Centamin Egypt - Re: CEY Stream Log - "Commissioning activities delivered the first...

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07:23 09/07/2014

"Commissioning activities delivered the first material contribution from the Stage 4 plant expansion during the quarter, and the processing operation goes into the second half of the year at target productivity levels and on track to hit the expanded 10Mtpa nameplate capacity. Whilst underground development ore grades were below forecast, mining rates remain strong and the operation is on a solid footing having opened up key high-grade areas for stoping. Therefore, with both plant throughput and average grade set to materially increase during the remainder of the year, we maintain our full year production guidance of 420,000oz and continue to look forward to delivering Sukari's long-term target of 450,000-500,000 ounces per annum from 2015 onwards."

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