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G old miner Centamin has hit a milestone by building up its cash flow to the point where it has begun sharing its profits with the Egyptian government.. Record production from its Sukari pit and a strong gold price mean that the FTSE 250 company has now paid off the $1bn capital costs of its mine, which has been in development since 2008.
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Aug 14, 2012· LONDON -- African miner and FTSE 250 group Centamin (ISE: CEY.L) has unveiled its second-quarter numbers. In morning trading, the shares are up more than 2%. Relying almost exclusively on its large scale, low-cost Sukari gold mine in Egypt, Centamin boasted its strongest operating quarter yet, and ...
Egypt looks at ancient history to find new gold - CNN
The Sukari mine or Alsukari mine (Arabic: السكري Al-Sukkari, Egyptian pronunciation: El-Sokkari) is a Gold Mine located in the Nubian Desert/Eastern Desert near the Red Sea in Egypt in the south-east of the country in the Red Sea Governorate, 30 …
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