Lake Victoria Gold Advances East Africa Expansion

Tembo Gold (TSE:LVG) has released an update.

Lake Victoria Gold Ltd. has achieved a milestone with the Tanzanian Fair Competition Commission’s approval of its subsidiary Tembo Gold’s acquisition of the Imwelo mining licence. The fully permitted licence, part of a sizable gold resource project, is poised to enhance Lake Victoria Gold’s status as a growing gold producer in East Africa. With major infrastructure and plant designs in progress and the acquisition nearing completion, the company is advancing its strategic expansion.

For further insights into TSE:LVG stock, check out TipRanks’ Stock Analysis page.