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Acacia Mining PLC (ACAA.L)

ACAA.L on London Stock Exchange

128.90GBp
24 Sep 2018
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8.35 (+6.93%)
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Latest Key Developments (Source: Significant Developments)

Acacia Mining Says Approval Received For Orecorp Tanzania To Increase Its Interest In Nyanzaga Mining
Thursday, 6 Sep 2018 02:00am EDT 

Sept 6 (Reuters) - Acacia Mining PLC ::TANZANIAN FAIR COMPETITION COMMISSION NOW GRANTED APPROVAL FOR ORECORP TANZANIA TO INCREASE ITS INTEREST IN NYANZAGA MINING CO TO 51 PCT.IN ADDITION, ORECORP GROUP NOW ENTERED INTO COMPLETION AGREEMENT WITH CO TO ALLOW ORECORP TANZANIA TO MOVE TO 100% OWNERSHIP OF NMCL.MOVE TO ORECORP'S 100 PCT OWNERSHIP OF NMCL REMAINS PARTLY SUBJECT TO ITS MAKING OF A FUTURE PAYMENT OF US$7 MILLION.  Full Article

Acacia Says Q1 Gold Production In Line With Expectations At 120,981 Ounces
Tuesday, 10 Apr 2018 02:00am EDT 

April 10 (Reuters) - Acacia Mining PLC ::GROUP GOLD PRODUCTION FOR QUARTER WAS IN LINE WITH EXPECTATIONS AT 120,981 OUNCES, A 55% DECREASE ON Q1 2017.CASH BALANCE AS AT 31 MARCH 2018 AMOUNTED TO APPROXIMATELY US$107 MILLION AND INCREASED BY US$26 MILLION DURING QUARTER.  Full Article

Acacia Mining Says Allocation Of Nil-Cost Options Under LTIP
Thursday, 1 Mar 2018 02:00am EST 

March 1 (Reuters) - Acacia Mining Plc ::ALLOCATION OF NIL-COST OPTIONS UNDER LTIP.‍CONFIRMED ALLOCATION OF NIL-COST OPTIONS TO MEMBERS OF ITS EXECUTIVE LEADERSHIP TEAM IN LINE WITH ITS ANNUAL INCENTIVE SCHEME​.  Full Article

Barrick Says Richard Williams Taking On New Role As Chairman's Executive Envoy To Tanzania
Thursday, 22 Feb 2018 08:41am EST 

Feb 22 (Reuters) - Barrick Gold Corp ::BARRICK OUTLINES ORGANIC INVESTMENTS TO DRIVE LONG-TERM VALUE.BARRICK - RICHARD WILLIAMS TAKING ON NEW ROLE AS CHAIRMAN'S EXECUTIVE ENVOY TO TANZANIA.BARRICK GOLD CORP - BETWEEN 2023 AND 2027, CURRENT PLANS INDICATE POTENTIAL FOR AVERAGE ANNUAL GOLD PRODUCTION ABOVE FOUR MILLION OUNCES.BARRICK - ASSIGNING RESPONSIBILITY FOR CO'S OPERATIONS GROUP TO GREG WALKER, SVP, OPERATIONAL & TECHNICAL EXCELLENCE.BARRICK - WILLIAMS HAS BEEN LEADING DISCUSSIONS WITH GOVERNMENT. OF TANZANIA TO RESOLVE OUTSTANDING ISSUES FACING ACACIA MINING PLC.BARRICK GOLD - INITIAL PRODUCTION FROM NEW THIRD SHAFT AT TURQUOISE RIDGE EXPECTED TO BEGIN IN 2022, SUSTAINED PRODUCTION EXPECTED TO BEGIN 2023.  Full Article

Barrick Q4 Loss Per Share $0.27
Wednesday, 14 Feb 2018 05:10pm EST 

Feb 14 (Reuters) - Barrick Gold Corp ::BARRICK REPORTS 2017 FULL YEAR AND FOURTH QUARTER RESULTS.Q4 ADJUSTED EARNINGS PER SHARE $0.22.Q4 LOSS PER SHARE $0.27.Q4 REVENUE $2.23 BILLION.‍GOLD PRODUCTION GUIDANCE FOR 2018 IS 4.5-5.0 MILLION OUNCES​.‍COPPER PRODUCTION GUIDANCE FOR 2018 IS 385-450 MILLION POUNDS​.‍BASED ON CURRENT ASSET MIX, FROM 2019 TO 2022 EXPECT AVERAGE ANNUAL GOLD PRODUCTION TO BE BETWEEN 4.2-4.6 MILLION OUNCES​.INTEND TO REDUCE TOTAL DEBT TO AROUND $5 BILLION BY THE END OF 2018.GOLD PRODUCTION IN THE FOURTH QUARTER WAS 1.34 MILLION OUNCES COMPARED TO 1.52 MILLION OUNCES LAST YEAR‍​.IN 2017, REDUCED TOTAL DEBT BY $1.51 BILLION, OR 19 PERCENT.QTRLY COPPER PRODUCTION ‍99 MILLION POUNDS VERSUS 101 MILLION POUNDS.QTRLY ALL-IN SUSTAINING COSTS FOR COPPER $‍2.51​ PER POUND VERSUS $2.04 PER POUND.PROVEN AND PROBABLE GOLD RESERVES WERE 64.5 MILLION OUNCES, AS OF DECEMBER 31, 2017.‍ARE NOW EVALUATING AN UNDERGROUND, BLOCK-CAVING OPERATION AT PASCUA-LAMA​.QTRLY ALL-IN SUSTAINING COSTS FOR GOLD WERE $756 PER OUNCE VERSUS $732 PER OUNCE LAST YEAR.GOAL REMAINS TO REDUCE TOTAL DEBT FROM $6.4 BILLION AT PRESENT, TO AROUND $5 BILLION BY END OF 2018.IN 2018, EXPECT ALL-IN SUSTAINING COSTS FOR GOLD OF $765-$815 PER OUNCE‍​.BARRICK GOLD - ‍CONTINUE TO TARGET H1 2018 FOR COMPLETION OF A DETAILED PROPOSAL, RELATED TO AGREEMENT WITH GOVERNMENT. OF TANZANIA, FOR REVIEW BY ACACIA​.  Full Article

Acacia Says Expect Production To Be Broadly Flat In 2018​
Monday, 12 Feb 2018 02:00am EST 

Feb 12 (Reuters) - Acacia Mining Plc ::‍2017 GOLD PRODUCTION OF 767,883 OUNCES, 7% LOWER THAN 2016​.2017 ‍GOLD SALES OF 592,861 OUNCES, 22% LOWER THAN PRODUCTION​.‍EXPECTS TO RETURN BUSINESS TO FREE CASH GENERATION DURING FORTHCOMING YEAR​.‍FY ADJUSTED EBITDA OF US$311 MILLION, 24% DOWN FROM 2016​.FY 2017 ‍REVENUE OF US$752 MILLION, 29% LOWER THAN 2016​.‍2017 AISC OF US$875 PER OUNCE SOLD, BELOW FULL YEAR GUIDANCE RANGE AND OUR LOWEST EVER ACHIEVED​.‍BOARD OF DIRECTORS HAS NOT RECOMMENDED PAYMENT OF A FINAL DIVIDEND​.‍TANZANIA'S ON-GOING BAN ON EXPORTING GOLD/COPPER CONCENTRATE RESULTED IN ABOUT $264 MILLION OF LOST REVENUE IN 2017, DROVE CASH OUTFLOW OF $237 MILLION​.FY ‍CASH COST OF US$587 PER OUNCE SOLD WERE 9% AND 8% LOWER THAN 2016.‍IN 2018 EXPECT A STEP-DOWN IN PRODUCTION FROM 2017 LEVELS TO 435,000-475,000 OUNCES AT INCREASED ALL-IN SUSTAINING COST OF US$935-985 PER OUNCE​.‍CASH COSTS PER OUNCE ARE ALSO EXPECTED TO INCREASE TO BETWEEN US$690-720 PER OUNCE IN 2018​.‍EXPECT PRODUCTION TO BE BROADLY FLAT THROUGH YEAR IN 2018​.‍ALL GOLD PRODUCED IN 2018 IS EXPECTED TO BE IN DORÉ FORM.​.‍AT NORTH MARA WE EXPECT PRODUCTION TO BE BROADLY IN LINE WITH 2017 AT APPROXIMATELY 325,000 OUNCES IN 2018​.‍AS A RESULT OF REDUCED OPERATIONS AT BULYANHULU WE EXPECT TO SEE GROUP CAPITAL EXPENDITURE IN 2018 FALL TO APPROXIMATELY US$100 MILLION​.  Full Article

Acacia Mining Says ‍Q4 2017 Gold Production Was Slightly Ahead Of Expectations At 148,477 Ounces
Monday, 15 Jan 2018 02:00am EST 

Jan 15 (Reuters) - Acacia Mining Plc ::‍Q4 2017 GOLD PRODUCTION WAS SLIGHTLY AHEAD OF EXPECTATIONS AT 148,477 OUNCES.‍Q4 2017 GOLD PRODUCTION ALTHOUGH 30% LOWER THAN Q4 2016 WAS A DIRECT RESULT OF BULYANHULU TRANSITIONING TO REDUCED OPERATIONS.Q4 GOLD SALES OF 147,636 OUNCES IN LINE WITH PRODUCTION WITH ALL GOLD PRODUCED BEING IN DORÉ FORM‍​.‍PRELIMINARY Q4 AISC OF $779 PER OUNCE SOLD, 18 PERCENT LOWER, PRELIMINARY CASH COSTS OF $581 PER OUNCE SOLD, 14 PERCENT LOWER THAN Q4 2016​.‍FULL YEAR SALES OF 592,861 OUNCES, 27 PERCENT LOWER THAN 2016, DRIVEN BY IMPACT OF CONCENTRATE EXPORT BAN​.‍CASH BALANCE WAS $81 MILLION AT 31 DECEMBER 2017 (NET CASH POSITION OF $10 MILLION), A DECREASE OF $15 MILLION​.NO COPPER PRODUCTION FOR Q4, A RESULT OF REDUCED OPERATIONAL ACTIVITY AT BULYANHULU AND AT BUZWAGI AS A RESULT OF FLOTATION CIRCUIT BYPASS​.  Full Article

Sandstorm Gold Acquires 2% Nsr Royalty On Endeavour's Houndé Gold Mine
Tuesday, 19 Dec 2017 02:00am EST 

Dec 19 (Reuters) - Sandstorm Gold Ltd ::SANDSTORM GOLD ACQUIRES 2% NSR ROYALTY ON ENDEAVOUR'S HOUNDÉ GOLD MINE FROM ACACIA MINING.SANDSTORM GOLD LTD SAYS NSR ROYALTY WILL BE ACQUIRED FROM ACACIA MINING PLC FOR US$45 MILLION IN CASH AND COVERS KARI NORTH AND KARI SOUTH TENEMENTS.  Full Article

Acacia Mining appoints Peter Geleta as interim CEO
Thursday, 2 Nov 2017 03:00am EDT 

Nov 2 (Reuters) - Acacia Mining Plc :‍MANAGEMENT CHANGES​.ANNOUNCE APPOINTMENT OF PETER GELETA, CURRENTLY ACACIA'S HEAD OF ORGANISATIONAL EFFECTIVENESS, AS INTERIM CHIEF EXECUTIVE OFFICER​.‍JACO MARITZ, CURRENTLY ACACIA'S GENERAL MANAGER, FINANCE, WILL BE APPOINTED CHIEF FINANCIAL OFFICER​.‍BOTH APPOINTMENTS WILL BE EFFECTIVE FROM 1 JANUARY 2018​.‍BRAD GORDON, CEO, AND ANDREW WRAY, CFO, HAVE SEPARATELY NOTIFIED COMPANY OF THEIR INTENTION TO RESIGN FROM THEIR POSITIONS​.‍BRAD AND ANDREW WILL REMAIN WITH COMPANY UNTIL END OF YEAR​.  Full Article

Acacia Mining says not to make any changes to $128 mln provision ‍​
Thursday, 26 Oct 2017 03:01am EDT 

Oct 26 (Reuters) - ACACIA MINING PLC ::DOES NOT INTEND TO MAKE ANY CHANGES TO ITS OWN $128 MILLION PROVISION DUE TO BARRICK’S ANNOUNCEMENT OF AN AGREEMENT OF A PROPOSED FRAMEWORK.ALSO BE ABLE TO ASSESS POTENTIAL IMPACT ON ACACIA'S HISTORICAL UNCERTAIN TAX POSITIONS‍​.  Full Article

UPDATE 1-Acacia Mining reports fall in H1 earnings as costs rise

LONDON, July 20 Acacia Mining reported a fall in first-half core earnings on Friday due to an impairment on a project and higher costs mainly stemming from arbitration with the Tanzanian government that pushed the company into a quarterly loss.