Capital Drilling extends contract at Egyptian gold mine until 2023

Africa-focused mining services provider Capital Drilling has secured a contract extension at Centamin’s Sukari gold mine in Egypt, which will keep its rigs turning at the site until at least 2023.

The company has been working at the mine since 2005, and currently has a fleet of 14 rigs at Sukari, providing blast hole and grade control drilling services at the open pit operation.

“Capital Drilling has been working with Centamin for 14 years and we are delighted to continue this relationship as the demand for our services continues,” said chairman Jamie Boyton.

“This contract extension is a testament to the group’s solid operational performance and provides stability in operations to support our ongoing investment, in what is one of the highest quality and long-life gold mines globally.”

London and Toronto-listed Centamin cut its annual Egyptian gold production target to around 480,000 ounces, down from 505-515,000 ounces, after reporting a 25% drop in quarterly output at the start of the month. Sukari is the only operating gold mine in Egypt.

@RGNonline