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United Kingdom

Acacia Mining PLC (ACAA.L)

ACAA.L on London Stock Exchange

174.65GBp
16 Nov 2018
Change (% chg)

3.25 (+1.90%)
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171.40
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380,848
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Latest Key Developments (Source: Significant Developments)

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

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

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Randgold ready to mediate in Acacia's Tanzania row before Barrick tie-up

LONDON Randgold Resources said on Tuesday it would mediate in a tax dispute between Tanzania and Acacia Mining , a firm in which Randgold investors will have a stake if its planned merger with Barrick Gold is approved by shareholders.