Centamin produces gold from the Sukari mine about 430 miles from CairoProfits at Centamin slumped by 39 per cent in the first half as higher gold prices failed to offset a sharp drop in production. The Egyptian miner sold 203,802 ounces of gold, down by 25 per cent on a year earlier, at an average price of $1,799 an ounce, up 9 per cent. That resulted in a 18 per cent drop in revenue to $367 million, while pre-tax profit fell to $117 million, from $193 million a year earlier. SponsoredCentamin produces gold from the Sukari mine about 430 miles from Cairo, where it has an open pit and underground mining operations. In recent years the company has struggled with production issues at Sukari, including instability in the pit wall, and last year a new

Source: The Times August 05, 2021 23:03 UTC