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Tuesday, 30th June 2009 (649 views)

Production is underway at Egypt's first modern commercial gold mine.

Centamin Egypt announced that gold began to pour from the Sukari Gold Project on Friday June 26th.

Managing director and chief executive of the company Josef El-Raghy explained that the site represents the largest mine to come on-stream so far in 2009 and predicted that annual capacity will reach 200,000 ounces by the end of the year.

An increase in production is expected in the coming months and Mr El-Raghy remarked: "The delivery of initial gold production in June 2009 is testament to the extraordinary hard work and professionalism of the entire team at Centamin."

He also praised the Egyptian government for its cooperation with the project, referring to minister for petroleum and mineral resources Sameh Fahmy in particular.

Centamin has been carrying out exploration work in the country since 1995 and completed a feasibility study to upgrade the Sukari site in February 2007.

 

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