What We Do
A Growing Mid-Tier Gold Producer
Centamin plc is positioned for growth. Our company:
Is rapidly ramping up production to 450-500,000 ounces of gold per annum from 2015
Has large reserves and resources with further potential for exploration
Has no debt or hedging and a strong financial position
Egypt's first modern gold mine
Our flagship project, the Sukari Gold Mine, is located in the Eastern Desert of Egypt, 700km from Cairo and 25km inland from the Red Sea. Production commenced in June 2009, making Sukari the first modern mine in Egypt, a country which in ancient times was a prolific producer of the yellow metal. Our operating experience in Egypt gives us significant first-mover advantage in acquiring and developing other gold projects in the prospective Arabian-Nubian shield and beyond.
Rapidly growing production
We are implementing a rapid expansion programme to increase production from 150,000 oz in our maiden year of production (2010) to approximately 450-500,000 oz/annum from 2015 onwards. We aim to achieve this goal by optimising production from the open pit and underground mine at Sukari.
Exploration upside potential
Centamin has a significant resource and reserve base (see link for details).
Our exploration strategy focuses on the following areas:
Growth of Sukari – Centamin has a large resource and reserve base and through the continued exploration of Sukari Hill and the 160 km2 Sukari tenement area there is significant upside potential.
Growth Beyond Sukari – Our regional exploration is focused in Ethiopia where in addition to our own licences we have a joint venture arrangement with Alecto Minerals plc. In 2014 Centamin acquired ASX listed Ampella Mining Limited which extends the regional exploration to Burkina Faso and Cote d'Ivoire.
Strong foundations for growth
Centamin's unhedged and debt free position, coupled with a highly cash generative project, positions us to grow and deliver superior results to our shareholders as well as our stakeholders.
Centamin is listed on the Main Market of the London Stock Exchange under the symbol CEY and on the Toronto Stock Exchange under the symbol CEE. We have offices in Alexandria (Egypt) and Perth (Australia). Our head office and Centamin plc's registered office is in Jersey (Channel Islands).