Tanzania’s Acacia gold output drops by 50pc

A miner inside the Bulyanhulu gold mine in northern Tanzania. Gold miner Acacia has reported a 50 per cent drop in its production. PHOTO | FILE

Tanzania gold miner Acacia has reported a 50 per cent drop in its production in the first quarter of this year, largely due to a scaling down of operations in one of its mines affected by the dispute with the government.

In its production results released last Tuesday, Acacia reported a sale of 116,955 ounces, slightly below the output for the quarter, as a result of the timing of shipments.