Gold

Aim-listed Shanta Gold has revealed that it has “produced another notable safety performance”. The company, through  CEO Eric Zurrin  in a production and operational results release, also states that it achieved its core objectives for 2020, with gold production and costs in line with guidance. Shanta owns the New Luika …

The Toronto-based mining company Barrick Gold, which operates three mines in the African country through Twiga Minerals, has announced that it will invest $8 million on exploration in Tanzania this year. The company also revealed that it has been granted 10 new exploration licenses in Tanzania, where it was until …

Gold has overtaken tourism as Tanzania’s biggest foreign-exchange earner, while Barrick’s joint venture with the Tanzanian government paid its first cash dividend of $250 million earlier this week. The East African nation’s gold-mining industry is showing signs of a renaissance following a crackdown on smuggling and the settlement of a …

Gold exports from Ethiopia increased four-fold year-on-year to 24,700 ounces during July and August, this is according to a Bloomberg report. This was after the central bank offered higher prices to mop up gold that may otherwise be smuggled. Ethiopia is the latest country in Africa to start buying up …

As a part of due diligence and testing the state of operations, Kilimapesa successfully recommenced gold production with the first smelt taking place on Monday 14 September 2020 yielding a 87 oz gold bar, and to continue gold production at the mine. This forms part of the work being undertaken …

Tanzania gold miner Shanta Gold has completed the US$14.5 million acquisition of West Kenya across the border in Kenya, from Barrick Gold (now a 6% Shanta shareholder), and plans to start infill and extension drilling soon to try to build out the current resource of 1.2Mt grading 12.6gpt (1.18Moz) and …