Production at Egypt's biggest gold mine rose 16% in 2015

Ahram Online , Thursday 7 Jan 2016

Global gold miner Centamin announced preliminary production results from its Egyptian Sukari mine for 2015, recording a 16 percent rise compared with the previous year, the company said in an e-mailed statement on Thursday.

The Australia-based company said the total gold production of Sukari, which is located in Egypt's eastern desert, was 439,000 ounces last year, almost meeting the group’s guidance of 440,000 ounces.

Sukari’s production forecast for 2016 is 470,000 ounces, at an all-in-sustaining cost of $900 per ounce.

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