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Centamin Maintains Guidance

Kitco News

Egyptian-miner Centamin is planning for gold production of 490,000 to 520,000 ounces in 2019 with an all-in-sustaining cost of $890-950 per ounce sold.

Centamin released its Q2 report on Thursday.

The company said gold production was 117,913 ounces for Q2, a 27% increase compared to the corresponding quarter in 2018. Centamin sold only 112,764 ounces of gold, 5% below previous quarter due to timing of the closing weekly gold shipment.

Centamin has liquid assets of $327 million.

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