Arab Finance: Centamin Mining Company’s business results showed a jump in revenues to $368.6 million, an increase of 84% on an annual basis. The company attributed this increase to the growth of gold production from the sugar product by 30% during the third quarter of this year, reaching 131.7 thousand ounces, according to what it stated. Economy of the East.
The company's gold sales amounted to about 149.7 thousand ounces in the third quarter, representing a 44% increase over the same period in 2023, with an average price of the precious metal reaching $2,459 per ounce.
It is worth noting that the company had previously disclosed its plans to invest up to $100 million in gold exploration and production operations in Egypt during the next year, whether in the Sukari mine or other exploration sites. Since its establishment in 2010, the Sukari mine has produced about 5 million ounces of gold, and it is expected that the mine will continue production for another decade, with an amount that may reach an additional 5 million ounces.
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