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United Kingdom

Acacia Mining PLC (ACAA.L)

ACAA.L on London Stock Exchange

188.45GBp
17 Jan 2018
Change (% chg)

-10.55 (-5.30%)
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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
Wednesday, 25 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

African Markets - Factors to watch on Jan. 16

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Tuesday. - - - - - GLOBAL MARKETS Asian shares pushed higher on Tuesday, erasing early modest losses while the euro stood near a 3-year peak on rising expectations that the European Central Bank could pare its monetary stimulus. WORLD OIL PRICES Brent crude prices were on Tuesday settling in around $70 per bar