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Centamin’s profit falls, mulls sale of Burkina Faso project

Reuters | August 5, 2021 | 7:50 am Gold 
Centamin expects 2021 production at midpoint of forecast
Sukari is Egypt’s sole gold-exporting mine and the first large-scale modern gold operation in the North African nation. (Image courtesy of Centamin.)

London-listed gold miner Centamin posted a 39% fall in first-half pretax profit on Thursday, as a drop in its production outweighed an improvement in pricing.

Centamin, which operates the Sukari Gold Mine in Egypt, was assessing strategic options, including possible sale of its non-core asset at Batie West in Burkina Faso, it said, adding that the project no longer aligned with its investment criteria.

(By Shanima A; Editing by Uttaresh.V)

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