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Centamin's earnings soar on buoyant gold

A strong operational performance combined with falling unit costs and a rising gold price saw UK-listed Centamin post a 280% rise in net profit in the first half of the year.

Centamin's earnings soar on buoyant gold Centamin's earnings soar on buoyant gold Centamin's earnings soar on buoyant gold Centamin's earnings soar on buoyant gold Centamin's earnings soar on buoyant gold

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

Centamin delivered net income of US$74.8 million, up from US$19.7 million in H1 2019, as production rose by 9% to 256,084oz and the average price of gold sold swelled by 27% to US$1,657/oz.

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