The continuous power disruptions brought by the unreliable power supply in Tanzania have seriously affected the gold production yield of African Barrick Gold (ABG), with fourth quarter 2011 figures sliding 11 per cent, prompting the unit of the world's largest gold producer, Barrick Gold Corporation, to miss its full year 2011 production targets by 2 per cent from a year ago.Reuters
White Tiger Gold Ltd. said its mining contractor CMAC has restarted operations at the company's Lamaque project in Quebec and that it planned to bring in drilling contractors to explore the property.
White Tiger said it expected to mine about 2,000 tonnes of ore per day at the project by the end of the first quarter of 2012.
The company also plans to hire a drilling contractor in the fourth quarter to explore the Sigma West and Main Dyke areas on the Lamaque project.
Shares of White Tiger, which closed its acquisition of Century Mining on Oct. 21, closed at 70 Canadian cents on the Toronto Stock Exchange.
