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Centamin lifts FY production guidance; expects lower costs

Following a strong performance in the first half of this year, gold miner Centamin has raised its production guidance for the full year to between 520 000 oz and 540 000 oz, compared with the previously anticipated 470 000 oz. Cash cost of production for the full year is also expected to be lower, at between $530/oz and $550/oz, compared with the previously expected $680/oz, while all-in sustaining costs (AISC) are expected to be between $720/oz and $750/oz, compared with the previously guided $900/oz.