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Centamin sails smoothly through March quarter

Egypt-focused gold miner Centamin has so far steered clear of any COVID-19-related mine disruption, posting strong production figures for the March quarter. However, ongoing border closures may prove an issue given supplies at Sukari – the company’s flagship mine – are set to run out at the end of June.

Centamin sails smoothly through March quarter Centamin sails smoothly through March quarter Centamin sails smoothly through March quarter Centamin sails smoothly through March quarter Centamin sails smoothly through March quarter

Centamin's flagship asset: the Sukari gold mine in Egypt's Eastern Desert

Higher grades from the openpit helped offset a weaker than expected underground performance, allowing Centamin to exceed analyst expectations in terms of output, with Q1 production 6% above consensus