Centamin lifts profit

Egypt-focused mining company Centamin said full year production increased by nearly a third and, while the year has produced operating challenges and higher costs, it is confident of increased production at its flagship Sukari Gold Mine.

Egypt-focused mining company Centamin said full year production increased by nearly a third and, while the year has produced operating challenges and higher costs, it is confident of increased production at its flagship Sukari Gold Mine.

Centamin posted EBITDA of US$233.3m for the period ended December 31st 2012, up 10% on the prior year. Full year production was 262,828 ounces, a 30% increase on 2011 and above guidance of 250,000 ounces.

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