Acacia notes reported comments in the Tanzanian media today attributed to the Regional Director of Tanzania’ s National Environmental Management Council, the Minister of State in the Vice President’ s Office for Union Affairs and Environment, and the Minister for Minerals that its North Mara mine has been issued with a fine in relation to alleged historical...
Acacia is pleased to announce that it has signed definitive documentation with its partner, Sarama Resources Ltd., to terminate the earn-in agreement in respect of the South Houndé Project in south-western Burkina Faso. The agreement allows Sarama to move to 100% ownership of the Project by making a payment of US $2 million in staged payments.
TR-1: S tandard form for notification of major holdings.
TR-1: S tandard form for notification of major holdings.
TR-1: S tandard form for notification of major holdings.
Acacia's Annual General Meeting for 2019 will be held at the offices of Shearman& Sterling LLP, 9 Appold Street, London, EC2A 2 AP on Thursday 13 June 2019 at 13.00 BST. A hard copy of the 2019 AGM Notice and the Annual Report and Accounts for 2018 will shortly be available at the Company's registered office: Acacia Mining plc, 1 Cavendish Place, London, W1G 0 QF, United...
“I am pleased to announce a rebound in gold production and performance at the start of Q2 to 47,805 ounces for the month. This follows the successful implementation of a revised mining plan at the North Mara mine which saw April gold production at the mine increase to 33,941 ounces, 54% above the monthly average production during Q1. Although still early in the...
In accordance with the Financial Conduct Authority’ s Disclosure Guidance and Transparency Rules, the Company advises that its issued share capital comprises 410,085,499 ordinary shares of 10 pence each. The voting rights of all these shares are identical with each share carrying the right to one vote. The Company holds no ordinary shares in Treasury.
Acacia Mining Plc (ACA.L) Announced, in its interim results for the three months ended 31 March 2019, that revenues fell to $138.1 million from $156.5 million posted in the same period preceding year. The company’s loss before tax stood at $4.1 million, compared to a profit of $58.1 million reported in the previous year. Separately, the company announced that Alan Ashworth, Deborah Gudgeon and Adrian Reynolds have been appointed as Independent Non-Executive Directors, with immediate effect. Meanwhile, Mike Kenyon and André Falzon will step down from the Board, effective 31 July 2019.
As such we still believe we will deliver within our full year guidance of 500,000 to 550,000 gold ounces at an AISC of US $860 to US $920 per ounce. Gold production of 104,899 ounces, 13% below Q1 2018, following a fall of ground in the North Mara Gokona underground mine which prevented access to higher grade stopes, an excavator breakdown in the Nyabirama open pit,...
Acacia Mining has issued gold production figures showing a 13% fall to 104,889 ounces in the first quarter of this year, due to “unanticipated production issues” at its North Mara mine in Tanzania.
Acacia Mining Plc (ACA.L) Announced, in its first quarter 2019 production results, that its gold production lowered by 13% to 104,899 ounces compared to the prior year period mainly due to lower production at North Mara and Buzwagi. Further, the cash balance as at 31 March 2019 amounted to approximately $99 million, representing a decrease of net cash of approximately $17 million during the quarter, primarily as a result of the lower production. Additionally, the company will release its 2019 first quarter results on 25 April 2019 and a conference call will be held for analysts and investors on the same day.
First Quarter 2019 Production Results. “We achieved gold production of 104,899 ounces for the first quarter of the year. While historically our production is typically stronger in the second half of the year, production this quarter was impacted by unanticipated production issues at our North Mara mine.
Acacia Mining plc is the UK holding company of the Acacia Group, Tanzania’ s largest gold miner and one of the largest producers of gold in Africa. The Acacia Group has three mines, all located in north-west Tanzania: Bulyanhulu, which is owned and operated by Bulyanhulu Gold Mine Limited, Buzwagi, which is owned and operated by Pangea Minerals Limited and North Mara,...
Acacia notes media reports that the Government of Tanzania has directed the North Mara mine to resolve an incident that resulted in the spillage of water into the local environment. The spillage resulted from a security incident in which sections of the pipe used to transport water from the polishing pond to the Tailing Storage Facility were either...
In accordance with the Financial Conduct Authority’ s Disclosure Guidance and Transparency Rules, the Company advises that its issued share capital comprises 410,085,499 ordinary shares of 10 pence each. The voting rights of all these shares are identical with each share carrying the right to one vote. The Company holds no ordinary shares in Treasury.
Grant of nil-cost options under Long Term Incentive Plan. The Company notifies the grant of nil-cost options over ordinary shares in the capital of the Company to members of its executive leadership team, which took place on 26 February 2019 pursuant to the rules of its Long Term Incentive Plan. The allocation value of each option was determined in accordance...
Shares in Acacia Mining (ACA) closed up 11 per cent yesterday, after majority shareholder Barrick Gold said there had been progress in discussions to resolve the long-running dispute between the Tanzanian government and the FTSE 350 miner. The proposals echo a framework agreement proposed at the end of 2017, and include the creation of a local operating company in the country, a 50:50 share of “economic benefits”, a payment of $300m and a combination of royalties, taxes and “a 16 per cent free carry interest”. Acacia is yet to receive a formal proposal from Barrick, which said it would present the proposal to Acacia’s directors.
Acacia Mining Plc
ACA.L
Acacia Mining Plc
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Company Profile

African Barrick Gold describes itself as Tanzania's largest gold producer and one of the five largest gold producers in Africa. It has four producing mines, all located in north-west Tanzania, as well as several exploration projects at various stages of development. Its stated aim is to increase production to one million ounces per year by 2014. The company has four producing mines, all located in the north of Tanzania. These are Bulyanhulu, Buzwagi, North Mara and Tulawaka and regional offices in London, Johannesburg and Dar Es Salaam.

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HQ
No. 1 Cavendish Place
5th Floor
W1G 0QF
London
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