Centamin unveils gold production forecast for this year

Centamin is advancing investments this year. Photo by Centamin

Outlook for 2024 released International miner Centamin has announced that, this year, the company has a gold production guidance range of 470,000 to 500,000 oz per annum with a minor weighting towards the second half of 2024.


The business aims to inject some US$103 million of non-sustaining capital expenditure into its operations this year, of which some US$58 million is to be "allocated to growth projects that are funded from Centamin treasury under the [Egyptian mine] Sukari Concession Agreement and cost recovered over three years,” Centamin said in a statement.


"Looking ahead to 2024, the grid connection project will continue our recent success in taking costs out of the business whilst delivering into our near-term decarbonisation targets of reducing our scope 1 and 2 emissions by 30% by 2030,” said Martin Horgan, the miner’s chief executive.