Zimbabwe’s leading gold producer Metallon Corporation is looking to hit 100 000 ounces gold production mark in 2017, as it continues working towards its 500 000 annual target in the next five years.
Metallon Corporation recorded a 2% decline in production in 2016 due to ground fall at its How Mine plant as well as late commissioning of the Mazowe processing plant but the company is not looking back setting its annual production target for 2017 at 115 000 ounces.
“We look forward to even greater improvements in 2017 as we target approximately 115,000 ounces of production and receive additional benefits from increased sales volumes and lower average costs. Metallon will also be focusing on commencing exploration and development at brownfield sites in Tanzania. This is part of Metallon’s long term strategy to become a 500,000 ounce per annum producer in the next 5 years,” CEO Ken Mekani said in a statement on Monday.
The giant gold production company said in the first quarter of 2017, they will be focusing on completing the Mazowe Processing plant as well as Mazowe and Shamva tailing facilities.
“In 2017 Metallon’s focus will be completion of Mazowe Processing Plant and the Mazowe and Shamva Tailings Facilities,” Metallon said.
Metallon Corporation Limited is the leading gold mining company in Zimbabwe. The company owns and operates four underground gold mines namely How Mine in Bulawayo, Shamva and Mazowe Mines, near Harare as well as Redwing Mine, in Mutare.