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Acacia Mining Plc announced on Friday that it was expecting the production of 2018 to reach the peak of the reduction target of 435,000 to 475,000 ounces this year.
Acacia, a Canadian unit of Barrick Gold and first-half production fell more than 40% to 254,759 ounces from the previous year.
It produced 133,778 ounces of gold in the second quarter, down 36% from the previous year due to reduced activities at its flagship Bulyanhulu mine.
Tanzania is making radical changes to its mining industry to reap more benefits from its minerals and slammed last year Acacia, its largest miner in the world. gold, with 190 billion dollars.
Acacia said that in June, Barrick Gold would not set a new deadline for the completion of talks to end the dispute after failing to reach a mid-year target.
forecasts between 435,000 and 475,000 ounces for this year represent a reduction of at least 38% from 2017.
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