Q3 2018 Preliminary Production Results
Q3 2018 Preliminary Production Results
Perth, Australia (FSCwire) - Centamin announces preliminary production results for the third quarter ended 30 September 2018 (“Q3”) from its Sukari Gold Mine (“Sukari”) in Egypt.
|
Quarter on quarter comparative |
Year on year comparative |
|||||||
|
|
units |
Q3 2018 |
Q2 2018 |
% change |
Q3 2018 |
Q3 2017 |
% change |
|
|
Safety |
||||||||
|
Sukari LTIFR |
200,000 hours |
0.14 |
0 |
0.14 |
0 |
|||
|
Open pit mining |
||||||||
|
Total material mined |
kt |
19,891 |
18,415 |
8% |
19,891 |
18,602 |
7% |
|
|
Ore mined(1) |
kt |
6,562 |
5,532 |
19% |
6,562 |
4,825 |
36% |
|
|
Ore grade mined |
g/t Au |
0.64 |
0.51 |
25% |
0.64 |
0.76 |
-16% |
|
|
Ore grade milled |
g/t Au |
0.81 |
0.59 |
37% |
0.81 |
1.11 |
-27% |
|
|
Strip ratio |
waste/ore |
2.03 |
2.33 |
-13% |
2.03 |
2.86 |
-29% |
|
|
Underground mining |
||||||||
|
Ore mined stoping |
kt |
199 |
180 |
11% |
199 |
189 |
5% |
|
|
Ore mined developmentt |
kt |
128 |
109 |
17% |
128 |
113 |
13% |
|
|
Ore grade mined |
g/t Au |
5.18 |
4.62 |
12% |
5.18 |
7.98 |
-35% |
|
|
Processing |
||||||||
|
Ore processed |
kt |
3,129 |
3,172 |
-1% |
3,129 |
2,996 |
4% |
|
|
Head grade |
g/t Au |
1.29 |
0.99 |
30% |
1.29 |
1.82 |
-29% |
|
|
Gold recovery |
% |
88.7 |
87.3 |
2% |
88.7 |
88.3 |
0% |
|
|
Gold produced - dump leach |
oz |
3,894 |
3,028 |
29% |
3,894 |
1,692 |
130% |
|
|
Total gold production(2) |
oz |
117,720 |
92,803 |
27% |
117,720 |
156,533 |
-25% |
|
(1) Gold produced is gold poured and does not include gold-in-circuit at period end.
OVERVIEW
- Gold production for Q3 was 117,720 ounces, a 27% improvement on the second quarter (“QoQ”), resulting from month on month operational improvements in the open pit and underground;
- September was a strong month with production of 48,511 ounces. However operational improvements have taken longer than planned to materialise;
- In Q4, we expect improvements to be sustained and production in the region of 145,000 ounces, resulting in a total 2018 annual production of approximately 480,000 ounces.
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To view the associated document to this release, please click on the following link:
public://news_release_pdf/centamin10052018.pdf
To view the original release, please click here
Source: Centamin plc (TSX:CEE, LSE:CEY)
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