Centamin says it is on course

CENTAMIN Egypt said its gold production had returned to planned levels after the regular delivery of blasting products resumed in late July.

It produced 50,539 ounces of gold in the third quarter, up five per cent from the second quarter and a jump of 67 per cent from the year-earlier quarter.

Centamin said it remains on track to reach its revised gold production target this year of 200,000-210,000 ounces, all from its Sukari project in Egypt, at a cash cost of about $550 an ounce. Production for the first nine months was just over 143,500 ounces.