The Australian Centamin Mining Company announced in a filing with the Australian Stock Exchange posted on the company’s website that reserves and resources at Egypt’s Sukari Gold Mine increased by approximately 1.3 million ounces of gold. gold, an increase of 33%, during the current year 2022.
The company added that the total reserves of Egypt’s Sukari gold mine recorded 11.11 million ounces of gold, with a concentration of 1.08 grams per ton.
The company has indicated that it is targeting an ambitious drilling program during the year 2023 for drilling areas of 280,000 meters underground in the Sukari Concession Area in Egypt.
The company added that, by the end of June 2022, the Sukari mine experienced a 13% increase in resources and reserves, and during the current year, the average selling price of gold was 2,000 dollars an ounce.
The company revealed that reserves at Egypt’s Sukari gold mine have increased by two million ounces in the past two years.
