Centamin Tag

Canada’s Endeavour Mining has dropped its plan to acquire Egypt-focused Centamin for US$1.9 billion as it did not get enough information on the latter’s assets during an assessment. Centamin’s sole operating asset is the Sukari Gold Mine, located in the Eastern Desert approximately 700 km from...

Egypt-focused gold mining company Centamin has declared it more than doubled its profit in the first quarter of 2018, helped by rising gold prices and a ramp up in production. The company’s pre-tax profit soared to 122% to US$65.4 million compared to the same quarter in...