Things seem to be recovering fast for Egyptian gold producer Centamin (LON:CEY) after it was hit last week by a shortage of fuel supplies and a halt to its gold exports.
On Friday, fuel deliveries to its Sukari mine in Egypt resumed after the resolution of a payment dispute with the Egyptian General Petroleum Corporation (EGPC), and today the group confirmed the halt by customs on gold exports from Sukari has been lifted.
Centamin said a gold shipment was made yesterday, which should provide some much needed working capital for the operating company, Sukari Gold Mines.
Centamin said it expects both fuel supply and normal operations at Sukari to resume in the coming days.
“We continue to benefit from the support and cooperation of the Ministry of Petroleum and our partners in the project, the Egyptian Mineral Resources Authority (EMRA),” Centamin said.
Centamin shares shot up by a quarter in the first couple of hours of trading to 43.61p.