Centamin lowers FY18 production guidance

Aim-listed Centamin's share price on the LSE fell by more than 15% on Friday after the miner lowered its production guidance for the full year to between 505 000 oz and 515 000 oz. It had previously expected to produce 580 000 oz of gold for the full year, however, it said in a statement on Friday that low grades from the transitional zone in the openpit, combined with lower development grade from underground production at its flagship Sukari mine, in Egypt, persisted.