Last Update 10:16
Sunday, 05 April 2020

Gold miner Centamin hikes FY production forecast

Reuters , Wednesday 10 Aug 2016
Share/Bookmark
Views: 1792
Share/Bookmark
Views: 1792

Gold miner Centamin Plc raised its production guidance for 2016, aided by rising output from its Sukari mine in Egypt, and said its second-quarter core profit more than doubled.

The company said it expects to produce between 520,000 and 540,000 ounces of gold this year, up from 470,000 ounces earlier.

Centamin said its earnings before interest, tax, depreciation and amortisation rose to $101.6 million for the second quarter ended June 30 from $37.3 million a year earlier. 

Short link:

 

Latest

© 2010 Ahram Online.