Tanzanian Gold Enhances and Expands its Relationship with Tanzania to Advance the Buckreef Gold Project
Retrieved on:
Friday, January 8, 2021
STAMICO, which is 100% owned by the United Republic of Tanzania (the Government), owns a 45% non-dilutable equity interest in Buckreef Gold Company Limited, which wholly-owns the Project.
Key Points:
- STAMICO, which is 100% owned by the United Republic of Tanzania (the Government), owns a 45% non-dilutable equity interest in Buckreef Gold Company Limited, which wholly-owns the Project.
- An update of a mine plan is a normal procedure under the provisions of the Tanzanian mining laws.
- Mr. Stephen Mullowney, Chief Executive Officer (TanGold), commented, This is an important step forward in the development of Buckreef.
- Tanzanian Gold Corporation is advancing on three value-creation tracks:
Strengthening its balance sheet from expanding near-term production to 15,000 - 20,000 oz.