1. STAMIGOLD Biharamulo Company Ltd:
STAMIGOLD is a Subsidiary Company of STAMICO which is responsible for operating Biharamulo Gold Mine with Special Mining License (SML157/2003) which cover 25.38 sq.km valid for 25 years. The Company was incorporated on 28th October 2013 with the purpose of engaging in prospecting, exploration, development, production, processing and market gold within the country and to foreign markets. The Company has some Prospecting Licenses which are looking for investors for further development.
STAMIGOLD possess gold tailings deposits of about 8,600,000 tonnes consisting a recoverable 200,000 Ounces of gold at a grade of 0.72 g/tAu. The project is estimated to produce 39.6 ounces of gold per day based on the prudent recovery of 55%.