Galane to ramp output as gold price recovers

Gold prices have been on the recovery path this year
Gold prices have been on the recovery path this year

FRANCISTOWN: Mupane Gold Mining is planning to resuscitate open cast mining within some of its mothballed pits if international gold prices continue to recover.

Mupane mining manager, Cedric Sam revealed this to councillors recently when giving a brief about operations at the mine.

“Should the gold prices continue to be above $1,300 per ounce we believe that it will be a good opportunity to start mining at some of our open pit licences. For the last six months gold prices have steadily increased from $1,000 to $1,300 per ounce,” said Sam.

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