Centamin grows Sukari gold reserves for third straight year

Mining News Pro - Egypt-focused Centamin has managed to grow its mineral resource and reserve base at its Sukari gold mine for the third year in a row.

Centamin unveils new mine plan for Sukari targeting over 500,000 oz. gold per year

Mining News Pro - Egypt-focused Centamin has published a new, more ambitious plan for the Sukari gold mine.

Centamin to up Sukari mining rate by 31% with underground expansion

Based on a report by Australian consultants Entech, Sukari’s capacity has the potential to reach 1.5 million tonnes per annum (Mtpa) of total ore mined. This represents a 31% increase from the current life of mine average of 1.1Mtpa.

Centamin shares jump on potential Sukari gold mine extensions

Mining News Pro - Centamin said on Thursday that exploration around its flagship Sukari gold mine in Egypt has allowed it to identify the potential for a satellite open pit within the concession as well as extensions of the underground orebody.

Centamin takes charge of Sukari underground gold mine

Mining News Pro - Egypt-focused gold miner Centamin is shifting underground operations at its flagship Sukari mine from a contractor to an owner-operated model, effective immediately.

Centamin 2020 profit soars on strong gold prices

Mining News Pro - West Africa-focused gold miner Centamin posted on Monday record revenue in 2020 as the coronavirus pandemic pushed precious gold prices to record highs.

Centamin unveils three-year plan for Sukari gold mine

Mining News Pro - West Africa-focused gold miner Centamin outlined on Wednesday a three-year plan designed to cut costs and boost efficiencies at its Sukari mine, which has been affected over the past two years by operational issues and under-investment.

Capital secures `transformational` contract mining contract at Centamin`s Sukari

Mining News Pro - A subsidiary of minerals drilling solutions provider Capital Limited has entered into a conditional 120-million-tonne openpit waste mining services contract and an expanded drilling contract at LSE-listed Centamin’s Sukari gold mine in Egypt, as part of Centamin’s operational reset.

Centamin shares dive on production cut

Mining News Pro - Centamin shares fell over 20% Wednesday morning after the company announced its production would be lower than forecasted next year.

Centamin halts mining at Sukari high-grade area

Mining News Pro - Gold miner Centamin has deferred mining operations in the Sukari openpit Stage 4 west wall after detecting movement in the localised area of waste material.

Centamin earnings soar on higher gold prices

Mining News Pro - Egypt-focused gold miner Centamin posted on Tuesday a jaw-dropping 280% rise in net profit for the first half of 2020 compared to the same period last year, on the back of higher output from its flagship Sukari mine, falling costs and soaring metal prices.

Centamin reviews expansion options as results exceed forecast

Mining News Pro - Egypt-focused gold miner Centamin said on Monday it is looking at expansion opportunities as soaring bullion prices and the country’s decision to open up its riches to foreign capital unlocks opportunities.

Centamin reviewing expansion options as results exceed forecast

Mining News Pro - Egypt-focused gold miner Centamin said on Monday it was looking at expansion opportunities as soaring bullion prices and the country’s decision to open up its riches to foreign capitals unlock opportunities.

Centamin appoints Hennie Faul as non-executive director

Mining News Pro - Centamin is pleased to announce the appointment of Hendrik “Hennie” Faul to the Board as an independent non-executive director, effective 1 July 2020.

Centamin appoints new CEO

Mining News Pro - Centamin has appointed Martin Horgan CEO, effective April 6.

Centamin operations in Egypt unchanged

Mining News Pro - Egypt-focused gold miner Centamin said on Wednesday that operations at its Sukari gold mine remained unaffected by covid-19, adding it had stockpiled enough critical supplies to last until the end of June.

Endeavour Mining drops bid for Centamin

Mining News Pro - Canada’s Endeavour Mining has walked away from a potential 1.47 billion pound ($1.9 billion) acquisition of Centamin, citing lack of information on the company’s assets.

Centamin gold output up 51% as deadline for Endeavour takeover looms

Mining News Pro - Egypt-focused gold miner Centamin saw production increase 51% in the last three months of 2019, putting pressure on rival Endeavour Mining to improve its bid for the company, which is expected by Jan. 14.

Endeavour Mining gets extension from Centamin to improve offer

Mining News Pro - Centamin Plc on Monday won approval to give its Canadian suitor Endeavour Mining more time to make a firm takeover offer, as shareholder pressure mounted on the London-listed gold miner to engage in talks.

Takeover talks between gold miners Endeavour and Centamin hit a snag

Mining News Pro - Egypt-focused gold miner Centamin has accused Canada’s Endeavour Mining of making it difficult for the company to assess the value of a potential business combination unless it agrees to extending a firm offer deadline.

Endeavour, Centamin to explore potential merger

Mining News Pro - Canada’s Endeavour Mining and Egypt-focused miner Centamin have agreed to assess the merits of a merger that would create a strong mid-tier gold company with a market value of almost $4 billion and annual output of more than 1.2 million ounces.

Centamin rebuffs $1.9 billion takeover bid from Endeavour Mining

Mining News Pro - Egypt-focused gold miner Centamin has rejected the $1.9 billion (£1.5 billion) all-stock takeover bid from Canada’s Endeavour Mining (TSX:EDV) released earlier on Tuesday, saying it did not offer enough value to the company’s shareholders.

Centamin’s CEO to leave after challenging year for the company

Mining News Pro - Shares in Egypt-focused gold miner Centamin (LON:CEY) fell on Thursday more than 15% to 105.65 in London after it announced that its chief executive, Andrew Pardey, would leave the company following a year of operational challenges.

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