Acacia looks to reduce operating costs in Tanzania

Africa-focused gold miner Acacia Mining is targeting a group all-in sustaining cost (AISC) of less than $900/oz within the next five years, head of exploration Peter Spora said on Thursday. Speaking at the second day of the Africa Downunder conference, in Perth, he noted that Acacia had been working hard to reduce costs and, thus far, had succeeded in reducing operating costs from among the highest in the sector to being within the first quartile of the cost curve within the next 12 months.