MARTIN HORGAN, CEO, commented: " The third quarter results reflect continued strong delivery across the Group and we remain firmly on track to meet full year guidance. Several key milestones were achieved in the quarter, including a new record safety performance and commissioning of the Sukari solar plant which marked a material step in reducing our GHG emissions and cost base. In the quarter, Sukari produced its five millionth ounce of gold, and with visibility on at least the next five million ounces of production, it is a strong reminder of the exceptional quality of this asset."
HIGHLIGHTS
Milestones and records achieved
á New Group safety record: the Company recorded no Lost Time Injuries (ÒLTIÓ) in the third quarter (ÒQ3Ó) and Sukari has achieved a site record of greater than five million hours LTI free
á Gold production of 127,512 ounces (ÒozÓ), driven by planned higher grades from the open pit and underground, and bringing gold production for the nine months of the year (ÒYTDÓ) to 331,410 oz and on track for the middle of 2022 guidance
á Revenue of US$218.1 million (YTD: US$599.9m), generated from gold sales of 126,610 oz (YTD: 330.2koz) at an average realised gold price of US$1,720/oz sold
á Cash costs of US$811/oz produced (YTD: US$885/oz) and on track for lower end of 2022 guidance
á All-in sustaining costs (ÒAISCÓ) of US$1,289/oz sold (YTD: US$1,386/oz) and on track for upper end of 2022 guidance
á Sukari solar plant is delivering lower costs and reduced greenhouse gas (ÒGHGÓ) emissions: whilst in the final stages of commissioning, since September the solar plant has consistently delivered nameplate capacity, displacing up to 70,000 litres of diesel fuel per day (Link to announcement: Sukari Power Update )
á Capital projects progressing as scheduled: this includes the underground paste-fill plant, underground infrastructure and equipment upgrades, and plant optimisation, as part of the reinvestment programme in the long term optimisation of the mine
á Five millionth ounce milestone: in Q3, Sukari produced its five millionth ounce of gold, demonstrating the quality of the asset, which has 5.8 million ounces in Proven & Probable Reserves as at 30 June 2021 and identified growth upside potential
á Robust balance sheet: cash and liquid assets of US$153.6 million, as at 30 September 2022, and after US$29 million distributed in interim dividends.
https://www.investegate.co.uk/centamin- ... 00034625D/
Ian.