IKCEST

Investors frown at Centamin’s West African portfolio review

May 27, 2021

Source: https://www.mining.com/investors-frown-at-centamins-west-african-portfolio-review/

It takes around min to read this article.

Investors frown a Centamin’s West African portfolio review

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

Shares in gold producer Centamin (LON:CEY) (TSX:CEE) fell almost 7% on Thursday after it published the results of its West Africa portfolio review, which revealed one of the assets doesn’t meet the company’s investment criteria.

The miner, which currently produces only from its Sukari gold mine in Egypt, said the preliminary economic assessment (PEA) for Batie West in southwest Burkina Faso, delivered positive results.

Original Text (This is the original text for your reference.)

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

The miner, which currently produces only from its Sukari gold mine in Egypt, said the preliminary economic assessment (PEA) for Batie West in southwest Burkina Faso, delivered positive results.

Comments

Something to say?

Disclaimer: The translated content is provided by third-party translation service providers, and IKCEST shall not assume any responsibility for the accuracy and legality of the content.