Higher output powers Mupane revenues to P480m

Friday, May 03, 2019

Mupane's mines continue to deliver PIC: MINING.COM

The country’s sole gold mine upped its production by 20% last year, powering revenues from the precious metal to $44.6 million (about P480 million), it has been established.

Mupane Gold Mine, owned by Toronto-based junior miner, Galane Gold, produced 35,527 ounces of gold last year, compared to 29,354 ounces in the previous one.

Mupane taps into ore from deposits located near Francistown, most of them dating back to the 1870s gold rush.

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