The underground mining rates will gradually ramp up throughout 2024 and is expected to reach the increased steady rate by 2025.
SEATTLE (Scrap Monster): Centamin plc. announced the potential to expand the underground mine at the Sukari Gold Mine. The expansion is expected to drive further production growth.
As pointed out by the independent option study carried out by Entech, the underground mine has the potential to expand to 1.5 million tonnes per annum (mtpa) of total ore mined, which stands at the upper end of the previously guided range. Furthermore, it represents 31% increase in ore mining rates from the current life of mine average of 1.1Mtpa. The company expects the combined waste and ore movement for the expanded underground to be approximately 2Mtpa, said the company press release.
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The expansion is scheduled for H1 2023. The underground mining rates will gradually ramp up throughout 2024 and is expected to reach the increased steady rate by 2025. The capital investment for the proposed expansion project is expected to range between $25 million and $35 million.
Martin Hogan, CEO, Centamin noted that the expansion of the Sukari underground mining capacity is a significant step in delivering its commitment on consistent production of 500,000 ounces per annum from the mine.
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