October 01, 2016 1:39 PM ET

Metals and Mining

Company Overview of Geita Gold Mine

Company Overview

Geita Gold Mine is an open pit mine that produces gold deposits and is located in Geita, Tanzania region. As of 12/15/2000, Geita Gold Mine is a subsidiary of AngloGold Ashanti Ltd.



Founded in 1991

Key Executives for Geita Gold Mine

Managing Director
Compensation as of Fiscal Year 2016.

Geita Gold Mine Key Developments

Geita Announces Unaudited Production and Earnings Results for the Six Months Ended June 30, 2016

Geita announced unaudited production and earnings results for the six months ended June 30, 2016. For the period, gross profit was $82 million. Geita produced 229,000oz at a cost of sales of $196 million and a total cash cost of $496/oz for the six months ended 30 June 2016 compared to 250,000oz at a cost of sales of $200 million and a total cash cost of $487/oz in the same period last year. Production decreased as a result of a planned 11% reduction in recovered grade from mining lower grade ore in the Nyankanga pit compared to the same period last year. This was partly compensated for by a 3% increase in plant throughput as a result of consistent plant operations.

Similar Private Companies By Industry

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KBT Discovery Group Tanzania Ltd. Middle East/Africa

Recent Private Companies Transactions

No transactions available in the past 12 months.

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