Centamin Egypt produced 30,243 ounces of gold in the third quarter and said it is on track to meet its revised target for the year.
"With improved mill availability and an increasing grade profile, we are confident that Q4 will deliver considerably more ounces at lower cost than Q3 and keep us on track to achieve our revised production guidance," said Chairman Josef El-Raghy.
In September, the company cut its gold output guidance for 2010 by 15-20 percent to 160,000-170,000 ounces.
Rival London-listed gold producer Petropavlovsk again lowered its gold production guidance for 2010 while claiming many difficulties it encountered this year have now been overcome.
