Monday, March 12, 2012

Centamin plc Sukari Gold Mine resumption of operations

Centamin plc ("Centamin" or "the Company") (TSX:CEE)(LSE:CEY) announces that normal operations have resumed at its Sukari Gold Mine.

The illegal unrest and work stoppage commenced as a result of a breakdown in on-going discussions involving general salary increases and other benefits with some members of the Sukari work force. With the co-operation of the Egyptian Mineral Resources Authority, Ministry of Petroleum and Industry Committee of Parliament, all outstanding issues have been effectively resolved and work has recommenced.

Whilst Q1 production and cash costs will be affected by this stoppage, Centamin's full year production and cash cost guidance remains unchanged.

Source: Marketwire