Outlook for 2024 released International miner Centamin has announced that, this year, the company has a gold production guidance range of 470,000 to 500,000 oz per annum with a minor weighting towards the second half of 2024.
The business aims to inject some US$103 million of non-sustaining capital expenditure into its operations this year, of which some US$58 million is to be "allocated to growth projects that are funded from Centamin treasury under the [Egyptian mine] Sukari Concession Agreement and cost recovered over three years,” Centamin said in a statement.
"Looking ahead to 2024, the grid connection project will continue our recent success in taking costs out of the business whilst delivering into our near-term decarbonisation targets of reducing our scope 1 and 2 emissions by 30% by 2030,” said Martin Horgan, the miner’s chief executive.