Acacia Mining (ACA)

Sector:

Mining

Index:

FTSE 250

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 253.20p
   
  • Change Today:
      0.000p
  • 52 Week High: 256.60
  • 52 Week Low: 96.08
  • Currency: UK Pounds
  • Shares Issued: 410.09m
  • Volume: 3,367,890
  • Market Cap: £1,038.34m

Acacia shines in April; seeks clarity on Barrick CEO Tanzania comments

By Frank Prenesti

Date: Thursday 09 May 2019

LONDON (ShareCast) - (Sharecast News) - Acacia Mining reported a jump in April gold production, boosted by a 54% increase in output from its North Mara gold mine in Tanzania.
Total gold production in April was 47,805 ounces, 37% higher than the monthly average during the first quarter of 2019, the company said in a trading update.

It added that a new mining plan at North Mara had put it on track to reach output targets of 500,000 - 550,000 ounces this year.

"I am pleased with the improved production levels now being achieved and remain confident of delivering against our full year production guidance," said interim chief executive Peter Geleta.

Acacia also said seeking clarification of comments made by the chief executive of majority shareholder Barrick Gold about the status of talks over a tax dispute with Tanzania.

Barrick chief Mark Bristow on Wednesday said the was "proving difficult" to resolve the issue.

"Acacia is seeking clarification from Barrick regarding Mr. Bristow's reported comments, not all of which are consistent with Acacia's own understanding of the position, as well as Barrick's expectations for the conclusion of their direct discussions with the government of Tanzania," Acacia said.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Acacia Mining Market Data

Currency UK Pounds
Share Price 253.20p
Change Today 0.000p
% Change 0.00 %
52 Week High 256.60
52 Week Low 96.08
Volume 3,367,890
Shares Issued 410.09m
Market Cap £1,038.34m

Acacia Mining Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
2.42% below the market average2.42% below the market average2.42% below the market average2.42% below the market average2.42% below the market average
78.15% below the sector average78.15% below the sector average78.15% below the sector average78.15% below the sector average78.15% below the sector average
Price Trend
71.83% above the market average71.83% above the market average71.83% above the market average71.83% above the market average71.83% above the market average
77.95% above the sector average77.95% above the sector average77.95% above the sector average77.95% above the sector average77.95% above the sector average
Income
89.29% below the market average89.29% below the market average89.29% below the market average89.29% below the market average89.29% below the market average
91.67% below the sector average91.67% below the sector average91.67% below the sector average91.67% below the sector average91.67% below the sector average
Growth
84.05% below the market average84.05% below the market average84.05% below the market average84.05% below the market average84.05% below the market average
93.55% below the sector average93.55% below the sector average93.55% below the sector average93.55% below the sector average93.55% below the sector average

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 9
Sell 0
Strong Sell 0
Total 12
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Acacia Mining Dividends

  Latest Previous
  Interim Final
Ex-Div n/a 04-May-17
Paid n/a 31-May-17
Amount 0.000¢ 8.40¢

Trades for 21-Aug-2019

Time Volume / Share Price
16:37 5,000 @ 253.20p
16:35 182,028 @ 253.20p
16:29 347 @ 253.00p
16:29 17 @ 253.00p
16:29 161 @ 253.00p

Acacia Mining Key Personnel

CFO Jaco Maritz

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