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BRIEF-Acacia says believes can return to positive cash generation in 2018
September 4, 2017 / 6:22 AM / 19 days ago

BRIEF-Acacia says believes can return to positive cash generation in 2018

Sept 4 (Reuters) - Acacia Mining Plc:

* INTENTION TO REDUCE OPERATIONAL ACTIVITY AT BULYANHULU

* DECISION DRIVEN BY UNSUSTAINABLE CASH OUTFLOWS AT MINE DUE TO CONCENTRATE BAN AND OPERATING ENVIRONMENT

* DUE TO THIS CHANGE, ACACIA BELIEVES GROUP CAN RETURN TO POSITIVE CASH GENERATION IN 2018

* TALKS BETWEEN BARRICK GOLD CORPORATION (“BARRICK”) AND TANZANIAN GOVERNMENT ON-GOING Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 80 6749 1136)

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