Acacia mining reported full year production of 521,980 ounces of gold, which is higher than projected 475,000 ounces.
However, the company quarterly production results for the fourth quarter of last year say produced gold was 32 per cent below the 2017 production, due to the transition to reduce operations at Bulyanhulu and to stockpile processing at Buzwagi.
“I am pleased to report that we have achieved gold production of 130,581 ounces for the fourth quarter, bringing our total gold production for the full year to 521,980 ounces. This is substantially ahead of our initial production guidance for the year of 435,000 to 475,000 ounces,” said Peter Geleta, interim chief executive officer.
Capital Drilling (LON:CAPD) provides specialised drilling services to mineral exploration and mining companies in emerging and developing markets, for exploration, development and production stage projects. The Company currently owns and operates a fleet of 91 drilling rigs with established operations in Botswana, Côte d’Ivoire, Egypt, Ghana, Kenya, Mali, Mauritania and Tanzania. The Group’s corporate headquarters are in Mauritius.