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Centamin changes guard amid production troubles

Egypt-focused gold miner Centamin (LSE:CEY) has confirmed Josef El-Raghy has moved from executive chairman to chairman, 16 years after becoming managing director.

Centamin changes guard amid production troubles Centamin changes guard amid production troubles Centamin changes guard amid production troubles Centamin changes guard amid production troubles Centamin changes guard amid production troubles

The Sukari underground and openpit operations had lower grades than hoped in December

The management change comes as Centamin struggles with the Sukari operation.

The miner confirmed last week it would miss the December quarter's guidance of 145,000 ounces of gold.