Centamin resumes production at Sukari, output guidance unchanged

published 12 March 2012

Egypt-focused gold miner Centamin has resumed work at its flagship Sukari Gold Mine following last week's labour unrest which brought operations to a standstill.

The stoppage was a result of a breakdown in ongoing discussions over salary increases and other benefits with some miners, the group said.

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"With the co-operation of the Egyptian Mineral Resources Authority, Ministry of Petroleum and Industry Committee of Parliament, all outstanding issues have been effectively resolved and work has recommenced," Centamin announced this morning.

The group warned that first quarter production and cash costs will be affected by this unrest but assured that full-year production and cash cost guidance remains unchanged.

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