Centamin expects production of 320 thousand ounces of gold from a mine diabetes this year

Predicted the company "Centamin" the parent company of the company Pharaonic to gold mines untapped mine of diabetes in Egypt, producing 320 thousand ounces of gold from a mine diabetes during this year at a cost of operating up to 700 U.S. dollars an ounce, and it calculates the cost of fuel according to international prices.

The company said - in a statement, said that the production forecasts for the current year to rise by 22% from the volume of production during the last year, which indicates the growth of the company's production for the third consecutive year of mine diabetes.
She added that the size of the company's production target of mine diabetes ranges from 450 to 500 thousand ounces in 2015, and within the framework of the company's long-term plan.
The "Centamin" it had decided to postpone the launch of the fourth stage at the mine because of the strikes, which witnessed the port of Sokhna, confirmed that the project will be completed before the end of this year.
She explained that the estimates of the investments, which pumped in the fourth phase of the work in diabetes mine rose to $ 325 million versus $ 287 million in previous estimates because of increased costs and inflation.
The company has announced its success in exceeding the production ceiling target for 2012 by about 13 thousand ounces, where annual production volume rose to 262 thousand and 958 ounces, a 30% increase compared to the production in 2011

source :a.s.a