Centamin to invest $100mln in Egyptian gold projects in 2025

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Horgan highlighted that the Sukari Gold Mine has produced about 5 million ounces of gold since its establishment in 2010

Staff Writer, Arab Finance

July 18, 2024

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Centamin Plc is planning to invest up to $100 million in gold exploration and production in Egypt over the next year, CEO Martin Horgan told Asharq Business.

Horgan highlighted that the Sukari Gold Mine has produced about 5 million ounces of gold since its establishment in 2010.

He anticipates the mine to continue production for another decade, potentially yielding an additional 5 million ounces.

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