Centamin Plc (GB:CEY) has released an update.
Centamin Plc has reported a slight year-on-year decrease in gold production for Q1 2024, attributed to processing lower-grade ore and undergoing maintenance, but has seen a 6% decrease in all-in sustaining costs. The company expects production to rise for the remainder of the year, upholding their 2024 production and cost guidance. Centamin also highlights a strong safety record, the achievement of ISO 45001 Certification for occupational health and safety, and maintains a robust balance sheet with cash and liquid assets totaling $167 million.
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