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Acacia sales hit by Tanzania export ban

By BFN News | 08:17 AM | Thursday 12 October, 2017


Acacia has confirmed that it produced 191,203 ounces of gold and sold 132,787 ounces of gold during the third quarter. It said sales were below production due to the ban on the export of gold/copper concentrate produced at Bulyanhulu and Buzwagi from Tanzania. It said 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. Acacia released the figures after noting that Barrick Gold Corporation would be publishing its third quarter production and sales results, which would include its 63.9% share of Acacia's operations, later today. At 8:17am: (LON:ACA) Acacia Mining Plc share price was -4.05p at 185.85p Story provided by StockMarketWire.com

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