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Acacia Mining PLC (ACAA.L)

ACAA.L on London Stock Exchange

216.30GBp
15 Feb 2019
Change (% chg)

16.95 (+8.50%)
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199.35
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1,391,421
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Latest Key Developments (Source: Significant Developments)

Acacia Mining Says EPO Fined North Mara Mine 300 Mln Tanzanian Shillings
Thursday, 10 Jan 2019 

Jan 10 (Reuters) - Acacia Mining PLC ::REG-ACACIA MINING PLC: STATEMENT ON NORTH MARA.ACACIA MINING PLC - NORTH MARA MINE GOT ENVIRONMENTAL PROTECTION ORDER (“EPO”), REQUIRING PAYMENT OF A FINE OF 300 MILLION TANZANIAN SHILLINGS.ACACIA MINING - NORTH MARA MINE GOT ENVIRONMENTAL PROTECTION ORDER (“EPO”) IN RELATION TO ALLEGED BREACHES OF ENVIRONMENTAL REGULATIONS IN TANZANIA.ACACIA MINING PLC - MINE HAS NOT YET RECEIVED SUPPORTING REPORTS, FINDINGS OR TESTING DATA IN RELATION TO MATTERS SET OUT IN EPO.ACACIA MINING PLC - CURRENTLY ASSESSING TECHNICAL BASIS OF THE ALLEGED NON-COMPLIANCES.ACACIA MINING - ALSO NOTES NATIONAL ENVIRONMENT MANAGEMENT COUNCIL’S REPORTED FINDINGS REGARDING DISCHARGES OF A HAZARDOUS SUBSTANCE AT MINE.ACACIA MINING - NOTES MEDIA REPORTS IN TANZANIA THAT GOVERNMENT ISSUED DIRECTIVE TO MINE TO CONSTRUCT NEW TAILINGS STORAGE FACILITY AT NORTH MARA.ACACIA MINING - MINE HAS BEEN VERBALLY DIRECTED TO CONSTRUCT A NEW TSF; MINE HAS NOT YET RECEIVED ANY WRITTEN NOTICE OR DIRECTIVE FROM THE GOT.ACACIA - AWAITING NEMC’S DETAILED REPORTS, FINDINGS, TESTING DATA IN RELATION TO HAZARDOUS SUBSTANCE DISCHARGE, NOT AWARE OF ANY SUCH DISCHARGE.ACACIA MINING - BELIEVES NEMC REPORTS RELATE TO A LONGSTANDING SEEPAGE ISSUE AT BASE OF THE TSF.ACACIA MINING - MINE DOES NOT YET HAVE DETAILED OR FULLY COSTED PLANS OR PROJECT SCHEDULES FOR CONSTRUCTION OF A NEW FACILITY.  Full Article

Acacia Mining Says Not Aware That SFO Is Investigating Co
Friday, 14 Dec 2018 

Dec 14 (Reuters) - Acacia Mining PLC ::REG-ACACIA MINING PLC: CORRECTION TO MEDIA SPECULATION.ACACIA MINING PLC - NOTES MEDIA SPECULATION CLAIMING AN SFO INVESTIGATION INTO COMPANY.ACACIA MINING PLC - NOT AWARE THAT SFO IS INVESTIGATING COMPANY.ACACIA MINING PLC - HAS BEEN IN CONTACT WITH SFO ABOUT ALLEGATIONS OF CORRUPT ACTIVITIES IN TANZANIA WHICH ARE SUBJECT OF PROCEEDINGS IN TANZANIA.  Full Article

Acacia Mining Says Co Signs A Binding Conditional Agreement With Sarama Resources Ltd
Wednesday, 28 Nov 2018 

Nov 28 (Reuters) - Acacia Mining PLC ::SOUTH HOUNDÉ PROJECT UPDATE.SIGNED A BINDING CONDITIONAL AGREEMENT WITH ITS PARTNER, SARAMA RESOURCES LTD.SARAMA TO TERMINATE EARN-IN AGREEMENT IN RESPECT OF SOUTH HOUNDÉ PROJECT IN SOUTH-WESTERN BURKINA FASO.TERMINATION OF EARN-IN AGREEMENT IS CONDITIONAL ON DEFINITIVE DOCUMENTATION BEING AGREED BY PARTIES BEFORE APRIL 30, 2019.AGREEMENT WILL ALLOW SARAMA TO MOVE TO 100% OWNERSHIP OF PROJECT BY MAKING A PAYMENT OF US$2 MILLION IN STAGED PAYMENTS.ACACIA WILL BE GRANTED 5 MLN WARRANTS FOR COMMON SHARES IN SARAMA, EXERCISABLE FOR FIVE YEARS.  Full Article

Acacia Mining Says Senior Manager Of Tanzanian Businesses Charged
Tuesday, 23 Oct 2018 

Oct 23 (Reuters) - Acacia Mining PLC ::ACACIA MINING PLC: SENIOR MANAGER OF TANZANIAN BUSINESSES CHARGED.ADVISES SENIOR MANAGER OF TANZANIAN BUSINESSES, A TANZANIAN NATIONAL, ARRESTED, CHARGED BY TANZANIAN PREVENTION, COMBATING OF CORRUPTION BUREAU.SENIOR MANAGER OF ITS TANZANIAN BUSINESSES HAS PLEADED NOT GUILTY TO ALL CHARGES.OFFENCES UNDER TANZANIAN ANTI-MONEY LAUNDERING ACT ARE NOT BAILABLE AND SENIOR MANAGER CHARGED TODAY HAS NOT BEEN RELEASED ON BAIL.BELIEVES SENIOR MANAGER CHARGED AS ADDITIONAL ACCUSED TO SOME (BUT NOT ALL) OF 39 CRIMINAL CHARGES BROUGHT BY PCCB ON OCT. 17.UNDERSTAND SENIOR MANAGER CHARGED WITH VARIOUS COUNTS OF TAX EVASION, FORGERY, MONEY LAUNDERING, BUT CO HAS NOT YET SEEN COPY OF CHARGE SHEET.  Full Article

Acacia Mining Produces 136,640 Ounces Of Gold In Q3
Friday, 19 Oct 2018 

Oct 19 (Reuters) - Acacia Mining PLC ::REG-ACACIA MINING PLC: 3RD QUARTER RESULTS.SAYS NOW TARGETING PRODUCTION TO BE MARGINALLY IN EXCESS OF 500,000 OUNCES FOR FULL YEAR.SAYS NOW TRACKING TOWARDS LOWER END OF OUR AISC GUIDANCE RANGE OF US$935-985 PER OUNCE FOR FY.SAYS PRODUCED 136,640 OUNCES OF GOLD AT AN ALL-IN SUSTAINING COST OF US$880 PER OUNCE SOLD DURING Q3.SAYS Q3 2018 REVENUE OF US$165.6 MILLION, 3% (US$5.0 MILLION) LOWER THAN Q3 2017.SAYS Q3 NET EARNINGS OF US$11.9 MILLION (US2.9 CENTS PER SHARE), 26% DOWN FROM US$16.0 MILLION (US3.9 CENTS PER SHARE) IN Q3 2017.SEES TO EXCEED UPPER END OF FY PRODUCTION GUIDANCE RANGE WITH PRODUCTION TO BE MARGINALLY IN EXCESS OF 500,000 OUNCES FOR YEAR.SAYS Q3 AISC OF US$880 PER OUNCE SOLD WAS 6% BELOW Q3 2017.SAYS NOW TRACKING TOWARDS LOWER END OF FULL-YEAR AISC GUIDANCE RANGE OF US$935-985 PER OUNCE.SAYS CONTINUE TO ENGAGE BARRICK TO UNDERSTAND BARRICK'S EXPECTATIONS FOR FUTURE CONDUCT, TIMETABLE FOR DIRECT TALKS COMPLETION WITH TANZANIA GOVT.SAYS NOT AWARE OF ANY MATERIAL DEVELOPMENTS/PROGRESS IN DIRECT TALKS & ENGAGEMENTS BETWEEN GOVERNMENT OF TANZANIA, BARRICK THROUGH THE QTR.SAYS NEGOTIATED RESOLUTION REMAINS "PREFERRED OUTCOME" TO COMPANY'S ON-GOING DISPUTES WITH GOVERNMENT OF TANZANIA.SAYS CO WILL BE REACHING OUT DIRECTLY TO GOVT OF TANZANIA TO SEEK OPPORTUNITY FOR DIRECT DIALOGUE.SAYS FAILING NEGOTIATED TANZANIA RESOLUTION, CO MAY NEED TO PURSUE CLAIMS UNDER BILATERAL INVESTMENT TREATY BETWEEN UNITED REPUBLIC OF TANZANIA, UK.  Full Article

Acacia Mining Says Kelvin Dushnisky Tenders Resignation As Chair Of Board
Tuesday, 28 Aug 2018 

Aug 28 (Reuters) - Acacia Mining PLC ::KELVIN DUSHNISKY TENDERED HIS RESIGNATION AS NON-EXECUTIVE DIRECTOR OF ACACIA, EFFECTIVE AS AT AUG 31, AND FROM HIS POSITION AS CHAIR OF BOARD.APPOINTED RACHEL ENGLISH AS INTERIM CHAIR OF BOARD, WITH EFFECT FROM 1 SEPTEMBER 2018.  Full Article

Acacia Mining Notes Barrick's Statement That Discussions Between Barrick And Government Of Tanzania Are Constructive
Monday, 25 Jun 2018 

June 25 (Reuters) - Acacia Mining PLC ::UPDATE ON BARRICK DISCUSSIONS WITH GOVERNMENT OF TANZANIA.NOTES BARRICK'S STATEMENT THAT DISCUSSIONS BETWEEN BARRICK AND GOT ARE "CONSTRUCTIVE".CO HAS BEEN SUPPORTING BARRICK IN ITS DISCUSSIONS WITH GOT, BUT HAS NOT BEEN DIRECTLY INVOLVED IN THOSE DISCUSSIONS TO DATE.TO CONTINUE TO ENGAGE WITH BARRICK TO SEEK TO UNDERSTAND BARRICK'S EXPECTATIONS FOR FUTURE CONDUCT; TIMETABLE FOR COMPLETION OF TALKS WITH GOT.  Full Article

Acacia Mining Reports Fatal Accident Involving Operator At North Mara
Tuesday, 12 Jun 2018 

June 12 (Reuters) - Acacia Mining Plc ::ANNOUNCES A FATAL ACCIDENT INVOLVING AN OPERATOR FOR ONE OF CONTRACTORS AT NORTH MARA.SADOCK CRISPIN TINDAHINILE PASSED AWAY AS A RESULT OF AN ACCIDENT WHICH INVOLVED A REVERSING VEHICLE AT GOKONA DEPOSIT.INCIDENT OCCURRED AT APPROXIMATELY 8.45 A.M. ON 11 JUNE 2018.NO OTHER INJURIES REPORTED, INVESTIGATIONS INTO INCIDENT ARE UNDERWAY AND ALL RELEVANT AUTHORITIES HAVE BEEN INFORMED.  Full Article

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

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 

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

CORRECTED-UPDATE 1-Barrick explores options for Zambian copper mine under pressure from taxes

Jan 21 Barrick Gold Corp said on Monday that it was considering all options for Lumwana copper mine in Zambia as the country's proposed new mining taxes would make it challenging to generate adequate returns for all its stakeholders.