August 27, 2016 2:26 AM 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.

Geita,  

Tanzania

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

Company Name Region
Diamond Africa Limited Middle East/Africa
Exploration Property in Tanzania Middle East/Africa
Hydro-Geos Consulting Group Tanzania Limited Middle East/Africa
Kastan Mining Limited Middle East/Africa
KBT Discovery Group Tanzania Ltd. Middle East/Africa

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

The information and data displayed in this profile are created and managed by Capital IQ, a Standard & Poor's company. Bloomberg.com does not create or control the content. For inquiries, please contact Capital IQ directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
Bloomberg L.P. United States
NYC2012, Inc. United States
Rush University United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Geita Gold Mine, please visit --. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.