Centamin’s Strong Q3 Boosted by Gold Prices and Production

Centamin (GB:CEY) has released an update.

Centamin’s Sukari Gold Mine has delivered a stellar performance in Q3 2024, achieving a 30% increase in gold production compared to last year and generating a remarkable 730% rise in free cash flow. The company capitalized on record gold prices and maintained rigorous cost discipline, while robust exploration efforts are underway in Egypt and Côte d’Ivoire. With a strong balance sheet and strategic growth initiatives, Centamin is well-positioned to sustain its production momentum and financial health for the remainder of the year.

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