 -- a decision which the statement issued on Saturday said was aimed at "guarding Egyptian national security and to stop smuggling of the country's wealth abroad".

Centamin expects FY gold production at lower end of guidance

Centamin Egypt (CEY.L) (CEE.TO) said it expects full-year production to come in at the lower end of its 250,000-290,000 ounce guidance after output in the first quarter was hit by supply problems. It poured 45,204 ounces in the first quarter and said its Sukari operation remained largely unaffected by Egypt's political unrest.

Centamin says still shipping gold despite 4-month export ban by Egypt

Gold production at Centamin's flagship Sukari gold project have continued and company says no restrictions imposed although Egypt on Sunday banned gold exports for next 4 months