[ad_1]
The Sukari mine in Centamin, Egypt, produced 92,803 ounces of gold in the second quarter of this year, a 25% decrease year-over-year, due to lower grades, the same as the previous year. mining through the transition zone. Gold production for the six months ended June 30 was 217,099 ounces, down 7% year-over-year.
Despite the decline in production, Centamin maintains its revised production forecast for 505,000 oz and 515,000 oz
materially stronger production is expected for the second half of this year, which, according to the miner, will be motivated by continuous improvements in content from the openpit as exploitation progresses in sulphide ore. According to the Revised Mine Plan in the second quarter, operating parameters for open pit mining included a total material movement of about 18.4 million tonnes, an increase of 5% over in the previous year. 19659002] O Mine pit ore mined was 5.5 million tonnes, an 81% increase from one year to the next, at an average grade of 0.51 g / t, a decrease of 33% from one year to the next. These results, noted the company, reflect the mining of the lower quality transition zone of Stage 4A
The average milled grade of Openpit was 0.59 g / t , a decrease of 27% from the previous year Leaching produced about 2,028 ounces in the second quarter, an increase of 74% from one year to the next.
During this time, the grade of the subsoil was lower than the mine plan.
Construction site grades were affected by higher-than-expected dilution of lower grade porphyry materials at open sites, while development grades were lower as development focused on access to future mining areas. The tonnage continued to improve and the company noted that there was no further disruption to the availability and use of the long hole drill. (LHDR)
The total underground ore delivered was 289,000 t, an increase of 2% -year, at an average grade of 4.62 g / t about 1 g / t below the revised estimate and a decrease of 47%. % yoy.
Mined ore was 180,000 t at 4.61 g / t, while ore mined from development was 109,000 t at 4.64 g / According to Centamin, ore distribution in the development sector was experienced an optimal splitting of 60:40, while the availability and use of underground equipment have increased.
As a mitigation measure, an HDR reserve must arrive at the site.
Meanwhile, the exploration and development of Cleopatra at Centamin increased during the second quarter, as a result of the mobilization of the second crew and equipment at the end of the year. April
while 540 m were developed, yielding 47 692 tonnes mined at an average development grade of 1.77 g / t.
The exploration badysis results received in the second quarter will be included with detailed intermediate results to be released on August 2
Meanwhile, the plant by Total ore content treated in the factory was 3.17 million tons, an increase of 4% from one year to the next, while metallurgical plants The quarter was established at 87 , 3%, an increase of 1% from one year to the next
"We had several challenges this year, which resulted in the revision of our forecasts for the entire year in May I am pleased to announce progress throughout the month of June in the openpit, where mining has begun to access improved grades as we currently operate lowland areas. of the transition zone and the sulphide ore that will be extracted in the third quarter Andrew Pardey [19459005commentedonMonday
He added that the focus now remains on bringing substandard operations back into line with forecasts and returning Sukari's production profile to a stable state.
The company's stock price on the LSE fell nearly 8% Monday morning.
Source link
