GOLD
The decline development at the New Luika gold mine has started after Aim-listed Shanta Gold secured all the required approvals for the Tanzania mine to move from a surface operation to a high-grade underground mining operation. The East Africa-focused gold producer, developer and explorer was becoming increasingly underground focused, with a fairly new base case mine plan showing the production of 443 000 oz – 133 000 oz openpit and 310 000 oz underground – from 2016 to 2022.
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