Centamin produced 544.7k oz of gold from Sukari in 2017, expects 580k oz in 2018

Centamin announced that its 2017 full year production from the Sukari gold mine was 544.7k ounces, higher than the guidance of 540k, according to a company statement. The company expects 580k ounces of gold to be produced from Sukari in 2018, with the mine plan forecasting a relatively balanced quarterly production profile over the year. “We look forward to delivering solid growth in 2018 with gold production guidance of 580k ounce at a cash cost of USD 555/oz and an all-in sustaining cost of USD 770/oz resulting in significant free cash flow for our shareholders,” CEO Andrew Pardey commented.