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Acacia Mining Plc (ACAA.L) said on Friday that it expected production of 2018 to reach the peak of the reduction target of 435,000 to 475,000 ounces this year. year.
Acacia, a Canadian unit of Barrick Gold (ABX.TO) and Tanzania's largest gold producer, first-half production fell more than 40% to 254,759 ounces.
He produced 133,778 ounces of gold in the second quarter, down 36% from a reduction in operations at his flagship Bulyanhulu mine.
He sold slightly more ounces of gold than he produced during the quarter, helped by the timing of some shipments.
Tanzania is making radical changes to its mining industry to reap more benefits from its minerals and last year slapped Acacia, its largest gold miner, with a 190 bill. billions of dollars in unpaid taxes, penalties and interest.
Acacia said in June that Barrick Gold would not provide a new deadline for the completion of negotiations to end the dispute. 19659005] Forecasts of between 435,000 and 475,000 ounces for this year represent a reduction of at least 38% from 201
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