Gold mid-tiers’ Q3 2024 fundamentals
All-time-high gold prices combined with relatively-contained costs catapulted unit earnings to another epic record.
Pharaoh Gold Mines NL, Centamin’s wholly-owned subsidiary, signed gold exploration contracts with Oman, Saudi Arabia, Ethiopia and Sudan.
The company has already started exploration at four sites in Ethiopia with 2,000 miners at each site.
Pharaoh Gold Mines also holds a concession for Egypt’s Sukari gold mine considered among the top 10 gold mines in the world. Sukari has a weekly output of around 150 kilograms of gold.
Source (Arabic): Mubasher
