12 Oct 2017 07:00
ACACIA MINING PLC - Third Quarter Production and Sales UpdateACACIA MINING PLC - Third Quarter Production and Sales Update
PR Newswire
London, October 11
12 October 2017
Acacia Mining plc
LSE:ACA
(“Acacia” or the “Company”)
Third Quarter Production and Sales Update
Acacia notes Barrick Gold Corporation’s (“Barrick”) announcement yesterday evening that it would be publishing its third quarter production and sales results, which will include Barrick’s 63.9% share of Acacia’s operations, later today. Ahead of that release Acacia confirms that it produced 191,203 ounces of gold and sold 132,787 ounces of gold during the third quarter.
Production was ahead of expectations at Buzwagi (69,097 ounces), driven by strong grades, with production at North Mara (72,011 ounces) and Bulyanhulu (50,094 ounces) impacted, as previously flagged, by work permit issues and moving to reduced operations respectively. Sales were below production due to the ban on the export of gold/copper concentrate produced at Bulyanhulu and Buzwagi from Tanzania.
Acacia will provide more details within our third quarter results on the 20th October 2017. The results will be accompanied by a conference call for investors and analysts at 09:00 BST on the same day.
The access details for the conference call are as follows:
Participant dial in: +44 20 3059 8125
Password: Acacia Mining
A recording of the conference call will be made available on the Company’s website, www.acaciamining.com, after the call.
ENQUIRIES
For further information, please visit our website: www.acaciamining.com or contact:
Acacia Mining plc +44 (0) 20 7129 7150
Giles Blackham, Investor Relations
Camarco +44 (0) 20 3757 4980
Gordon Poole / Billy Clegg / Nick Hennis