Acacia gets go-ahead for underground mining at North Mara

LSE-listed Acacia Mining has received the final approval from the Tanzanian Vice-President’s Office to start mining at the Gokona underground project, which formed part of the larger North Mara mine. Commercial production at the Gokona underground project was expected to start late in the second quarter of the year. It would produce 450 000 oz of gold over a five-year life span, with all-in sustaining costs of below $750/oz.