PRECIOUS METALS

Centamin makes progress on reset, but costs loom

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 makes progress on reset, but costs loom

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 8.2% year...

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A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

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