Martin Horgan talks through the deal at 2024 Gold Forum Americas
The results of four years' work restructuring has led to a £1.9 billion offer by AngloGold Ashanti, Centamin chief executive Martin Horgan told delegates at the 2024 Gold Forum Americas in Colorado Springs in Denver , US.Unable to speak about the transaction for legal reasons due to the AngloGold bid, Horgan talked delegates through the restructuring which has set the business up to produce 470-500,000oz this year.
With exploration potential in Egypt at EDX which can add satellite production to Sukari and development of Doropo in Cote d'Ivoire, the company is looking at production of over 700,000ozpa in the 2027-2032 period at an all-in sustaining cost of about US$1000/oz.Company-wide, Centamin has 13.4Moz of measured and indicated resources and 7.7Moz of proven and probable reserves.
Anglogold Ashanti Centamin Martin Horgan Colorado Springs Denver Sukari Denver Gold Forum 2024
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