Centamin was built on the exploration success of our Egyptian founders with the Sukari discovery in the 1990s. The subsequent development of the Sukari Gold Mine is a story of tenacity in the modernisation of an ancient gold mining jurisdiction, which remains one of the few underexplored gold belts – the Arabian Nubian Shield.

Today, Sukari is Egypt’s first large-scale modern mine; served by smooth tarmac roads, off-grid power, solar and a 25km water pipeline fed by the Red Sea. The landscape and climate can be unforgiving in Egypt’s mineral-rich Eastern Desert. Sukari is a hive of activity, a hub of employment and opportunity for upper and lower Egypt, with a workforce of 3,795 people, of which 95% are Egyptian. Egypt is an excellent operating jurisdiction, boasting a stable political environment, good security and a great infrastructure network from port to road access.

In 2022, Sukari will produce its five millionth ounce of gold since it began production 13 years ago. This is a milestone and journey that we are exceptionally proud of, but our focus is on the future - developing a thriving Egyptian gold industry for the benefit of the people and the country.

Sukari has at least 11 years of production ahead and 11.11 million ounces in gold resources and, more broadly, across Egypt, Centamin have 3,000km2 of new exploration licenses.

The opportunities we aspire to create for people through responsible mining are endless. Thank you to all that have contributed to making this possible.


440,974 PRODUCTION (oz)
1.26 FEED GRADE (g/t)


Sukari is a low cost, bulk tonnage open pit and a high-grade underground operation, with significant exploration upside at depth and regionally, within the 160km2 tenement.

Our operating strategy at Sukari remains to focus on responsibly producing profitable ounces – value over volume – through stringent cost controls, disciplined capital allocation and improving operating efficiencies.

Further optimisation studies are currently underway, identifying productivity and cost-saving opportunities across the operation.

2023 Sukari NI43-101 Technical Report

2015 Sukari NI43-101 Technical Report

OPERATING SUMMARY 2022 2021 2020 2019 2018 2017 2016 2015
Open Pit                  
Waste kt 124,724  97,831 64,118 64,018 54,746 54,780 51,289 49,020
Ore mined kt 11,696 12,391 15,656 14,372 23,131 16,090 10,949 8,746
Ore mined kt 829 739 625 1,087 1,243 1,145 1,019 1,158
Ore processed kt 12,114 11,916 11,913 12,859 12,568 12,032 11,559 10,575
Feed grade g/t Au 1.26 1.18 1.35 1.28 1.26 1.57 1.65 1.40
Gold recovery % 88.2 88.6 87.8 88.1 88.7 88.1 89.4 88.8
Gold production oz 440,974 415,370 452,320 480,528 472,418 544,658 551,036 439,072
Cash costs US$'000 produced 402,546 359,868 325,188 333,037 289,394 301,706 282,681 313,058
AISC US$'000 sold 613,868 502,366 485,478 439,317 420,116 426,466 379,361 387,250
Unit Cash Costs US$/oz produced 913 866 719 699 624 554 513 713
Unit AISC US$/oz sold 1,399 1,234 1,036 943 884 790 694 885


Exploration at Sukari is currently focussed on defining targets close to existing infrastructure which can be quickly and cost effectively brought into the mine planning process, while also continuing to test the depth and strike extents (which remain open) that underpin the longer term potential of the underground mine and the mine expansion plan.

Amun and Ptah

Amun and Ptah are the main current production areas of the underground mine. Mineral Reserves that may be developed in these areas are proximal to existing infrastructure and therefore can be brought into the mining schedule quickly and cost effectively.


The Horus zone sits at depth beneath the Amun zone and represents the long-term future of the underground operations. Mining development is currently pushing into the upper levels of Horus enabling the establishment of drill platforms from which the Horus Deeps zone is being developed.

Bonanza Zones

The Company identified the presence of high grade ‘Bonanza Zones’ in the Bast Zone in 2021, these zones sit within close proximity to existing mining infrastructure. Drilling in this area, demonstrates a consistent geological host within 100m of existing infrastructure which could improve underground operational flexibility through the development of a new high-grade mining area in the near-term.


Exploration work has identified multiple shallow open pit gold satellite targets within the mining concession which have the potential to supplement Sukari mill feed, in the short to medium term, improving operational flexibility. All these prospects are located within 10km of the Sukari mill.


Exploration within the Sukari Mining Concession (“SMC”)

Outside of 2.7km strike Sukari orebody, there are numerous identified regional prospects within the 160km2 exploitation license. Ongoing surface exploration work aims to explore these potential satellite deposits and identify further targets to incrementally grow the resource ounces and add low capital mill feed for the  Sukari processing facility.  

The exploration strategy is to systematically explore and drill-test the numerous targets across the SMC. The exploration programme will progressively focus on these prospects over the near to medium-term.

In 2021, exploration work identified seven key prospect areas within the SMC which will be followed up with systematic drill testing.

At Sukari, the Egyptian Mineral Resource Authority (“EMRA”), a division of the Egyptian government, is the Company’s partner, and is entitled to 50% of the operating profits from Sukari Gold Mine, as per the terms of the Concession Agreement. A representative from EMRA is present on site at all times.


Cut-off grades: Open pit of 0.3g/t; underground of 0.5g/t; and stockpiles of 0.4g/t

  2022   2021
Category Tonnage (Mt) Grade (g/t) Gold Content (Moz)   Tonnage (Mt) Grade (g/t) Gold Content (Moz)
Measured 267 1.04 8.90   220 1.06 7.45
Indicated 53 1.30 2.21   70 1.05 2.36
Sukari Measured +Indicated 320 1.08 11.11   290 1.05 9.81
Inferred 18 1.6 1.0   14 1.4 0.6


Open pit and stockpiles 0.4g/t cut-off, underground 0.4g/t cut-off for development and stopes defined within a 2.2g/t cut-off

  2022   2021
Category Tonnage (Mt) Grade (g/t) Gold Content (Moz)   Tonnage (Mt) Grade (g/t) Gold Content (Moz)
Open pit              
Proven 108.9 0.9 3.3   100.4 1.2 3.9
Probable 27.5 1.5 1.3   20.8 1.0 0.6
P & P 136.4 1.0 4.6   121.1 1.2 4.6
Proven 4.0 3.6 0.5   2.1 3.3 0.2
Probable 5.3 4.2 0.7   5.7 3.6 0.7
P & P 9.3 4.0 1.2   7.8 3.6 0.9
Proven 17.4 0.5 0.3   17.4 0.5 0.3
Probable - - -   - - -
P & P 17.4 0.5 0.3   17.4 0.5 0.3
Sukari Mineral Reserve 163.1 1.2 6.0   146.4 1.2 5.8