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Centamin first-half earnings jump on strong gold prices, higher Egypt mine output

Gold miner Centamin Plc reported higher first-half pretax profit on Tuesday, buoyed by increased output from its Sukari mine in Egypt and rising bullion prices on coronavirus driven safe-haven demand.

Aug 4 (Reuters) - Gold miner Centamin Plc CEY.L reported higher first-half pretax profit on Tuesday, buoyed by increased output from its Sukari mine in Egypt and rising bullion prices on coronavirus driven safe-haven demand.

The company, which also declared a second interim dividend of six cents per share, said pretax profit rose to $191 million for the first-half ended June 30, compared with $59.6 million a year ago.

(Reporting by Samantha Machado in Bengaluru; Editing by Rashmi Aich)

((Samantha.machado@thomsonreuters.com; Within UK +44 20 7542 1810; Outside UK +918061822699; Twitter: https://twitter.com/SamanthaM_TR;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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