The firm produced more than 84,700 ounces of gold at its Sukari mine in the three months to the end of September, down from 93,600 in the previous quarter but a 39 per cent improvement on the same period a year ago.
“The third quarter saw another strong performance on several fronts most notably a further increase in both tonnes mined from underground and total process plant throughput,” said chief executive Josef El-Raghy in a statement.
“Whilst we expect some impact in Q4 on plant throughput from the commencement of Stage 4 commissioning activities, we are now well placed to exceed our initial full year 2013 guidance of 320,000 ounces, provided on 14 March 2013.”
Analysts at Canaccord Genuity, which has a ‘hold’ rating on the stock, said Centamin had delivered “another solid quarter”, but added: “The key risk remains political instability in Egypt and potential associated unsettling events such as strikes and/or supply chain interruptions.”
Shares in the FTSE 250-listed company closed up 1.24 per cent.