{"id":629276,"date":"2018-05-27T03:53:38","date_gmt":"2018-05-27T03:53:38","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/27\/centamin-cuts-output-targets-on-lower-grade-gold-shares-drop-18\/"},"modified":"2018-05-27T03:53:38","modified_gmt":"2018-05-27T03:53:38","slug":"centamin-cuts-output-targets-on-lower-grade-gold-shares-drop-18","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/27\/centamin-cuts-output-targets-on-lower-grade-gold-shares-drop-18\/","title":{"rendered":"Centamin cuts output targets on lower grade gold, shares drop 18%"},"content":{"rendered":"

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<\/a>. The London-listed miner also raised its cost expectations for producing an ounce of gold to USD 875-890 an ounce from a previous target of USD 770. The company\u2019s decision, which came as a result of persisting \u201clow grades\u201d from the the open pit and underground, was followed by a drop of as much as 18% in shares on Friday, the Financial Times reports<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 875-890 an ounce from a […]<\/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-629276","post","type-post","status-publish","format-standard","hentry","category-basic-materials-commodities","tag-basic-materials-commodities","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"2ed8d3d8-5afd-4f05-a4e0-1d36048b1787","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","full_issue_title":"Centamin cuts output targets on lower grade gold, shares drop 18%","related_issue":[629243],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.5f0068d4-58ad-4dfd-86e5-5d0e724e570f.mp3"},"yoast_head":"\nCentamin cuts output targets on lower grade gold, shares drop 18% - 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\/05\/27\/centamin-cuts-output-targets-on-lower-grade-gold-shares-drop-18\/\" \/>\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 on lower grade gold, shares drop 18%\" \/>\n<meta property=\"og:description\" content=\"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 875-890 an ounce from a […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/27\/centamin-cuts-output-targets-on-lower-grade-gold-shares-drop-18\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-05-27T03:53:38+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\/05\/27\/centamin-cuts-output-targets-on-lower-grade-gold-shares-drop-18\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/27\/centamin-cuts-output-targets-on-lower-grade-gold-shares-drop-18\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Centamin cuts output targets on lower grade gold, shares drop 18%\",\"datePublished\":\"2018-05-27T03:53:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/27\/centamin-cuts-output-targets-on-lower-grade-gold-shares-drop-18\/\"},\"wordCount\":106,\"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\/05\/27\/centamin-cuts-output-targets-on-lower-grade-gold-shares-drop-18\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/27\/centamin-cuts-output-targets-on-lower-grade-gold-shares-drop-18\/\",\"name\":\"Centamin cuts output targets on lower grade gold, shares drop 18% - 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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":629276,"position":2},"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":575140,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/04\/centamin-gold-production-to-fall-42-on-sukkari-mine-delays\/","url_meta":{"origin":629276,"position":3},"title":"Centamin gold production to fall 42% on Sukkari mine delays","author":"enterpriseam admin","date":"4 October 2020","format":false,"excerpt":"Australian gold miner Centamin expects production to drop 42% in the final quarter, after extraction plans slated for this year at Egypt\u2019s Sukkari mine were postponed for safety reasons, according to an operational update released on Friday. The company expects to produce only 70k ounces of gold in 4Q2020 compared\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":601341,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/26\/centamin-shares-tumble-on-lower-than-expected-gold-production-forecasts\/","url_meta":{"origin":629276,"position":4},"title":"Centamin shares tumble on lower than expected gold production forecasts","author":"enterpriseam admin","date":"26 February 2019","format":false,"excerpt":"Shares of London-listed gold miner Centamin \u201cfell down a mine shaft,\u201d City AM reports. The stock slid c. 28% after the company\u2019s lower than expected forecasts for gold production from its Sukari mine in Egypt, the Financial Times reported. Centamin expects to produce between 490k and 520k ounces of gold\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"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":629276,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/629276","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=629276"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/629276\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/629243"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=629276"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=629276"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=629276"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=629276"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=629276"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}