Gold production tumbles by 13%
Acacia
1Q produces
104899
oz of gold
According
to Acacia, “We achieved gold production of 104,899 ounces for the first quarter
of the year. While historically our production is typically stronger in the
second half of the year, production this quarter was impacted by unanticipated
production issues at our North Mara mine.
We
have taken immediate steps to address these, introducing a revised mining plan
in mid-March for both the underground and open pit mines, and we remain
confident of delivering against our full year production guidance of 500K to
550K ounces. I would also like to thank our people for their commitment during
these times of uncertainty,” said Peter Geleta, Interim Chief Executive
Officer.”
Gold
production for the quarter of 104,899 ounces was 13% below the prior year
period mainly due to lower production at North Mara and Buzwagi. Gold ounces
sold for the quarter of 104,985 ounces were in line with production.
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