Acacia Mining Gold Production in April Was 37% Higher Than 1Q Average
09 Maggio 2019 - 09:31AM
Dow Jones News
By Oliver Griffin
Acacia Mining PLC (ACA.LN) on Thursday said total gold
production in April was 37% higher than the monthly average
achieved in the first quarter of 2019, citing significant
operational improvements at its North Mara mine in Tanzania.
The gold-mining company, which is majority owned by Canada's
Barrick Gold Corp. (ABX.T), said total production in April rose to
47,805 ounces.
At North Mara, production hit 33,941 ounces of gold,
representing a 54% increase on the monthly average in the first
quarter of the year, Acacia Mining said.
Elsewhere, production at the company's Buzwagi mine was 12%
higher than the first-quarter monthly average to 10,705 ounces of
gold. Output at Bulyanhulu was in line with prior months.
As a result, the company said it was confident in meeting its
full-year guidance range of 500,000 to 550,000 ounces of gold.
The company said it is seeking clarification regarding comments
reportedly made by Mark Bristow, CEO of Barrick, concerning the
resolution of Acacia's long-running dispute with the government of
Tanzania.
Acacia Mining said not all of the reported comments were
consistent with its own understanding of the position regarding the
dispute. An update will be provided in due course, it said.
Write to Oliver Griffin at oliver.griffin@dowjones.com;
@OliGGriffin
(END) Dow Jones Newswires
May 09, 2019 03:16 ET (07:16 GMT)
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