Throughput was up but grades were down at the Sukari mine in Egypt during the year to December 2018.
The mine, owned by Centamin PLC (LON:CEY), produced 472,418 ounces, a 13% reduction year-on-year.
READ: Centamin announces substantial increase in mineral resources in Cote d’Ivoire
Accordingly, all-in sustaining costs per ounce rose by 12% to US$884.
Profit before tax fell by 26% to US$152.7mln
The company has cash of over US$322mln and remains debt-free and unhedged.
The dividend is set at US$0.055 per share.
“This year, against an operationally challenging backdrop, Centamin produced 472,418 ounces of gold, delivered a solid cost performance and returned excellent exploration results across our portfolio of assets,” said chairman Josef El-Raghy.
“Our workforce responded to the operational challenges with dexterity and professionalism and, together with a new team in place, are confident in returning Sukari back to its full potential.”
Centamin shares plunged 27% to 98.1p on Monday.
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