Acacia Mining (ACA)

Sector:

Mining

Index:

FTSE 250

231.80p
   
  • Change Today:
    -10.20p
  • 52 Week High: 272.80p
  • 52 Week Low: 96.08p
  • Currency: UK Pounds
  • Shares Issued: 410.09m
  • Volume: 4,830,684
  • Market Cap: £950.58m
  • Beta: 0.00

Acacia Mining upbeat on reserves update for Gokona

By Josh White

Date: Friday 05 Jul 2019

LONDON (ShareCast) - (Sharecast News) - Acacia Mining announced a mid-year mineral reserve and resource update for its Gokona Mine at North Mara on Friday, which it said added to the long-term potential of the underground operation.
The FTSE 250 firm said the mineral reserves as at the end of May increased by 13% over year-end 2018 to 1.257 million ounces of gold at 5.5 grams per tonne.

It said that was primarily driven by the successful additional drilling on the east and west extension at Gokona in the fourth quarter of 2018 and the first quarter of 2019, offset by mining depletion and a more conservative change in assumptions for crown pillar stope recovery.

The measured and indicated mineral resources increased by 63% to 122,000 ounces of gold at 3.6 grams per tonne.

Inferred mineral resources increased by 65% to 849,000 ounces of gold at 5.4 grams per tonne, following the increase in drill density and confidence levels in the deeper areas of the deposit.

"All these increases are despite the fact that some 76,000 ounces of gold have been mined in the intervening period," the Acacia Mining board noted in its statement.

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Acacia Mining Market Data

Currency UK Pounds
Share Price 231.80p
Change Today -10.20p
% Change -4.21 %
52 Week High 272.80p
52 Week Low 96.08p
Volume 4,830,684
Shares Issued 410.09m
Market Cap £950.58m
Beta 0.00

Acacia Mining Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
10.51% above the market average10.51% above the market average10.51% above the market average10.51% above the market average10.51% above the market average
74.79% below the sector average74.79% below the sector average74.79% below the sector average74.79% below the sector average74.79% below the sector average
Price Trend
87.51% above the market average87.51% above the market average87.51% above the market average87.51% above the market average87.51% above the market average
82.54% above the sector average82.54% above the sector average82.54% above the sector average82.54% above the sector average82.54% above the sector average
Income
91.59% below the market average91.59% below the market average91.59% below the market average91.59% below the market average91.59% below the market average
83.33% below the sector average83.33% below the sector average83.33% below the sector average83.33% below the sector average83.33% below the sector average
Growth
83.76% below the market average83.76% below the market average83.76% below the market average83.76% below the market average83.76% below the market average
93.44% below the sector average93.44% below the sector average93.44% below the sector average93.44% below the sector average93.44% below the sector average

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 7
Sell 0
Strong Sell 0
Total 10
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 13-Sep-2019

Time Volume / Share Price
17:08 7,500 @ 231.80p
16:35 224,492 @ 231.80p
16:29 700 @ 231.80p
16:29 700 @ 231.80p
16:29 766 @ 231.80p

Acacia Mining Key Personnel

CFO Jaco Maritz

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