Basic Materials + Commodities

Centamin expects to pay EMRA USD 137 mn in 2018

by enterpriseam adminEgypt Edition8 January 2018

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Centamin plans on paying the Egyptian Mineral Resources Authority (EMRA) USD 137 mn in profits and royalties from the Sukari gold mine in 2018, General Manager Youssef El Raghy told Youm7. He estimates that the shared profit will amount to USD 115 mn, with biannual royalties at USD 22 mn. The mine is expected to produce between 550k-560k ounces of gold in 2018.

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Basic Materials + Commodities

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