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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 last year due to reduced activities at its flagship Bulyanhulu mine
. sold slightly more gold ounces Tanzania is making radical changes in its mining industry to reap more profits from its minerals and last year it slapped Acacia, its largest producer of minerals. Gold, with a bill of $ 190 billion in unpaid taxes, penalties and fines.
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 achieve the goal set for the Middle of the year.
for this year represents a reduction of at least 38 percent from 2017.
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