Centamin maintained full year production as it reported higher quarter-on-quarter gold production driven by improved mining grades.
The company on Thursday said gold production rose 53% to 104,047 ounces in the three months to March 31. Year on year the figure output was down 17%.
Revenue rose 53% to $190m on gold sales of 106,573 oz, up 34% from Q4, but down 24% year on year.
Centamin maintained annual gold production guidance in range of 400,000 – 430,000 oz split equally between the first and second halves of the year. Capex guidance was maintained at $225m with spend weighted towards the second half.
