Lake Victoria Gold is a rapidly growing gold exploration and development company listed on the TSX Venture Exchange under the symbol LVG. Leveraging unique positioning and experience, the company is principally focused on growth and consolidation in the highly prolific and prospective Lake Victoria Goldfield in Tanzania.
The Company has a 100% interest in the Tembo Gold project which has over 50 thousand meters of drilling and is located adjacent to Barrick’s 20Moz Bulyanhulu Mine. The Company recently announced the acquisition of two deposits (see press releases on August 10th, 2023 & August 29th,2023) that support our objective of accretive growth and consolidation. The Imwelo (fully permitted for production) and Dora projects, located approximately 12 km from AngloGold Ashanti’s flagship Geita Gold Mine, both have potential for significant resource growth.
Our Leadership & Partners
Lake Victoria Gold has assembled a highly experienced team with a track record of developing, financing and operating mining projects in Africa with management, directors and partners owning more than 60% of the shares. Notably, the company is grateful for the validation that comes with the support and equity investment from Barrick Gold and recent strategic partnership with Taifa Group, owned by Tanzanian tycoon Rostam Aziz.
Taifa Group (a diverse group of companies with interests in, amongst others, Mining, Telecoms, Oil & Gas, Agri Business, Pharmaceuticals and Leather) has taken an equity stake in Lake Victoria Gold through its wholly owned subsidiary Taifa Mining (a wholly Tanzanian owned company). Taifa Mining will also carry out all the contract mining and civil works for the Imwelo project.
Taifa Mining is Tanzania’s largest mining contractor with over 30 years mining related experience. Taifa have been the contractor of choice to most mines in Tanzania and have maintained long and successful relationships with companies such as Petra, De Beers, Barrick, and AngloGold Ashanti. In addition, Taifa owns the largest fleet of mining equipment in Tanzania. As a company, Taifa is committed to adopting and adhering to the latest internationally recognized standards throughout all aspects of its business.
"The Company is grateful for the validation that comes with the support and equity investment from Barrick Gold and recent strategic partnership with Taifa Group."