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Egypt-focused gold miner Centamin reported lower 2021 profits, as the company goes through a planned decline in output as part of an operational reset, together with the effects of cost inflation.
Centamin, which owns the massive Sukari gole mine in Egypt, reported a pretax profit of $153.6 million in 2021, down 51% from 2020.
The lower profits were down to falling gold output, down by 8.
Centamin works toward half a million oz in 2024
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