Centamin to invest $100mln in Egyptian gold projects in 2025

An old abandoned mine is pictured in the eastern desert near the southern province of Luxor, Egypt May 20, 2016. Amr Abdallah Dalsh, Reuters
Reuters Images

Horgan highlighted that the Sukari Gold Mine has produced about 5 million ounces of gold since its establishment in 2010

Staff Writer, Arab Finance

July 18, 2024

PHOTO
An old abandoned mine is pictured in the eastern desert near the southern province of Luxor, Egypt May 20, 2016. Amr Abdallah Dalsh, Reuters

Centamin Plc is planning to invest up to $100 million in gold exploration and production in Egypt over the next year, CEO Martin Horgan told Asharq Business.

Horgan highlighted that the Sukari Gold Mine has produced about 5 million ounces of gold since its establishment in 2010.

He anticipates the mine to continue production for another decade, potentially yielding an additional 5 million ounces.

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