October 5, 2018 / 6:18 AM / 2 months ago

Gold miner Centamin cuts annual output target; Q3 production drops

Oct 5 (Reuters) - Gold miner Centamin Plc cut its annual production target and reported a 25 percent drop in quarterly output, hit by delays in planned operational improvements.

The company said on Friday that it cut its 2018 production target to about 480,000 ounces from an earlier target of 505,000-515,000 ounces. Centamin also said its third-quarter production fell to 117,720 ounces from 156,533 ounces in the year-ago quarter. (Reporting by Muvija M in Bengaluru; Editing by Bernard Orr)

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