Register
Login:
Share:
Email Facebook Twitter

RNS VIDEO: Reabold Resources #RBD raise £6 million and take stake in Danube Petroleum Watch here

EXCLUSIVE: HemoGenyx are creating blood cancer treatments with US$9 billion market potential


Alliance News


Acacia Mining Third Quarter Sales Hit By Tanzania Export Ban

Thu, 12th Oct 2017 09:32


LONDON (Alliance News) - Gold miner Acacia Mining PLC on Thursday confirmed its third quarter production, with gold sales falling short of production due to export bans in Tanzania.

This was ahead of an announcement from Australia-listed Barrick Gold Corp that it would be releasing third quarter production and sales results - which will incorporate its 63.9% share of Acacia's operations - later Thursday.

Acacia said it produced 191,203 ounces of gold and sold 132,787 ounces of gold in the quarter to the end of September.

This included production ahead of expectations at Buzwagi, driven by strong grades, but production at North Mara and Bulyanhulu hit by work permit issues and reduced operations, respectively.

Notably, sales were below production due to the ban on the export of gold/copper concentrate produced from Bulyanhulu and Buzwagi from Tanzania.

Acacia will provide further details with its third quarter results Friday next week.

Shares in Acacia were down 2.1% at 186.00 pence Thursday.

By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews

Copyright 2017 Alliance News Limited. All Rights Reserved.

Alliance News



Back to Alliance News


Share Price, Share Chat, Stock Market news at lse.co.uk
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at lse.co.uk




Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.