Investment Case. Centamin is a gold producer, operating the Sukari Gold Mine for the last ten years. We have a trusted track record of generating returns across our stakeholder groups, having distributed in excess of US$1.25 billion over six years.
The Sukari mine or Alsukari mine (Arabic: السكري Al-Sukkari, Egyptian pronunciation: El-Sokkari) is a gold mine located in the Nubian Desert/Eastern Desert near the Red Sea in Egypt, in the south-east of the country in the Red Sea Governorate, 30 km south of Marsa Alam.It is exploited jointly by the Egyptian Ministry of Mineral Resources and Centamin.
At Sukari, the Egyptian Mineral Resource Authority (“EMRA”), a division of the Egyptian government, is the Company’s partner, and is entitled to 50% of the operating profits from Sukari Gold Mine, as per the terms of the Concession Agreement. A representative from EMRA is present on site at all times.
Centamin Plc [CEE-TSX; CEY-LSE] is forecasting a fall in its annual gold production after delaying some open-pit mining operations at its key Sukari mine in Egypt for safety reasons.. Centamin said it detected a movement in a localized area of waste material in the Sukari open pit Stage 4 West wall using a radar system and decided to immediately defer the open-pit mining operations in this
Oct 02, 2020· CENTAMIN will produce up to 15% less gold than planned for its 2020 financial year after the company suspended mining activities amid safety concerns at a part of the open pit of its Sukari mine in Egypt. “Centamin announces that it has detected movement in a localised area of waste material in the Sukari open pit Stage 4 West wall and has decided to immediately defer open pit mining
Operational Overview. The first gold bar was poured at the Sukari Gold Mine on 26 June 2009. Location and History. The 160km 2 Sukari tenement area is located in the south-easterly region of the Eastern Desert of Egypt, approximately 700km from Cairo and 25km from the Red Sea.. Sukari Hill is situated within the tenement area and is approximately 2,300m long, 600m wide and 1,345m above sea
General Manager of Centamin Egypt and Managing Director of Sukari Gold Mining Company Youssef el-Raghy said earlier that production from Egypt’s Sukari Gold Mine has reached 108.8 tons of gold since the mine started production in 2010 and until June 2018. Raghy clarified that the production recorded 1.1 tons of gold in June 2018.
The Sukari underground mine is a trackless diesel mine, with all equipment rubber tyred and self- powered. The workings are accessed via a ramp system declining at a gradient of 1 in 7. Levels are typically developed at 15 metre vertical intervals, although this is dependent on orebody geometry and mining
Sukari Gold Mining Company, a joint venture between Centamin Egypt and the Egyptian Government, operates the mine. The mine will produce 200,000oz of gold in 2010. On 28 March 2010, production at Sukari surpassed 1t of gold. Reserves. Total reserves at the mine are estimated at 7.1 million ounces of gold.
May 19, 2020· CAIRO 19 May 2020: General Manager of Centamin Egypt Youssef al-Raghy told Egypt Today that the size of target production of Sokary Gold Mine in 2020 is 510,000 -540,000 ounces with investments worth $630-$680 per ounce and $870-$920 per sold ounce.
The Sukari gold project is located in the eastern desert of Egypt, approximately 23km south-west of Marsa Alam, a coastal town near the Red Sea. The mine occupies an area of 160km 2. The project, Egypt’s first large-scale gold mine, is currently in development. Mining began in 2007 and first gold was poured on 26 June 2009, following an expansion
Apr 04, 2019· The Sukari underground mine is a trackless diesel mine, with all equipment rubber tyred and self- powered. The workings are accessed via a ramp system declining at a gradient of 1 in 7. Levels are typically developed at 15 metre vertical intervals, although this is dependent on orebody geometry and mining method.
The Sukari deposit is accessed via the Ptah and Amun Declines with approximately 0.7Mt produced per annum. Sukari is the only underground operating gold mine in Egypt. It is staffed with a largely national workforce.
The Sukari gold mine (18.8 Mt @ 2.14 g/t Au) is located 15 km west of the Red Sea coast in the southern central Eastern Desert of Egypt. The vein-type deposit is Inquire Now
Sukari Gold Mining Company is a joint venture between Australia-based Centamin and the Egyptian Government that operates Egypt’s commercial gold mine in the Eastern Desert. Amwal Alghad
Oct 21, 2020· SUKARI GOLD MINE, EGYPT (Q3 2020 vs Q3 2019) PRODUCTION & SALES Gold production for the quarter was 128,240 oz, which is a 31% improvement compared to the corresponding quarter in 2019 ("YoY
Oct 02, 2020· October 2, 2020. Sukari gold mine, operated by Egypt's Centamin. CENTAMIN will produce up to 15% less gold than planned for its 2020 financial year after the company suspended mining activities amid safety concerns at a part of the open pit of its Sukari mine in Egypt.
Workers continue to protest at Sukari gold mine. The Sukari Gold Mine, Egypt's largest and oldest, has been witnessing numerous acts of labor unrest amidst allegations of corruption, smuggling and other controversies. Located in the southeast of the country some 30 km away from the Red Sea City of Marsa Alam, this massive gold-mining project has
Oct 21, 2020· Centamin lost more than a fifth of its value this morning after the Egyptian gold miner gave warning that repair work at its flagship project would take
We are a rapidly growing gold producer with our flagship project, the Sukari Gold Mine, located in the Eastern Desert of Egypt.
Centamin is a mineral exploration, development and mining company. It is dual-listed on the London and Toronto Stock Exchange. Its key asset, the Sukari Gold Mine,is located in the Eastern Desert approximately 700km from Cairo, Egypt, and 25km from the Red Sea.
Shares in the FTSE 250 miner nosedived 20% as it revealed gold production in 2021 is expected to be between 400,000 and 430,000 ounces as an unstable section of its Sukari mine open pit in Egypt
Sukari is the only large scale commercial gold mine in Egypt. Ore is sourced from a combination of open pit and underground sources. Ore is treated by a combination of conventional milling and dump leaching (for low-grade ore, typically less than 0.59g/t Au).
Oct 21, 2020· Centamin's flagship asset: the Sukari gold mine in Egypt's Eastern Desert Gold And Silver > Gold-and-silver-news; 21 October 2020 comments; share. Drill results multiply value options in
Sukari Gold Mining Company, a joint venture between Centamin Egypt and the Egyptian Government, operates the mine. The mine will produce 200,000oz of gold in 2010. On 28 March 2010, production at Sukari surpassed 1t of gold. Reserves. Total reserves at the mine are estimated at 7.1 million ounces of gold.
The Sukari underground mine is a trackless diesel mine, with all equipment rubber tyred and self- powered. The workings are accessed via a ramp system declining at a gradient of 1 in 7. Levels are typically developed at 15 metre vertical intervals, although this is dependent on orebody geometry and mining
Centamin produces gold from the Sukari mine, about 700km from Cairo, where it has both open-pit and underground mining operations. It reported pre-tax profits of $173 million last year. The
Nov 30, 2019· The Sukari mine, which began production in 2009, is considered to be the first large scale modern gold mine in Egypt and is located in the south-eastern region of the Eastern Desert. It is jointly owned by Centamin and the Egyptian Mineral Resources Authority on a 50% equal basis.
Sukari is the only large scale commercial gold mine in Egypt. Ore is sourced from a combination of open pit and underground sources. Ore is treated by a combination of conventional milling and dump leaching (for low-grade ore, typically less than 0.59g/t Au).
The Sukari Gold Mine, Egypt's largest and oldest, has been witnessing numerous acts of labor unrest amidst allegations of corruption, smuggling and other controversies. Inquire Now; Mining Intelligence Comprehensive mining data. Gathering and comparing data can be time consuming and overwhelming. Mining Intelligence makes it easier with in
Centamin plc. is a London and Toronto listed gold mining company. Centamin operates the Sukari Gold Mine in Egypt, which is a tier one asset. Despite a rich mining history that stretches back more than 6,000 years, Sukari is the only modern gold mine in Egypt. As well as the Sukari Gold Mine, Centamin also has a number of
Oct 21, 2020· Centamin's flagship asset: the Sukari gold mine in Egypt's Eastern Desert Gold And Silver > Gold-and-silver-news; 21 October 2020 comments; share. Drill results multiply value options in
The Sukari Gold Project will be the first large-scale modern gold mine to be developed in Egypt. Sukari is one of the largest gold mines to come into production in 2009. It is the only +10Moz deposit going into production and not held by a major. Gold production starts end June 2009, ramping up to +500,000oz production p.a. by 2012.
Centamin Egypt Pharaoh Gold Mines NL. 361 El-Horreya Road, Sedi Gaber. Alexandria. Egypt. Telephone: +20 3 5411259. Telefax: +20 3 5226350
Centamin’s production from the Sukari gold mine increased by 31% year-on-year (YoY) in Q3 2020 with 128,240 ounces (oz) of gold compared to 98,045 oz in Q3 2019.. This brings the company’s total production from January to September to 384,324 oz. Gold sales have also gone up by 9% YoY from 108,826 oz to $118,617 oz in Q3 2020.
After a 2019 feasibility study, Centamin plc, a gold mining company listed in London and Toronto, has decided to implement a 30MW AC solar power installation at its principal asset, the Sukari Gold Mine in Egypt, according to International Mining.The mine is currently powered by captive generators that burn up to 100 million liters of diesel.
Operations. The Company operates the Sukari Gold Mine in the Eastern Desert of Egypt, some 700 km from Cairo and 25 km from the Red Sea. First gold was poured at Sukari in June 2009 and commercial production began on 1 April 2010, making Sukari the first modern gold mine in Egypt, a country which in ancient times was a prolific producer of the precious metal.
Centamin's flagship asset: the Sukari gold mine in Egypt's Eastern Desert Gold And Silver > Gold-and-silver-news; 02 October 2020 comments; share. Drill results multiply value options in front of
Nov 30, 2019· The Sukari mine, which began production in 2009, is considered to be the first large scale modern gold mine in Egypt and is located in the south-eastern region of the Eastern Desert. It is jointly owned by Centamin and the Egyptian Mineral Resources Authority on a 50% equal basis.
Sukari is the only large scale commercial gold mine in Egypt. Ore is sourced from a combination of open pit and underground sources. Ore is treated by a combination of conventional milling and dump leaching (for low-grade ore, typically less than 0.59g/t Au).
The Company operates the Sukari Gold Mine in the Eastern Desert of Egypt, some 700 km from Cairo and 25 km from the Red Sea. First gold was poured at Sukari in June 2009 and commercial production began on 1 April 2010, making Sukari the first modern gold mine in Egypt, a country which in ancient times was a prolific producer of the precious metal.
Sukari Gold Mine Power Station Marsa Alam, Egypt Located in the Eastern Desert 50 km from the Red Sea, the site poses the usual challenges faced by projects in a hot, arid, climate. With a total installed capacity of over 40 MW this heavy-fuel oil fired power station utilizes six MAK piston gensets and seven smaller Cummins units.
Jan 14, 2020· ENDEAVOUR Mining has terminated merger discussions with Centamin which operates the Sukari gold mine in Egypt so dropping the “possible all-share offer” it announced on December 3 to take over the company which was flatly rejected by the Centamin Board.. Endeavour CEO Sébastien de Montessus said in a statement released to the London Stock Exchange today that: “The
Jan 01, 2019· The Sukari gold mine is located within late Neoproterozoic granitoids (Arslan, 1989; Harraz, 1991) which is invaded by auriferous quartz veins. These veins were explored and mined for gold since ancient Egyptian time. The granitoid rocks intrude island-arc and ophiolitic assemblages (i.e., Wadi Ghadir mélange; El Sharkawy and El Bayoumi, 1979).
Oct 04, 2020· Sukari Mine; Operational updates; Related News. Three Renowned Firms Submit Bids in Egypt’s Gold Tender Tuesday, 22nd September 2020. Canadian firm Barrick Gold, Egypt-focused Centamin, and Naguib Sawiris' La Mancha Resources are competing in Egypt's international bid round for gold mining, which the Ministry of Petroleum and Mineral
The Sukari Gold Project will be the first large-scale modern gold mine to be developed in Egypt. Sukari is one of the largest gold mines to come into production in 2009. It is the only +10Moz deposit going into production and not held by a major. Gold production starts end June 2009, ramping up to +500,000oz production p.a. by 2012.
Jan 23, 2017· “Egypt needs a modern and competitive mining law and then there will be many mines like Sukari, which was created after over $1bn of investment and now employs directly and indirectly
Centamin Egypt Pharaoh Gold Mines NL. 361 El-Horreya Road, Sedi Gaber. Alexandria. Egypt. Telephone: +20 3 5411259. Telefax: +20 3 5226350
Centamin’s production from the Sukari gold mine increased by 31% year-on-year (YoY) in Q3 2020 with 128,240 ounces (oz) of gold compared to 98,045 oz in Q3 2019.. This brings the company’s total production from January to September to 384,324 oz. Gold sales have also gone up by 9% YoY from 108,826 oz to $118,617 oz in Q3 2020.
Feb 04, 2013· Centamin has been under pressure following problems with its key gold mine in Egypt, but traders are hoping good news is on the way.. The company faced a
Jul 25, 2016· If you’re searching for gold in Egypt’s Eastern Desert, you should bring water, a spare tire, an exploration geologist, and a good map. By 10:30 a.m. we’d already made use of all four.
Nov 30, 2019· The Sukari mine, which began production in 2009, is considered to be the first large scale modern gold mine in Egypt and is located in the south-eastern region of the Eastern Desert.