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Acacia Mining PLC (ACAA.L)

ACAA.L on London Stock Exchange

155.00GBp
19 Feb 2018
Change (% chg)

-7.95 (-4.88%)
Prev Close
162.95
Open
163.60
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167.70
Day's Low
154.15
Volume
3,328,051
Avg. Vol
1,545,312
52-wk High
545.50
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139.90

Latest Key Developments (Source: Significant Developments)

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

Barrick Gold reports Q3 loss per share $0.01
Wednesday, 25 Oct 2017 05:05pm EDT 

Oct 25 (Reuters) - Barrick Gold Corp :Barrick reports third quarter 2017 results.Q3 adjusted earnings per share $0.16.Q3 loss per share $0.01.Q3 revenue $1.993 billion.Barrick Gold Corp - ‍narrowed full-year gold production guidance to 5.3-5.5 million ounces​.Barrick Gold Corp - ‍reduced total debt by nearly $1.5 billion year to date, exceeding target for 2017​.Barrick Gold Corp - qtrly copper production ‍115​ million pounds versus 100 million pounds.Barrick Gold Corp sees ‍full-year all-in sustaining costs of $740-$770 per ounce of gold​.Barrick Gold Corp - produced 1.243 million ounces of gold in q3 compared to 1.381 million ounces in prior-year period​.Barrick Gold Corp - qtrly copper all-in sustaining costs $‍2.24​ per pound versus $2.02 per pound.Barrick Gold Corp - ‍all-in sustaining costs for gold in Q3 were $772 per ounce, compared to $704 per ounce in Q3 of 2016​.Barrick Gold Corp - ‍full-year copper production guidance range has narrowed to 420-440 million pounds​.Barrick Gold Corp - ‍copper all-in sustaining cost guidance range has narrowed to $2.20-$2.40 per pound for fy​.Barrick Gold Corp - ‍net earnings in quarter impacted by tax provision of $172 million related to proposed framework for acacia's operations in Tanzania ​.Barrick Gold Corp - decrease in net earnings in quarter reflects lower gold production, lower gold prices, impact of tanzania's concentrate export ban on acacia.Barrick Gold Corp - ‍"goal is to reduce our total debt to $5 billion by end of 2018"​.  Full Article

Acacia sees lower FY production of 750,000 ounces
Friday, 20 Oct 2017 02:19am EDT 

Oct 20 (Reuters) - Acacia Mining Plc :ACACIA MINING PLC - Q3 ‍GOLD PRODUCTION OF 191,203 OUNCES, 7% LOWER THAN Q3 2016​.ACACIA MINING PLC - ‍Q3 GOLD SALES OF 132,787 OUNCES VERSUS 206,488 OUNCES IN Q3 2016​.ACACIA MINING PLC - ‍Q3 AISC OF US$939 PER OUNCE SOLD, 6% BELOW Q3 2016​.ACACIA MINING PLC - ‍Q3 CASH COSTS OF US$616 PER OUNCE SOLD, 3% HIGHER THAN Q3 2016​.ACACIA MINING PLC - ‍Q3 REVENUE OF US$171 MILLION, 40% LOWER THAN Q3 2016​.ACACIA MINING PLC - ‍Q3 EBITDA OF US$50 MILLION, 60% LOWER THAN Q3 201​6.ACACIA MINING PLC - ‍CASH ON HAND OF US$95 MILLION AS OF 30 SEPTEMBER WITH NET CASH OF US$24 MILLION​.ACACIA MINING PLC - "‍IN Q3 OF 2017, ACACIA PAID A TOTAL OF US$35 MILLION OF TAXES AND ROYALTIES TO TANZANIAN REVENUE AUTHORITY​".ACACIA MINING PLC - SEES FY PRODUCTION OF 750,000 OUNCES, 100,000 OUNCES LOWER THAN BOTTOM OF PREVIOUS GUIDANCE RANGE OF 850,000-900,000 OUNCES​.ACACIA MINING PLC - ‍PREVIOUS FY AISC GUIDANCE OF BETWEEN US$880-920 PER OUNCE SOLD REMAINS UNCHANGED​.  Full Article

Acacia says any proposal between Barrick, Tanzania would need co's approval
Friday, 20 Oct 2017 02:00am EDT 

Oct 20 (Reuters) - Acacia Mining Plc ::ACACIA MINING - CONTINUES TO SEEK FURTHER CLARIFICATION ON TANZANIA DISCUSSIONS AND AS YET NO FORMAL PROPOSAL HAS BEEN PUT TO ACACIA FOR CONSIDERATION​.‍ANY PROPOSAL AGREED IN PRINCIPLE BETWEEN BARRICK AND GOVERNMENT WILL REQUIRE ACACIA'S APPROVAL​.‍ACACIA WILL CONSIDER ANY AGREEMENT ON TANZANIA ISSUE ONCE IT RECEIVES FULL DETAILS​.  Full Article

Acacia Mining ‍updates on discussions in Tanzania
Thursday, 19 Oct 2017 10:51am EDT 

Oct 19 (Reuters) - Acacia Mining Plc ::‍UPDATE ON DISCUSSIONS IN TANZANIA.‍ACACIA NOTES THAT GOVERNMENT OF TANZANIA (GOT) AND BARRICK GOLD CORP HOSTED A PRESS CONFERENCE IN TANZANIA TODAY TO PROVIDE AN UPDATE ON ONGOING DISCUSSIONS​​‍.NO FORMAL PROPOSAL HAS BEEN PUT TO ACACIA FOR CONSIDERATION AT THIS POINT IN TIME.‍ACACIA HAS JUST RECEIVED A COPY OF FRAMEWORK AGREEMENT REFERRED TO IN BARRICK'S RELEASE AND IS SEEKING FURTHER CLARIFICATION​.  Full Article

Exclusive: Acacia, China miners in talks over Tanzania gold deal - sources

VANCOUVER/TORONTO China's Shandong Gold Mining Co Ltd and Zijin Mining Group Co Ltd are in separate talks with Acacia Mining Plc to form a joint venture for the London-listed company's gold mines in Tanzania, three people familiar with the matter told Reuters.