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.