Egypt’s profit share from the Sukari gold mine in 2017 is expected to reach USD 70-80 mn after mine operator Centamin recovers its costs, an unnamed government official tells Al Mal. The company had said in February that it was expecting to pay Egypt USD 100 mn in 2017. Centamin had announced last week that its preliminary gold production from the Sukari gold mine dropped 11% year-on-year in 2Q2017 to 124.6k ounces, but that the company was on track to reach its target of producing 540k ounces this year.

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