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Centamin said gold production fell 17% in the third quarter from the second, leading to a decline in sales, but at higher prices as the gold miner continued to make key changes at its Sukari mine to improve performance.
Gold production fell 17% to 98,045 on in the third quarter from the second and sales fell 3% to 108,826 ounces, with gold prices up 13% at $1,478 from the second quarter. Gross revenue was US$160.8m from 108,826 ounces.
The company said the bottom end of its full-year production guidance, 490,000 ounces, remained the target for the year.
Full-year cost guidance was unchanged and expected at the top end of guidance ranges, with cash costs in the range of $675 to $725 per ounce produced, and all-in sustaining costs (AISC) of $890 to $950 per ounce sold, the company added.