Tanzania's Acacia Gold Output Drops By 50pc

Tanzania gold miner Acacia has reported a 50 per cent drop in its production in the first quarter of this year, largely due to a scaling down of operations in one of its mines affected by the dispute with the government.

In its production results released last Tuesday, Acacia reported a sale of 116,955 ounces, slightly below the output for the quarter, as a result of the timing of shipments.

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