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Acacia Mining PLC (ACAA.L)

ACAA.L on London Stock Exchange

192.40GBp
19 Jan 2018
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4.10 (+2.18%)
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Latest Key Developments (Source: Significant Developments)

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

Acacia Mining appoints Peter Geleta as interim CEO
Thursday, 2 Nov 2017 

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 

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
Thursday, 26 Oct 2017 

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 

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 

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 

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

Acacia Mining says sold 132,787 ounces of gold during Q3​
Thursday, 12 Oct 2017 

Oct 12 (Reuters) - ACACIA MINING PLC ::‍ACACIA CONFIRMS THAT IT PRODUCED 191,203 OUNCES OF GOLD AND SOLD 132,787 OUNCES OF GOLD DURING Q3​.‍SALES WERE BELOW PRODUCTION DUE TO BAN ON EXPORT OF GOLD/COPPER CONCENTRATE PRODUCED AT BULYANHULU AND BUZWAGI FROM TANZANIA​.‍PRODUCTION WAS AHEAD OF EXPECTATIONS AT BUZWAGI (69,097 OUNCES), DRIVEN BY STRONG GRADES​.‍PRODUCTION AT NORTH MARA (72,011 OZ), BULYANHULU (50,094 OZ) IMPACTED BY WORK PERMIT ISSUES, MOVING TO REDUCED OPERATIONS RESPECTIVELY​."‍SALES WERE BELOW PRODUCTION DUE TO BAN ON EXPORT OF GOLD/COPPER CONCENTRATE PRODUCED AT BULYANHULU AND BUZWAGI FROM TANZANIA​".  Full Article

Acacia Mining says restarts operations at Bulyanhulu
Tuesday, 27 Sep 2016 

Acacia Mining Plc : Our full year production guidance for Bulyanhulu remains unchanged . Continue to expect Q3 2016 production to be broadly in line with Q1 2016, unchanged FY production guidance of at least 780,000 ounces of gold . Has resolved previously disclosed issue of overheating of ball mill trunion bearing at Bulyanhulu .Process plant is now operating at normal throughput levels.  Full Article

Acacia to sell Burkina Faso asset for $45 mln to Canada's Sandstorm Gold

Dec 19 Acacia Mining Plc said on Tuesday it would sell its 2 percent royalty over the Houndé Mine in Burkina Faso for $45 million to Sandstorm Gold Ltd.