Q1 2018 Preliminary Production Results

2018-04-09 / @fscwire

Q1 2018 Preliminary Production Results

Perth, Australia (FSCwire) - Centamin announces preliminary production results for the quarter ended 31 March 2018 from its Sukari Gold Mine ("Sukari") in Egypt.

Quarter Preliminary Production Results

Gold production for the quarter was 124,296 ounces, a 19% reduction quarter on quarter ("QoQ") and a 14% increase year on year ("YoY")

The Company maintains full year guidance of 580,000 ounces

Total ore processed for the quarter was 3.07Mt, a consistent QoQ performance and a 6% increase YoY

Metallurgical plant recoveries for the quarter were 89.6%, a material 1% increase QoQ and 1% increase YoY

Open pit total material movement for the quarter was 18.5Mt, a 5% increase QoQ and 8% increase YoY

Quarterly open pit ore mined was 6.05Mt, at an average mined grade of 0.50g/t, a 6% increase in tonnes QoQ and a 144% increase YoY, and a 19% decrease in grade QoQ and a 6% increase YoY

o This included 1.45Mt at 0.36g/t delivered to the dump leach pads

o The average head grade to the plant from the open pit was 0.69g/t

Underground operation delivered 312kt of ore, at an average mined grade of 6.69g/t, a 5% increase in tonnes QoQ and a 24% increase YoY

o Underground ore from stoping was 160kt at 7.27g/t

o Underground ore from development was 152kt at 6.09g/t

Run of mine ore stockpile balance increased by 1.96Mt to 4.14Mt, as at the end of the quarter

Q1 2018 Preliminary Production Results
	units	Q1 2018 (preliminary)	Q4 2017	Q1 2017
Open Pit - material moved	kt	18,496	17,647	17,128
Open Pit - ore mined	kt	6,047	5,726	2,478
Underground - ore mined	kt	312	298	252

Process plant throughput	kt	3,068	3,072	2,908
Plant feed grade	g/t	1.31	1.70	1.29
Metallurgical recovery rate	%	89.6%	88.5%	88.8%

Gold produced	oz	124,296	154,298	109,187