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Centamin operations in Egypt unchanged

Centamin gold production jumps 58% in December quarter

Centamin鈥檚 Sukari mine is Egypt鈥檚 sole gold-exporting mine and the first large-scale modern gold operation in the North African nation. (Image courtesy of )

Egypt-focused gold miner聽Centamin聽(LON:CEY) (TSX:CEE) that operations at its Sukari gold mine remained unaffected by covid-19, adding it had stockpiled enough critical supplies to last until the end of June.

The company, which rejected a takeover approach by Canada鈥檚 Endeavour Mining (TSX:EDV)聽earlier this year, said early action taken at Sukari has helped prevent contagion. The measures include a ban on non-essential travel, workforce education, and setting checkpoints at the airport where workers fly into, as well as at the community centre and mine gates.

Egypt鈥檚 borders are closed until April 15, but goods and supplies can still cross, Centamin said

鈥淎s of 24 March 2020, Centamin has no cases of covid-19 amongst its workforce and has experienced no material disruption to operations, supply chain or gold shipments,鈥 it said in the statement.

The company, however, has postponed publication of its full year 2019 results 鈥渇or a minimum of two weeks鈥, following the request issued on March 21 by the UK鈥檚 Financial Conduct Authority (FCA).

A mounting number of miners are being forced to suspend or limit production and processing as governments worldwide implement emergency measures to slow down the spread of the coronavirus.

Egypt鈥檚 borders are closed until April 15, but goods and supplies can still cross, Centamin said.

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