Centamin’s free cash flow boosted by higher gold price

Egypt-focused gold miner Centamin reports that increased gold sales and a higher gold price contributed to a 196% year-on-year increase in the company’s free cash flow to $56-million for the quarter ended June 30.

During the June quarter, the company, which operates the Sukari mine, sold 130 745 oz of gold, a 16% improvement year-on-year, in line with higher production.