StockMarketWire.com - Gold miner Centamin left its gold production guidance unchanged and reported a 2% annual rise in output.

2020 production guidance was unchanged at a range of 510,000 to 540,000 ounces, the company said.

The unchanged guidance followed a 2% increase in gold output to 480,529 ounces in 2019 on-year, underpinned by a sharp jump in production at its Sukari gold mine in the fourth quarter.

Fourth-quarter production at the Sukari gold mine was 148,387 ounces, a 51% improvement on the previous quarter, driven by 'improved feed grade, metallurgical recoveries and year-end plant drawdown of gold-in-circuit,' the company said.

Centamin planned to release a detailed quarterly report for the fourth quarter on 30 January.




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