DAR ES SALAAM – African Barrick Gold, which has four gold mines in Africa's fourth largest gold producer Tanzania, said on Wednesday it was planning to cross-list on the country's bourse by the end of this year.

The Tanzanian-focused miner, a unit of the world's largest gold miner Barrick Gold Corp, also said it was planning to double output to two-million ounces by 2024 from a projected one-million ounces in 2014.

"We have made a commitment to cross-list on the Dar es Salaam Stock Exchange. Our initial plan was to cross-list by the end of September," ABG's VP for corporate affairs, Deo Mwanyika, told a news conference in Dar es Salaam.

"We are still targeting cross-listing before the end of this year and progress has so far been good," said Mwanyika.

ABG produced nearly 700 000 oz of gold last year, Mwanyika said, and has a resource of 30-million ounces in Tanzania.

In July, the firm posted forecast-beating output and a 54% jump in second-quarter income, despite setbacks including an armed attack on one of its mines.

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