{"id":622614,"date":"2018-10-08T04:03:43","date_gmt":"2018-10-08T04:03:43","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/08\/centamin-cuts-output-targets-shares-drop-12\/"},"modified":"2018-10-08T04:03:43","modified_gmt":"2018-10-08T04:03:43","slug":"centamin-cuts-output-targets-shares-drop-12","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/08\/centamin-cuts-output-targets-shares-drop-12\/","title":{"rendered":"Centamin cuts output targets, shares drop 12%"},"content":{"rendered":"

Gold miner Centamin has cut its 2018 output target from its Sukari mine in Egypt to 480k ounces from a previous forecast of 505k-515k ounces due to operational improvements at its taking \u201clonger than planned to materialise,\u201d according to a company release<\/a>. Centamin had previously cut its output target in May<\/a> from an initial forecast of 580k ounces due to lower grade gold at Sukari. The announcement caused Centamin\u2019s share price to drop 12% on Friday, according to the Financial Times<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Gold miner Centamin has cut its 2018 output target from its Sukari mine in Egypt to 480k ounces from a previous forecast of 505k-515k ounces due to operational improvements at its taking \u201clonger than planned to materialise,\u201d according to a company release. Centamin had previously cut its output target in May from an initial forecast […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9309],"tags":[2416,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-622614","post","type-post","status-publish","format-standard","hentry","category-basic-materials-commodities","tag-basic-materials-commodities","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"8d564aae-dc67-4aa9-a765-bbc56c255849","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","full_issue_title":"Centamin cuts output targets, shares drop 12%","related_issue":[622584],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/6\/.b2f9ccbe-f79c-41ad-8f56-88494ea3b4a4.mp3"},"yoast_head":"\nCentamin cuts output targets, shares drop 12% - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/08\/centamin-cuts-output-targets-shares-drop-12\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Centamin cuts output targets, shares drop 12%\" \/>\n<meta property=\"og:description\" content=\"Gold miner Centamin has cut its 2018 output target from its Sukari mine in Egypt to 480k ounces from a previous forecast of 505k-515k ounces due to operational improvements at its taking \u201clonger than planned to materialise,\u201d according to a company release. Centamin had previously cut its output target in May from an initial forecast […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/08\/centamin-cuts-output-targets-shares-drop-12\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-10-08T04:03:43+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/08\/centamin-cuts-output-targets-shares-drop-12\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/08\/centamin-cuts-output-targets-shares-drop-12\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Centamin cuts output targets, shares drop 12%\",\"datePublished\":\"2018-10-08T04:03:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/08\/centamin-cuts-output-targets-shares-drop-12\/\"},\"wordCount\":87,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Basic Materials + Commodities\",\"EnterpriseAM\"],\"articleSection\":[\"Basic Materials + Commodities\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/08\/centamin-cuts-output-targets-shares-drop-12\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/08\/centamin-cuts-output-targets-shares-drop-12\/\",\"name\":\"Centamin cuts output targets, shares drop 12% - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2018-10-08T04:03:43+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/08\/centamin-cuts-output-targets-shares-drop-12\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/08\/centamin-cuts-output-targets-shares-drop-12\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/08\/centamin-cuts-output-targets-shares-drop-12\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Centamin cuts output targets, shares drop 12%\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Centamin cuts output targets, shares drop 12% - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/08\/centamin-cuts-output-targets-shares-drop-12\/","og_locale":"en_US","og_type":"article","og_title":"Centamin cuts output targets, shares drop 12%","og_description":"Gold miner Centamin has cut its 2018 output target from its Sukari mine in Egypt to 480k ounces from a previous forecast of 505k-515k ounces due to operational improvements at its taking \u201clonger than planned to materialise,\u201d according to a company release. 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Preliminary figures indicate that gold poured in 4Q2018 reached 135-140k ounces. Centamin had cut\u2026","rel":"","context":"In "Basic Materials + Commodities"","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":597265,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/21\/centamin-raises-sukari-gold-mine-output-to-234k-ounces-in-1h2019\/","url_meta":{"origin":622614,"position":1},"title":"Centamin raises Sukari gold mine output to 234k ounces in 1H2019","author":"enterpriseam admin","date":"21 July 2019","format":false,"excerpt":"Centamin\u2019s Sukari gold mine produced 117,913 ounces of gold in 2Q2019, bringing production in 1H2019 up to 234,096 ounces, the company said in its quarterly report (pdf) on Thursday. Centamin projects that it will hit its 2019 production target of 490,000 \u2013 520,000 ounces at a cash cost of USD\u2026","rel":"","context":"In "Basic Materials + Commodities"","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":629276,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/27\/centamin-cuts-output-targets-on-lower-grade-gold-shares-drop-18\/","url_meta":{"origin":622614,"position":2},"title":"Centamin cuts output targets on lower grade gold, shares drop 18%","author":"enterpriseam admin","date":"27 May 2018","format":false,"excerpt":"Gold miner Centamin has cut its 2018 output to 505k-515k ounces from a previous forecast of 580k ounces due to lower grade gold at its Sukari mine in Egypt, according to a company release. The London-listed miner also raised its cost expectations for producing an ounce of gold to USD\u2026","rel":"","context":"In "Basic Materials + Commodities"","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":599805,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/10\/centamin-produced-472-4k-oz-of-gold-from-sukari-in-2018\/","url_meta":{"origin":622614,"position":3},"title":"Centamin produced 472.4k oz of gold from Sukari in 2018","author":"enterpriseam admin","date":"10 January 2019","format":false,"excerpt":"Centamin announced that its 2018 full-year production from the Sukari gold mine was 472.4k ounces, marking a 13% y-o-y decrease, according to a company statement. The company had initially held a target of 580k ounces in 2018 but adjusted the figure following operational challenges it faced during 1H2018, such as\u2026","rel":"","context":"In "Basic Materials + Commodities"","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":638634,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/10\/centamin-achieves-record-total-gold-production-from-sukari-in-3q2017\/","url_meta":{"origin":622614,"position":4},"title":"Centamin achieves record total gold production from Sukari in 3Q2017","author":"enterpriseam admin","date":"10 October 2017","format":false,"excerpt":"Centamin has announced yesterday record gold production levelsfrom the Sukari gold mine in 3Q2017. The company\u2019s output from Sukari went up by 26% q-o-q and 5% y-o-y to 156,533 ounces for the quarter. Centamin has maintained its production guidance of 540k ounces for 2017 and noted that the open pit\u2026","rel":"","context":"In "Basic Materials + Commodities"","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":626745,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/10\/centamins-production-from-sukari-gold-mine-drops-7-y-o-y-in-1h2018\/","url_meta":{"origin":622614,"position":5},"title":"Centamin\u2019s production from Sukari gold mine drops 7% y-o-y in 1H2018","author":"enterpriseam admin","date":"10 July 2018","format":false,"excerpt":"Preliminary gold production from the Sukari gold mine dropped 7% y-o-y in 1H2018 to 217.1k ounces, Centamin announced yesterday (pdf). Production from the mine during 2Q2018 also dropped 25% y-o-y to 92.8k ounces, \u201creflecting the lower open pit grades as mining progresses through the transitional zone and below forecast underground\u2026","rel":"","context":"In "Basic Materials + Commodities"","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/622614","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=622614"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/622614\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/622584"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=622614"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=622614"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=622614"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=622614"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=622614"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}