Q4 and Full Year 2018 Preliminary Production Results
Centamin announces preliminary production results for the fourth quarter ("Q4") and twelve months ended 31 December 2018 from its Sukari Gold Mine ("Sukari") in Egypt.
Overview
· Gold production for Q4 was 137,600 ounces, a 17% improvement on the previous quarter ("QoQ"), predominantly driven by higher QoQ grades from both the open pit and underground. Month-on-month production profile was consistent at approximately 45,000 ounces per month;
· Full year gold production for 2018 was 472,418 ounces, a 13% reduction on the previous year;
· Continued focus on operating controls and resource modelling, as well as further key personnel changes throughout Q4 and will continue in 2019; and
· The Group achieved a zero-harm record in Q4 with a Loss Time Injury Frequency Rate ("LTIFR") of 0.00, resulting in an LTIFR of 0.06 per 200,000 man hours worked in 2018.
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